Sientra Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

07/16/2021

SANTA BARBARA, Calif., July 16, 2021 (GLOBE NEWSWIRE) -- Sientra, Inc. (NASDAQ:SIEN) (“Sientra” or the “Company”), a medical aesthetics company uniquely focused on plastic surgeons, today announced that on July 12, 2021, the Company approved equity award grants under the Sientra Inc. Inducement Plan to Andrew Schmidt, the Company’s new Chief Financial Officer.

Mr. Schmidt was granted restricted stock units representing a total of 48,715 shares of common stock. The restricted stock units will vest in three equal annual installments with the first vesting date to occur on August 1, 2022. The vesting of shares is contingent upon Mr. Schmidt’s continued service with the Company through each vesting date.

The grants were made as an inducement that was a material component of Mr. Schmidt’s compensation and subsequent acceptance of employment with the Company or joining Sientra’s miraDry subsidiary, and were granted as employment inducement awards pursuant to NASDAQ Listing Rule 5635(c)(4) approved by the Compensation Committee.

About Sientra

Headquartered in Santa Barbara, California, Sientra is a medical aesthetics company uniquely focused on plastic surgeons. The Company mission is to offer proprietary innovations and unparalleled partnerships that radically advance how plastic surgeons think, work and care for their patients. Sientra has developed a broad portfolio of products with technologically differentiated characteristics, supported by independent laboratory testing and strong clinical trial outcomes. The Company’s Breast Products segment includes its Sientra round and shaped breast implants, the first fifth generation breast implants approved by the FDA for sale in the United States, its ground-breaking Allox2® breast tissue expander with patented dual-port and integral drain technology, and BIOCORNEUM®, the #1 performing, preferred and recommended scar gel of plastic surgeons(*).

Sientra uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Sientra is routinely posted and is accessible on the Company’s investor relations website at www.sientra.com.

(*) Data on file

Investor Relations Contact
Leigh Salvo
ir@sientra.com

Source: Sientra, Inc.

Nasdaq: SIEN

Stock Quote: NASD

$4.12 -0.27
Volume 482,105
Previous Close 4.38
Intraday High 4.30
Intraday Low 3.94
Pricing delayed 20 minutes
Price Change % Change -6.05% 52 Week High 9.14 52 Week Low 3.80 Today's Open 4.22 Nov 26, 2021 01:00 PM

Investor Contact

Sientra Investor Relations
805-679-8885

script