Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) adopted the Rigel Pharmaceuticals, Inc. Inducement Plan (the “Plan”), pursuant to which the Company reserved 640,000 shares of its common stock to be used exclusively for grants of awards to individuals who were not previously employees or directors of the Company, as an inducement material to the individual’s entry into employment with the Company within the meaning of Rule 5635(c)(4) of the NASDAQ Listing Rules. The Plan was approved by the Company’s Board of Directors without stockholder approval pursuant to Rule 5635(c)(4), and the terms and conditions of the Plan are substantially similar to the Company’s stockholder-approved 2011 Equity Incentive Plan, as amended.