Company: TBPH
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001104659-25-033819
Chunk: 75

Company: Theravance Biopharma, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 75
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 agreements with each of our directors and executive officers and certain other employees. The indemnification agreements will provide that we indemnify each of our directors, executive officers and such other employees against any and all expenses incurred by that director, executive officer, or other employee because of his or her status as one of our directors, executive officers, or other employees, to the fullest extent permitted by applicable law and our Amended and Restated Memorandum and Articles of Association. In addition, the indemnification agreements provide that, to the fullest extent permitted by the applicable laws, we will advance all expenses incurred by our directors, executive officers and other employees in connection with a legal proceeding. Winningham Restricted Share Purchase Agreement On March 15, 2024, we entered into a restricted share purchase agreement (the “RSPA”) with Rick E Winningham, our Chief Executive Officer and Director, under our Amended and Restated 2013 Equity Incentive Plan. Pursuant to the RSPA, we sold our ordinary shares after the close of market on the second full trading day after we reported our quarterly financial results for each financial quarter in 2024, a number of our ordinary shares that was approximately equal to 20% of Mr. Winningham’s then-current gross pay less taxes withheld since the last purchase took place pursuant to the RSPA. Under the RSPA, the purchase price per share was equal to the closing price of one ordinary share on Nasdaq on each applicable purchase date. During 2024, we sold 13,395 ordinary shares for total consideration of approximately $120,116.70 pursuant to the RSPA. The description of the RSPA is a summary only and is qualified in entirety by reference to the form of such agreement, which we filed as exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. Review, Approval or Ratification of Transactions with Related Persons Transactions, arrangements or relationships in which we were, are or will be a participant and the amount involved exceeds $120,000, and in which any related person had, has or will have a direct or indirect material interest are subject to review, approval or ratification by our audit committee or the independent members of our board of directors. Our board of directors has adopted written policies and procedures with respect to related person transactions and our audit committee has the principal responsibility for reviewing related person transactions. In conformance with SEC regulations, these policies and procedures define related persons to include our executive officers, our