Evolus Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Evolus, Inc. (NASDAQ: EOLS), a performance beauty company with a focus on building an aesthetic portfolio of consumer brands, today reported the grant of non-qualified stock options to purchase an aggregate of 8,744 shares of Evolus common stock and an aggregate of 15,000 restricted stock units (RSUs) of the company’s common stock to 6 newly hired non-executive employees of the company, and 143,403 shares of Evolus common stock and 104,603 RSUs of the company’s common stock to Tatjana Mitchell, the company’s new Chief Financial Officer. The awards were approved by the compensation committee of the company’s board of directors under the Evolus 2023 Inducement Incentive Plan as an inducement material to the new employees entering into employment with Evolus in accordance with Nasdaq Listing Rule 5635(c)(4), with the non-executive employee awards and Ms. Mitchell’s awards having a grant date and vesting commencement date of September 7, 2025 and September 8, 2025, respectively.

The non-executive employee stock options have an exercise price of $7.66 per share, the closing price of the company’s common stock on September 5, 2025. The non-executive employee stock options have a 10-year term and vest over 4 years, with 25% of the number of shares subject to the option vesting on each annual anniversary of the vesting commencement date. The non-executive employee RSUs vest 25% on each annual anniversary of the vesting commencement date.

Ms. Mitchell’s stock options have an exercise price of $7.61 per share, the closing price of the company’s common stock on September 8, 2025, and such stock options have a 10-year term and vest over 4 years, with 25% of the number of shares subject to the option vesting on each annual anniversary of the vesting commencement date. Ms. Mitchell’s RSUs vest 50% on the third anniversary of the vesting commencement date and 50% on the fourth anniversary of the vesting commencement date.

The awards are subject to the terms and conditions of the 2023 Inducement Incentive Plan and the terms and conditions of the stock option agreement or RSU agreement, as applicable, covering the grant, including requirements to remain continuously employed on each vesting date.

About Evolus, Inc.

Evolus (NASDAQ: EOLS) is a global performance beauty company redefining the aesthetic injectable market for the next generation of beauty consumers through its unique, customer-centric business model and innovative digital platform. Our mission is to become a global leader in aesthetics anchored by our flagship products: Jeuveau® (prabotulinumtoxinA-xvfs), the first and only neurotoxin dedicated exclusively to aesthetics, and Evolysse™, a collection of unique injectable hyaluronic acid (HA) gels. Visit us at www.evolus.com, and follow us on LinkedIn, X, Instagram or Facebook.

Jeuveau^® is a registered trademark and Evolysse^™ is a trademark of Evolus, Inc.