Company: KROS
Filing Date: 2025-08-06
Form Type: 8-K
Source: 0001664710-25-000071
Chunk: 1

Company: Keros Therapeutics, Inc.
Filing Date: 2025-08-06
Form: 8-K
Item: Item 5.02
Chunk 1
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 to customary confidentiality covenants, as well as a non-competition and non-solicitation covenant for a period of 12 months following her termination of employment.

Dr. Lerner is entitled to certain severance benefits, subject to specific requirements, including signing and not revoking a separation agreement and release of claims. Cause, change of control, disability and good reason are defined in the Lerner Employment Agreement.

In the event Dr. Lerner is terminated by the Company involuntarily without cause (and not due to death or disability) or she resigns for good reason, in each case, not in connection with a change of control, then Dr. Lerner is entitled to cash severance equal to continued base salary payments for nine months and payment of COBRA premiums for up to nine months.

If within one month before or within 12 months following a change of control, Dr. Lerner is terminated by the Company or successor involuntarily without cause (and not due to death or disability) or she resigns for good reason, Dr. Lerner is entitled to the following: (a) cash severance equal to continued base salary payments for 12 months; (b) a lump sum payment equal to 100% of her target bonus for the year of termination; (c) payment of COBRA premiums for up to 12 months; and (d) acceleration of all of her unvested and outstanding equity time-based vesting awards.

There are no arrangements or understandings between Dr. Lerner and any other person pursuant to which Dr. Lerner was selected as the Company’s Chief Scientific Officer. Other than with respect to the Lerner Employment Agreement, there are no transactions to which the Company is a party and in which Dr. Lerner has a material interest that are required to be disclosed under Item 404(a) of Regulation S-K. Dr. Lerner has no family relations with any directors or executive officers of the Company.

The foregoing description of the Lerner Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Lerner Employment Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

In connection with her appointment as Chief Scientific Officer, the Company will enter into its standard form of indemnification agreement with Dr. Lerner. The indemnification agreement will provide, among other things, that the

Company will indemnify Dr. Lerner for certain expenses,