Company: PRME
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001628280-25-037840
Chunk: 1

Company: Prime Medicine, Inc.
Filing Date: 2025-08-05
Form: 8-K
Item: Item 5.02
Chunk 1
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 employees who are not executive officers of the Company on the Repricing Date or (y) the 18-month anniversary of the Repricing Date for Repriced Options held by individuals who are members of the Board or executive officers of the Company, as applicable, on the Repricing Date (each, a “ Retention Date”), (ii) an Eligible Optionholder’s Service Relationship (as defined in the Plans) is terminated by the Company for Cause (as defined in the applicable award agreement) prior to the applicable Retention Date, or (iii) an Eligible Optionholder resigns from the Company (including as a member of the Board) for any reason prior to the applicable Retention Date (provided that, for any Eligible Optionholder party to an employment agreement, offer letter or severance plan or policy pursuant to which such Eligible Optionholder is entitled to “good reason” protection, such Eligible Optionholder shall retain the Repriced Exercise Price if such Eligible Optionholder resigns for “good reason”). Notwithstanding the foregoing, in the event of (A) a Sale Event (as defined in the Plans) prior to the applicable Retention Date, (B) the termination of the Eligible Optionholder’s Service Relationship by the Company without Cause or for “good reason” (as applicable) or (iii) the Eligible Optionholder’s death or disability (as determined in accordance with the Plans), each Repriced Option shall retain the Repriced Exercise Price to the extent it has not otherwise reverted to the Original Price in accordance with the foregoing and the ability to exercise such Repriced Option may be accelerated to earlier than the applicable Retention Date. Except as modified by the Option Repricing, all other terms and conditions of the Repriced Options, including, without limitation, any provisions with respect to vesting and term of the options, will remain in full force and effect.