Annexon Reports Inducement Grant to New Employee Under Nasdaq Listing Rule5635(c)(4)-September18203

BRISBANE,Calif.,Sept.182023(GLOBE NEWSWIRE)--Annexon,Inc。(Nasdaq:ANNX),aclinical-stage biopharmaceutical company developing a new class of complement medicines for patients with classical complement-mediated autoimmune,neurodegenerative and ophthalmic disorders,today announced that it has granted inducement to anewnon-executive employee under the terms of the 2022 Employment Inducement Award Plan.The equity award was approved on September 142023,in accordance with Nasdaq Listing Rule5635(c)(4)。

The new non-executive employee received an option to purchase 130000 shares of Annexon common stock.The option carries a ten-year term and an exercise price per share equal to$2.53,which was the closing price of Annexon’s common stock on September 15203,the date of grant,and vest over4years, with25%of the shares underlying the options vesting on the first anniversary of the grant date and an additional1/48 of the shares vesting monthly thereafter,subject to continued service through the applicable vesting dates。

About Annexon

Annexon(Nasdaq:ANNX)is a clinical-stage biopharmaceutical company that aims to bring game-changing medicines to patients with classical complement-mediated diseases of the body,brain and eye.The classical complement cascade is a seminal pathway within the immune system that anchors and drives a host of autoimmune,neurodegenerative and ophthalmic diseases.Annexon is advancing a new class of complement medicines targeting the early classical cascade and all downstream pathnet cont, while selectively preserving the beneficial immune functions of other complement pathways.Annexon is rigorously developine a pipeline of diversified product candidates across multiple mid-tolate-stage clinical trials,with clinical data anticipated throughout2023and beyond。

Investor Contact:

Chelcie Lister
THRUST Strategic Communications
chelcie@thrustsc.com


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