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ALUMIS INC. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

ALUMIS INC.
,

Filing date:

02/21/2025

TLDR:

Alumis Inc. approved a Severance and Change in Control Plan to provide severance benefits to eligible employees upon qualifying terminations of employment.

ELI5:

Alumis has a plan to provide money and benefits to employees if they leave the company under certain conditions, like if the company is sold or if they are laid off without a good reason. The amount of money and benefits depends on the employee’s position and how long they worked there.

Accession #:

0001104659-25-016134

Published on

Analyst Summary

  • Alumis Inc. approved the Alumis Inc. Severance and Change in Control Plan on February 18, 2025.
  • The Severance Plan provides severance and/or Change in Control benefits to Eligible Employees upon a qualifying termination of employment.
  • Severance benefits include cash payments, Company-paid COBRA premium payments, and potential acceleration of unvested equity awards.
  • Benefits vary depending on whether the termination occurs within or outside the Change in Control Period.
  • Executive officers are eligible to receive acceleration of certain outstanding, unvested equity awards granted before the adoption of the Severance Plan.

Potential Implications

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️