Company: ERAS
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001193125-25-103868
Chunk: 47

Company: Erasca, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 47
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) | Stock option award vests over a period of four years with 25% of the shares underlying the option vesting on the one-year anniversary of the vesting commencement date (December 17, 2020, December 11, 2019 and August 12, 2019 for Dr. Chacko’s January 26, 2021, December 11, 2019 and August 21, 2019 grants, respectively, and May 2, 2022 for Dr. Morris) and 1/48th of the shares underlying the option vesting on a monthly basis thereafter, subject to continued service through each vesting date, and subject to accelerated vesting in certain circumstances as described above under “Severance plan.” |

| (6) | Stock option award vests over a period of four years with 1/48th of the shares underlying the option vesting on a monthly basis following the vesting commencement date (September 23, 2020 for Dr. Chacko and |

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Director compensation Our director compensation program is intended to provide a total compensation package that enables us to attract and retain qualified and experienced individuals to serve as directors and to align our directors’ interests with those of our stockholders. Directors who are also employees of our company do not receive compensation for their service on the Board. We have reimbursed, and will continue to reimburse, our non-employeedirectors for their actual out-of-pocketcosts and expenses incurred in connection with attending board and committee meetings. Non-employeedirector compensation program The non-employeedirector compensation program provides for annual retainer fees and/or long-term equity awards for our non-employeedirectors. Under the non-employeedirector compensation program in effect for 2024, each non-employeedirector received an annual retainer of $40,000, and the chair of the Board and/or lead independent director received an additional $30,000. Non-employee directors serving as the chairs of the audit, compensation and nominating and corporate governance committees received additional annual retainers of $15,000, $10,000, and $8,000, respectively. Non-employeedirectors serving as members of the audit, compensation and nominating and corporate governance committees received additional annual retainers of $7,500, $5,000, and $4,000, respectively. The non-employeedirectors also received initial grants of options to purchase 120,000 shares of our