Monte Rosa Therapeutics : Management Change/Compensation Form 8 K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On December 11, 2024, upon the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors (the "Board") of Monte Rosa Therapeutics, Inc. (the "Company"), the Board appointed Eric A. Hughes, M.D., Ph.D. to join the Board, effective as of December 11, 2024. Dr. Hughes will serve as a Class III director until his term expires at the 2027 annual meeting of stockholders at which time he will stand for election by the Company's stockholders. The Board determined that Dr. Hughes is independent under the listing standards of Nasdaq. The compositions of the Compensation Committee, Nominating and Corporate Governance Committee and Audit Committee remain unchanged.

Dr. Hughes currently serves as Executive Vice President, Global R&D and Chief Medical Officer of Teva Pharmaceuticals. Prior to joining Teva, he was Senior Vice President of Clinical Development and Translational Medicine at Vertex Pharmaceuticals. Previously, he was Global Development Unit Head for Immunology, Hepatology and Dermatology at Novartis and held several executive and senior positions at Bristol Myers Squibb, including Head of Virology, Fibrotic Diseases, Genetically Defined Diseases, Autoimmunity, and Cardiology Discovery Medicine, Exploratory Clinical & Translational Research. During the COVID-19 pandemic, Dr. Hughes served as Co-Chair of the Therapeutics Clinical Working Group for the Accelerating COVID-19 Therapeutic Interventions and Vaccines public-private partnership at the National Institutes of Health. He received his M.D. and Ph.D. from Yale School of Medicine.

Pursuant to the Company's third amended and restated non-employee director compensation policy, Dr. Hughes was granted a stock option to purchase 44,200 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). The stock option will vest monthly over 36 months, subject to Dr. Hughes's continuous service through the applicable vesting date. Dr. Hughes will also receive an annual fee of $40,000 for service as a director. In addition, Dr. Hughes will be eligible to receive, upon the conclusion of each annual meeting of stockholders, starting with the annual meeting of stockholders held in 2025, a stock option grant to purchase 22,100 shares of Common Stock. The stock option will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders following the date the annual equity award is granted, in each case, subject to Dr. Hughes's continuous service through the applicable vesting date.

Dr. Hughes is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K, and there are no arrangements or understandings between Dr. Hughes and any other persons pursuant to which he was selected as a director. In addition, Dr. Hughes has entered into an indemnification agreement with the Company consistent with the form of indemnification agreement entered into between the Company and its existing non-employee directors.