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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No.          )

Filed by the Registrant

Filed by a partyParty other than the Registrant

Check the appropriate box:

Preliminary Proxy Statement

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

Definitive Proxy Statement

Definitive Additional Materials

Soliciting Material under §240.14a-12

MeiraGTx Holdings plc

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

No fee requiredrequired.

Fee paid previously with preliminary materialsmaterials.

Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-110-11.


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GraphicGraphic

MeiraGTx Holdings plc

450 East 29th Street, 14thFloor

New York, New York 10016

December 23, 2022April 27, 2023

Dear Fellow Shareholders:

On behalf of the Board of Directors, I cordially invite you to attend an extraordinarythe 2023 annual general meeting of shareholders (the “Special“Annual Meeting”) of MeiraGTx Holdings plc, which will be held on Tuesday, January 24,Thursday, June 8, 2023, beginning at 10:00 a.m., Eastern Time. You will be able to attend the SpecialAnnual Meeting and vote during the meeting via live webcast by visiting www.virtualshareholdermeeting.com/MGTX2023SMMGTX2023 and inputting your unique, 16-digit control number included on your Notice Regarding the Availability of Proxy Materials or your proxy card. You will be able to listen to the meeting live, submit questions and vote during the live webcast.

Arnold J. Levine, Ph.D. resigned from the Board of Directors in April 2023. We are conductingthank him for his dedicated service and valuable contributions to MeiraGTx and wish him well.

In accordance with the Securities and Exchange Commission rules allowing companies to furnish proxy materials to their shareholders over the Internet, we have sent our Special Meetingshareholders of record at www.virtualshareholdermeeting.com/MGTX2023SM via live webcast in responsethe close of business on April 12, 2023 a Notice Regarding the Availability of Proxy Materials. The notice contains instructions on how to continued public healthaccess our Proxy Statement and safety concerns posed by the outbreak of the novel coronavirus, or COVID-19,Annual Report and vote online. If you would like to support the health and well-beingreceive a printed copy of our shareholders and other meeting participants.proxy materials from us instead of downloading a printable version from the Internet, please follow the instructions for requesting such materials included in the notice, as well as in the attached Proxy Statement.

Attached to this letter are a Notice of ExtraordinaryAnnual General Meeting of Shareholders and Proxy Statement, which describe the business to be conducted at the meeting. Your vote is important to us. Please act as soon as possible to vote your shares. It is important that your shares be represented at the meeting whether or not you plan to attend the SpecialAnnual Meeting. For holdersPlease vote electronically over the Internet, by telephone or, if you receive a paper copy of record of our ordinary shares at the close of business on December 22, 2022, there are four ways to voteproxy card by proxy:

by Telephone—You can vote by telephone by calling 1-800-690-6903 and following the instructions on the proxy card;
by Internet—You can vote over the Internet at www.proxyvote.com by following the instructions on the proxy card;
by Mail—You can vote by mail by signing, dating and mailing themail, by returning your signed proxy card which you received by mail; or
at the Special Meeting—You can vote your shares during the Special Meeting via the Internet by following the instructions at www.virtualshareholdermeeting.com/MGTX2023SM. You will need the 16-digit control number provided on your proxy card.

Additional voting instructions are provided in the Proxy Statement and on your proxy card.envelope provided.

On behalf of the Board of Directors and management, it is my pleasure to express our appreciation for your continued support.

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Keith R. Harris, Ph.D.

Chairman of the Board


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MeiraGTx Holdings plc

450 East 29thStreet, 14thFloor

New York, New York 10016

NOTICE OF EXTRAORDINARYANNUAL GENERAL MEETING OF SHAREHOLDERS

TO BE HELD ON JANUARY 24,JUNE 8, 2023

NOTICE IS HEREBY GIVENthat the ExtraordinaryAnnual General Meeting of Shareholders (the “Special“Annual Meeting”) of MeiraGTx Holdings plc, an exempted company incorporated under the laws of the Cayman Islands, will be held on Tuesday, January 24,Thursday, June 8, 2023, at 10:00 a.m., Eastern Time, via live webcast by visiting www.virtualshareholdermeeting.com/MGTX2023SM.MGTX2023.

The SpecialAnnual Meeting is being held:

1.To approve an amendmentto elect each of Ellen Hukkelhoven, Ph.D., Nicole Seligman and restatementDebra Yu, M.D. as a Class II director to hold office until the Company’s annual general meeting of the MeiraGTx Holdings plc 2018 Incentive Award Planshareholders to increase the number of ordinary shares authorized for issuance thereunder (“Proposal No. 1”);be held in 2026 and until their respective successors have been duly elected and qualified;
2.To approve anto ratify, by ordinary resolution, the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023; and
3.to approvetransact such other business as may properly come before the Annual Meeting or any continuation, postponement or adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies and if, based upon the tabulated vote at the time of the Special Meeting, there are insufficient votes to approve Proposal No. 1 (the ”Adjournment Proposal”). The Adjournment Proposal is only expected to be presented at the Special Meeting if there are not sufficient votes to approve Proposal No. 1.thereof.

These items of business are described in the Proxy Statement that follows this notice. Holders of record of our ordinary shares at the close of business on December 22, 2022April 12, 2023 are entitled to receive notice of, attend and vote at the SpecialAnnual Meeting, or any continuation, postponement or adjournment thereof. A complete list of such shareholders will be open to the examination of any shareholder for any purpose germane to the SpecialAnnual Meeting at our principal executive offices at 450 East 29thStreet, 14thFloor, New York, New York 10016 for a period of ten days prior to the SpecialAnnual Meeting. The list will also be available at the Special Meeting on the virtual Special Meeting website at www.virtualshareholdermeeting.com/MGTX2023SM. Only those shareholders of record will be able to access the list using the 16-digit control number included on your proxy card. The SpecialAnnual Meeting may be cancelled or postponed by the Board of Directors for any reason or for no reason at any time prior to the time for holding the SpecialAnnual Meeting or, if the SpecialAnnual Meeting is adjourned, the time for holding the adjourned SpecialAnnual Meeting and the Board of Directors shall give shareholders notice in writing of any cancellation or postponement.

Your vote is important. Voting your shares will ensure the presence of a quorum at the SpecialAnnual Meeting and will save us the expense of further solicitation. Please promptly vote your shares by following the instructions for voting by completing, signing, dating and returning your proxy card or by Internet or telephone voting as described on your proxy card.

By Order of the Board of Directors,

Graphic

Robert J. Wollin
General Counsel and Secretary

December 23, 2022April 27, 2023

This Notice of ExtraordinaryAnnual General Meeting of Shareholders and Proxy Statement are first being distributed or made available, as the case may be, on or about DecemberApril 27, 2022.2023.

Important Notice Regarding the Availability of Proxy Materials for

the Shareholder Meeting to be held on January 24,June 8, 2023:

This Proxy Statement isand our Annual Report are available free of charge at www.proxyvote.com.


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GENERAL INFORMATION ABOUT THE SPECIALANNUAL MEETING AND VOTING

1

WHEN AND WHERE WILL THE SPECIAL MEETING BE HELD?When and where will the Annual Meeting be held?

1

WHAT IS THE PURPOSE OF THE SPECIAL MEETING?What is the purpose of the Annual Meeting?

1

ARE THERE ANY MATTERS TO BE VOTED ON AT THE SPECIAL MEETING THAT ARE NOT INCLUDED IN THIS PROXY STATEMENT?Are there any matters to be voted on at the Annual Meeting that are not included in this Proxy Statement?

1

WHAT DOES IT MEAN IFWhy did I RECEIVE MORE THAN ONE SET OF PROXY MATERIALS?receive a notice in the mail regarding the Internet availability of proxy materials instead of a paper copy of proxy materials?

1

WHO IS ENTITLED TO VOTE AT THE SPECIAL MEETING?What does it mean if I receive more than one Notice and Access Card or more than one set of proxy materials?

2

WHAT IS THE DIFFERENCE BETWEEN BEING A “RECORD HOLDER” AND HOLDING SHARES IN “STREET NAME”?Can I vote my shares by filling out and returning the Notice and Access Card?

2

WHAT DO I DO IF MY SHARES ARE HELD IN “STREET NAME”?Who is entitled to vote at the Annual Meeting?

2

HOW MANY SHAREHOLDERS MUST BE PRESENT TO HOLD THE SPECIAL MEETING IN ORDER FOR THERE TO BE A QUORUM?What is the difference between being a “record holder” and holding shares in “street name”?

2

WHAT ARE “BROKER NON-VOTES”What do I do if my shares are held in “street name”?

2

WHAT IF A QUORUM IS NOT PRESENT AT THE SPECIAL MEETING?How many shareholders must be present to hold the Annual Meeting in order for there to be a quorum?

2

HOW DO I VOTE MY SHARES AND WHAT ARE THE VOTING DEADLINES?What are “broker non-votes”?

3

HOW CAN I ATTEND AND VOTE AT THE SPECIAL MEETING?What if a quorum is not present at the Annual Meeting?

3

WILLHow do I BE ABLE TO SUBMIT QUESTIONS THROUGH THE WEBCAST?vote my shares and what are the voting deadlines?

3

HOW DOES THE BOARD RECOMMEND THATHow can I VOTE?attend and vote at the Annual Meeting?

3

HOW MANY VOTES ARE REQUIRED TO APPROVE EACH PROPOSAL?Will there be a question and answer session during the Annual Meeting?

4

WHAT IFWhat if during the check in time or during the Annual Meeting, I DO NOT SPECIFY HOW MY SHARES ARE TO BE VOTED?have technical difficulties or trouble accessing the virtual meeting website?

4

WHO WILL COUNT THE VOTES?How does the Board recommend that I vote?

4

CAN I REVOKE OR CHANGE MY VOTE AFTER I SUBMIT MY PROXY?How many votes are required to approve each proposal?

4

WHO WILL PAY FOR THE COST OF THIS PROXY SOLICITATION?

5

PROPOSAL NO. 1 APPROVAL OF THE AMENDMENT AND RESTATEMENT OF THE COMPANY’S 2018 INCENTIVE AWARD PLANWhat if I do not specify how my shares are to be voted?

5

Who will count the votes?

5

Can I revoke or change my vote after I submit my proxy?

5

Who will pay for the cost of this proxy solicitation?

6

OVERVIEWPROPOSAL NO. 1 ELECTION OF DIRECTORS

6

7

AMENDMENT AND RESTATEMENT OF THE 2018 PLANBoard Size and Structure

6

7

CURRENT SHARES UNDER THE 2018 PLANCurrent Directors and Terms

7

Nominees for Director

7

Information About Board Nominees and Continuing Directors

7

Nominees for Election to Three-Year Terms Expiring No Later than the 2026 Annual Meeting

8

SUMMARY OF THE 2018 PLANClass I Directors Whose Terms Expire at the 2025 Annual Meeting of Shareholders

8

9

INTERESTS OF CERTAIN PERSONS IN THE AMENDMENT AND RESTATEMENT OF THE 2018 PLANClass III Directors Whose Terms Expire at the 2024 Annual Meeting of Shareholders

11

9

FEDERAL INCOME TAX CONSEQUENCESBoard Recommendation

11

PLAN BENEFITS

13

ADDITIONAL PRIOR AWARD INFORMATION

14

BOARD RECOMMENDATION

1410

PROPOSAL NO. 2 THE ADJOURNMENT PROPOSALRATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

15

11

OVERVIEWAppointment of Independent Registered Public Accounting Firm

15

11

CONSEQUENCE IF THE ADJOURNMENT PROPOSAL IS NOT APPROVEDAudit, Audit-Related, Tax and All Other Fees

15

11

VOTE REQUIRED FOR APPROVALPre-Approval Policies and Procedures

15

11

BOARD RECOMMENDATIONBoard Recommendation

15

12

Audit Committee Report

13

EXECUTIVE OFFICERS

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CORPORATE GOVERNANCE

15

Corporate Governance Guidelines

15

Board Leadership Structure

15

Director Independence

15

Board and Board Committee Meetings and Attendance

16

Executive Sessions

16

Director Attendance at the Annual Meeting of Shareholders

16

Board Committees

16

Audit Committee

17

Compensation Committee

18

Nominating and Corporate Governance Committee

19

Science and Technology Committee

19

Director Nominations Process

19

Board Diversity

20

Board Role in Risk Oversight

21

Committee Charters and Corporate Governance Guidelines

21

Code of Business Conduct and Ethics

21

Anti-Hedging Policy

22

Communications with the Board

22

EXECUTIVE COMPENSATION

16

22

OVERVIEWOverview

16

22

2021 SUMMARY COMPENSATION TABLE2022 Summary Compensation Table

18

25

NARRATIVE TO SUMMARY COMPENSATION TABLENarrative to Summary Compensation Table

18

25

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-ENDOutstanding Equity Awards at Fiscal Year-End

20

27

EXECUTIVE COMPENSATION ARRANGEMENTSExecutive Compensation Arrangements

20

28

POTENTIAL PAYMENTS UPON A TERMINATION OR A CHANGE IN CONTROLPotential Payments Upon a Termination or a Change in Control

22

29

DIRECTOR COMPENSATION

24

31

OVERVIEWOverview

24

31

2021 DIRECTOR COMPENSATION TABLE2022 Director Compensation Table

25

32

DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORSDeferred Compensation Plan for Non-Employee Directors

25

EQUITY COMPENSATION PLAN INFORMATION

2733

SHARE OWNERSHIP

28

34

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTSecurity Ownership of Certain Beneficial Owners and Management

28

34

CERTAIN TRANSACTIONS WITH RELATED PERSONS

36

Policies and Procedures on Transactions with Related Persons

36

Indemnification Agreements

36

ARE Agreement

37

Debt Financing

37

SHAREHOLDER PROPOSALS AND DIRECTOR NOMINATIONS

30

37

HOUSEHOLDING

30

38

ANNEX A2022 ANNUAL REPORT

A-1

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GraphicGraphic

MeiraGTx Holdings plc

450 East 29thStreet, 14thFloor

New York, New York 10016

PROXY STATEMENT

FOR THE EXTRAORDINARYANNUAL GENERAL MEETING OF SHAREHOLDERS

TO BE HELD ON JANUARY 24,JUNE 8, 2023

This proxy statement (the “Proxy Statement”) isand our annual report for the fiscal year ended December 31, 2022 (the “Annual Report” and, together with the Proxy Statement, the “proxy materials”) are being furnished by and on behalf of the board of directors (the “Board” or the “Board of Directors”) of MeiraGTx Holdings plc (the “Company,” “MeiraGTx,” “we,” “us,” or “our”), in connection with our 2023 Extraordinary General Meetingannual general meeting of Shareholdersshareholders (the “Special“Annual Meeting”).

GENERAL INFORMATION ABOUT THE SPECIALANNUAL MEETING AND VOTING

When and where will the SpecialAnnual Meeting be held?

The SpecialAnnual Meeting will be held on Tuesday, January 24,Thursday, June 8, 2023 at 10:00 a.m., Eastern Time, via live webcast by visiting www.virtualshareholdermeeting.com/MGTX2023SM.MGTX2023.

We are conducting our Special Meeting at www.virtualshareholdermeeting.com/MGTX2023SM via live webcast in response to continued public health and safety concerns posed by the outbreak of the novel coronavirus, or COVID-19, and to support the health and well-being of our shareholders and other meeting participants.

What is the purpose of the SpecialAnnual Meeting?

The purpose of the SpecialAnnual Meeting is to vote on the following items described in this Proxy Statement:

Proposal No. 1: Approval of an amendment and restatementElection of the MeiraGTx Holdings plc 2018 Incentive Award Plan to increase the number of ordinary shares authorized for issuance thereunder (“Proposal No. 1”).director nominees listed in this Proxy Statement.
Proposal No. 2: Approval of anRatification, by ordinary resolution, to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and voteappointment of proxies and if, based uponErnst & Young LLP as our independent registered public accounting firm for the tabulated vote at the time of the Special Meeting, there are insufficient votes to approve Proposal No. 1 (the “Adjournment Proposal”). The Adjournment Proposal is only expected to be presented at the Special Meeting if there are not sufficient votes to approve Proposal No. 1.fiscal year ending December 31, 2023.

Are there any matters to be voted on at the SpecialAnnual Meeting that are not included in this Proxy Statement?

At the date this Proxy Statement went to press, we did not know of any matters to be properly presented at the SpecialAnnual Meeting other than those referred to in this Proxy Statement. If other matters are properly presented at the meeting or any adjournment or postponement thereof for consideration, and you are a shareholder of record and have submitted a proxy card, the persons named in your proxy card will have the discretion to vote on those matters for you.

Why did I receive a notice in the mail regarding the Internet availability of proxy materials instead of a paper copy of proxy materials?

The rules of the Securities and Exchange Commission (the “SEC”) permit us to furnish proxy materials, including this Proxy Statement and the Annual Report, to our shareholders by providing access to such documents on the Internet instead of mailing printed copies. Shareholders will not receive paper copies of the proxy materials unless they request them. Instead, the Notice Regarding the Availability of Proxy Materials (the “Notice and Access Card”) provides instructions on how to access and review on the Internet all of the proxy materials. The Notice and Access Card also instructs you as to how to authorize via the Internet or telephone your proxy to vote your shares according to your voting instructions. If you would like to receive a paper or email copy of our proxy materials, you should follow the instructions for requesting such materials described in the Notice and Access Card.

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What does it mean if I receive more than one Notice and Access Card or more than one set of proxy materials?

It means that your shares are held in more than one account at the transfer agent and/or with banks or brokers. Please vote all of your shares. To ensure that all of your shares are voted, for each set of proxy materials, please submit

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your proxy by phone, via the Internet, or, if you received printed copies of the proxy materials, by signing, dating and returning the enclosed proxy card in the enclosed envelope.

Can I vote my shares by filling out and returning the Notice and Access Card?

No. The Notice and Access Card identifies the items to be voted on at the Annual Meeting, but you cannot vote by marking the Notice and Access Card and returning it. If you would like a paper proxy card, you should follow the instructions in the Notice and Access Card. The paper proxy card you receive will also provide instructions as to how to authorize via the Internet or telephone your proxy to vote your shares according to your voting instructions. Alternatively, you can mark the paper proxy card with how you would like your shares voted, sign the proxy card and return it in the envelope provided.

Who is entitled to vote at the SpecialAnnual Meeting?

Holders of record of our ordinary shares as at the close of business on December 22, 2022April 12, 2023 (the “Record Date”) will be entitled to receive notice of, attend and vote at the SpecialAnnual Meeting and any continuation, postponement or adjournment thereof. At the close of business on the Record Date, there were 48,477,20948,726,401 of our ordinary shares issued and outstanding and entitled to vote. On the basis that voting at the SpecialAnnual Meeting will be conducted by way of a poll, every shareholder present in person, or by remote communication, or by proxy shall have one vote for each ordinary share held on any matter presented to shareholders at the SpecialAnnual Meeting.

What is the difference between being a “record holder” and holding shares in “street name”?

A record holder (also called a “registered holder”) holds shares in his or her name. Shares held in “street name” means that shares are held in the name of a bank, broker or other nominee on the holder’s behalf.

What do I do if my shares are held in “street name”?

If your shares are held in a brokerage account or by a bank or other holder of record, you are considered the “beneficial owner” of shares held in “street name.” The Notice and Access Card or the proxy materials, if you have elected to receive a hard copy, have been forwarded to you by your broker, bank or other nominee who is considered, with respect to those shares, the shareholder of record. As the beneficial owner, you have the right to direct your broker, bank or other holder of record on how to vote your shares by following their instructions for voting. Please refer to information from your bank, broker or other nominee on how to submit your voting instructions.

How many shareholders must be present to hold the SpecialAnnual Meeting in order for there to be a quorum?

A quorum must be present at the SpecialAnnual Meeting in order for any business to be transacted. One or more shareholders holding at least one third of the paid up voting share capital of the Company present in person, or by remote communication, or by proxy and entitled to vote at that meeting shall form a quorum. If you sign and return your paper proxy card or authorize a proxy to vote electronically or telephonically, your shares will be counted to determine whether we have a quorum even if you abstain or fail to vote as indicated in the proxy materials.

Broker non-votes will also be considered present for the purpose of determining whether there is a quorum for the SpecialAnnual Meeting.

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What are “broker non-votes”?

A “broker non-vote” occurs when shares held by a broker in “street name” for a beneficial owner are not voted with respect to a proposal because (1) the broker has not received voting instructions from the shareholder who beneficially owns the shares and (2) the broker lacks the authority to vote the shares at their discretion.

Under current stock exchange interpretations that govern broker non-votes, Proposal No. 1 for the election of directors is considered a non-discretionary matter, and a broker will lack the authority to vote uninstructed shares at their discretion on this proposal. Proposal No. 2 for the ratification, by ordinary resolution, of the appointment of Ernst & Young LLP as our independent registered public accounting firm is considered a discretionary matter, and a broker will be permitted to exercise its discretion to vote uninstructed shares on such proposal.

What if a quorum is not present at the SpecialAnnual Meeting?

Under our Amended and Restated Articles of Association, no business shall be transacted at the SpecialAnnual Meeting unless a quorum of shareholders is present in person, by remote communication or by proxy at the time when the meeting proceeds to business. If a quorum is not present in person, by remote communication or by proxy within half an hour of the scheduled time of the SpecialAnnual Meeting, the SpecialAnnual Meeting shall stand adjourned to the same day in the next week, at the same time and place. If a quorum is not present or represented within half an hour of the scheduled time for the adjourned SpecialAnnual Meeting the shareholders present and entitled to vote at the adjourned SpecialAnnual Meeting, present in person, by remote communication or by proxy, shall form a quorum.

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How do I vote my shares and what are the voting deadlines?

If you are a shareholder of record, there are four ways to vote by proxy:on the proposals:

by Telephone—You can vote by telephone by calling 1-800-690-6903 and following the instructions on the proxy card;
by Internet—You can vote over the Internet at www.proxyvote.comby following the instructions on the Notice and Access Card or proxy card;
by Mail—You can vote by mail by signing, dating and mailing the proxy card which you may have received by mail; or
at the SpecialAnnual Meeting—You can vote your shares during the SpecialAnnual Meeting via the Internet by following the instructions at www.virtualshareholdermeeting.com/MGTX2023SM.MGTX2023. You will need the 16-digit control number provided on your proxy card.

Telephone and Internet voting facilities for shareholders of record will be available 24 hours a day and will close at 11:59 p.m., Eastern Time, on January 23,June 7, 2023.

If your shares are held in the name of a bank, broker or other holder of record, you will receive instructions on how to vote from the bank, broker or holder of record. You must follow the instructions of such bank, broker or holder of record in order for your shares to be voted.

How can I attend and vote at the SpecialAnnual Meeting?

Shareholders as of the close of business on December 22, 2022,April 12, 2023, the record date,Record Date, are entitled to participate in the SpecialAnnual Meeting by visiting www.virtualshareholdermeeting.com/MGTX2023SM MGTX2023and entering the 16-digit control number found on the proxy card.card or Notice Regarding the Availability of Proxy Materials previously received by shareholders. Shareholders may vote and ask questions during the SpecialAnnual Meeting by following the instructions available on the

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meeting website. Guests and shareholders without their 16-digit control number may join the SpecialAnnual Meeting in a listen-only mode, but they will not have the option to vote shares or ask questions during the meeting.

Even if you plan to attend the SpecialAnnual Meeting, we encourage you to vote your shares by proxy. You may still vote your shares at the meeting even if you have previously voted by proxy.

Will there be a question and answer session during the Annual Meeting?Will

We intend to answer appropriate questions submitted during the Annual Meeting and that are pertinent to the Company and the meeting matters. The Company will endeavor to answer as many questions submitted by stockholders as time permits. Only shareholders that have accessed the Annual Meeting as a shareholder (rather than a guest) by following the procedures outlined above in “How can I attend and vote at the Annual Meeting?” will be ablepermitted to submit questions throughduring the webcast?

ShareholdersAnnual Meeting. Each shareholder is limited to no more than two questions. Questions should be succinct and only cover a single topic. Questions from multiple shareholders on the same topic or that are otherwise related will be able to submit theirgrouped, summarized and answered together. We will not address questions electronicallythat are, among other things:

irrelevant to the business of the Company or to the business of the Annual Meeting;
related to pending or threatened litigation;
derogatory references to individuals or that are otherwise in bad taste;
unduly prolonged (longer than two minutes);
substantially repetitious of statements made by other shareholders;
a matter of individual concern that is not a matter of interest to shareholders generally or suggestions for product innovations;
related to personal grievances; or
out of order or not otherwise suitable for the conduct of the Annual Meeting as determined by the Chair of the Annual Meeting or the Secretary in their reasonable judgment.

Additional information regarding the question and answer session will be provided in the “Rules of Conduct” available on the Annual Meeting webpage for shareholders that have accessed the Annual Meeting as a shareholder (rather than a guest) by following the procedures outlined above in “How can I attend and vote at the Annual Meeting?”.

What if during the check in time or during the Annual Meeting, I have technical difficulties or trouble accessing the virtual meeting website?

We will have technicians ready to assist you with any technical difficulties you may have accessing the entire Boardvirtual meeting website. If you encounter any difficulties accessing the virtual meeting website during the check-in or individual directors by visiting www.virtualshareholdermeeting.com/MGTX2023SM. Guests and shareholders without their 16-digit controlmeeting time, please call the technical support number that will not be able to submit questions.posted on the Annual Meeting login page.

How does the Board recommend that I vote?

The Board recommends that you vote:

FOR the approval of an amendment and restatement ofnominees to the MeiraGTx Holdings plc 2018 Incentive Award Plan to increase the number of ordinary shares authorized for issuance thereunder (“Proposal No. 1”).Board set forth in this Proxy Statement.
FORthe approval,ratification, by ordinary resolution, of the adjournmentappointment of Ernst & Young LLP as our independent registered public accounting firm for the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies and if, based upon the tabulated vote at the time of the Special Meeting, there are insufficient votes to approve Proposal No. 1 (the “Adjournment Proposal”). The Adjournment Proposal is only expected to be presented at the Special Meeting if there are not sufficient votes to approve Proposal No. 1.fiscal year ending December 31, 2023.

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How many votes are required to approve each proposal?

The table below summarizes the proposals that will be voted on, the vote required to approve each item and how votes are counted:

Proposal

Votes Required

Voting Options

Impact of
“Withhold”
or “Abstain”
Votes

Broker
Discretionary
Voting
Allowed

Proposal No. 1: Approval by ordinary resolutionElection of an amendment and restatementDirectors

The plurality of the MeiraGTx Holdings plc 2018 Incentive Award Planvotes cast. This means that the three nominees receiving the highest number of affirmative “FOR” votes will be elected as Class II directors.

“FOR ALL”
“WITHHOLD ALL”
“FOR ALL EXCEPT”

None(1)

No(2)

Proposal No. 2: Ratification, by Ordinary Resolution, of the Appointment of Our Independent Registered Public Accounting Firm

The affirmative vote of at least a majority of the votes cast by the holders of the issueda simple majority of our ordinary shares who are present in person, by remote communication, or represented by proxy and entitled to vote thereonvoting at the SpecialAnnual Meeting.(1)(3)

“FOR”
“AGAINST”
“ABSTAIN”

None(2)None(4)

No(3)

Proposal No. 2: Approval, by ordinary resolution, of the Adjournment Proposal(4) 

The affirmative vote of at least a majority of the votes cast by the holders of the issued ordinary shares who are present in person, by remote communication or represented by proxy and entitled to vote thereon at the Special Meeting.(2)

“FOR”
“AGAINST”
“ABSTAIN”

None(2)

No(3)Yes(5)


(1)This assumes voting is conductedVotes that are “withheld” will have the same effect as an abstention and will not count as a vote “FOR” or “AGAINST” a director, because directors are elected by way of a poll and not a show of hands.plurality voting.
(2)A vote marked as an “Abstention” is not considered a vote cast and will, therefore, not affect the outcome of this proposal.
(3)As this proposal is not considered a discretionary matter, brokers lack authority to exercise their discretion to vote uninstructed shares on this proposal.
(4)(3)This Proposal is only expected to be presented at the Special Meeting if there are not sufficient votes to approveFor Proposal No. 1.2, this assumes voting is conducted by way of a poll and not a show of hands.
(4)A vote marked as an “Abstention” is not considered a vote cast and will, therefore, not affect the outcome of this proposal.
(5)As this proposal is considered a discretionary matter, brokers are permitted to exercise their discretion to vote uninstructed shares on this proposal. We do not expect any broker non-votes on this proposal.

What if I do not specify how my shares are to be voted?

If you submit a proxy but do not indicate any voting instructions, the persons named as proxies will vote in accordance with the recommendations of the Board. The Board’s recommendations are set forth above, as well as with the description of each proposal in this Proxy Statement.

Who will count the votes?

Representatives of Broadridge Investor Communications Services (“Broadridge”) will tabulate the votes, and representativesa representative of Broadridge will act as inspectorsinspector of election.

Can I revoke or change my vote after I submit my proxy?

Yes. Whether you have voted by Internet, telephone or mail, if you are a shareholder of record, you may change your vote and revoke your proxy by:

sending a written statement to that effect to the attention of the Secretary at our corporate offices, provided such statement is received no later than January 23,June 7, 2023;

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voting again by Internet or telephone at a later time before the closing of those voting facilities at 11:59 p.m., Eastern Time, on January 23,June 7, 2023;
submitting a properly signed proxy card with a later date that is received no later than January 23,June 7, 2023; or
attending the SpecialAnnual Meeting via the Internet by following the instructions at www.virtualshareholdermeeting.com/MGTX2023SMMGTX2023.

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If you hold shares in street name, you may submit new voting instructions by contacting your bank, broker or other nominee. You may also change your vote or revoke your proxy at the SpecialAnnual Meeting if you obtain a signed proxy from the record holder (broker, bank or other nominee) giving you the right to vote the shares.

Your most recent proxy card or telephone or Internet proxy is the one that is counted. Your attendance at the SpecialAnnual Meeting by itself will not revoke your proxy unless you give written notice of revocation to the Company before your proxy is voted or you vote at the SpecialAnnual Meeting via the webcast.

Who will pay for the cost of this proxy solicitation?

WeThe accompanying proxy is solicited by and on behalf of our Board, whose Notice of Annual General Meeting of Shareholders is attached to this proxy statement, and we will pay the cost of soliciting proxies. Proxies may be solicited on our behalf by directors, officers or employees (for no additional compensation) in person or by telephone, electronic transmission and facsimile transmission. Brokers and other nominees will be requested to solicit proxies or authorizations from beneficial owners and will be reimbursed for their reasonable expenses. We may engage the services of a professional proxy solicitation firm to aid in the solicitation of proxies from certain brokers, bank nominees and other institutional owners. If we hire a professional proxy solicitation firm, we expect our costs for such services would be approximately $15,000.

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PROPOSAL NO. 1 APPROVAL OF THE AMENDMENT AND RESTATEMENT OF THE COMPANY’S 2018 INCENTIVE AWARD PLAN

Overview

We are requesting shareholders approve, by way of ordinary resolution, the amendment and restatement of the MeiraGTx Holdings plc 2018 Incentive Award Plan, (the “2018 Plan”), to increase the number of ordinary shares available for issuance under the 2018 Plan and make a corresponding increase in the number of such shares that may be issued upon exercise of incentive stock options, within the meaning of Section 422 of the Internal Revenue Code of 1986 and the regulations thereunder (the “Code”).

The Board of Directors approved the amendment and restatement of the 2018 Plan on December 22, 2022, subject to and effective upon shareholder approval at the Special Meeting. The 2018 Plan, as amended and restated if this Proposal No. 1 is approved, is described in more detail below. If this Proposal No. 1 is not approved by our shareholders, the amendment and restatement of the 2018 Plan will not become effective, and the 2018 Plan will remain in effect in accordance with its present terms.

Amendment and Restatement of the 2018 Plan

Background

In considering whether to increase the number of ordinary shares available for issuance under the 2018 Plan, the Board of Directors wanted to ensure that adverse changes in the market price of our ordinary shares would not materially interfere with our efforts to retain the service of our existing employees. We have experienced considerable fluctuations in our share price in recent years, which has resulted in our employees holding options with exercise prices significantly above the market price of our ordinary shares (often referred to as “underwater” or “out-of-the-money” options), making the options a less effective means of incentivizing and retaining our employees. Specifically, an aggregate of approximately 3 million options currently outstanding were part of our annual long-term incentive award grants to our employees in January 2020, January 2021 and January 2022 with exercise prices of $20.30, $16.43 and $21.53 per share, respectively. The closing price of our ordinary shares on the Nasdaq Global Select Market was $6.16 on November 30, 2022.

Prior to approving the amendment and restatement of the 2018 Plan, the Board of Directors considered the recommendation of the Compensation Committee, which reviewed an analysis prepared by Total Compensation Solutions (“TCS”), the Company’s compensation consultant, as well as several alternatives to alleviate the competitive compensation and retention headwinds we currently face. The Board of Directors ultimately determined that an increase in the available pool of shares under the 2018 Plan would be the most effective tool in achieving our objective of realigning employee interests with those of our shareholders because it provides a direct and straightforward means of incentivizing employees.

In furtherance of these objectives, in December 2022, the Compensation Committee and Board of Directors approved performance-based long-term incentive and retention awards to Alexandria Forbes, Ph.D., our President and Chief Executive Officer, Richard Giroux, our Chief Financial Officer and Chief Operating Officer, and Stuart Naylor, Ph.D., our Chief Development Officer, in an aggregate maximum amount of 2,666,246 shares, which awards would generally vest if certain performance metrics, as defined below, are met, as well as establishment in concept of a pool of 1,211,930 ordinary shares to be used to grant future long-term incentive and retention awards to other employees (including other executive employees but excluding Drs. Forbes and Naylor and Mr. Giroux) at the Company in amounts and on terms to be determined by the Board of Directors or the Compensation Committee, subject, in each case, to our shareholders approving the amendment and restatement of the 2018 Plan at the Special Meeting.

Certain Executive Awards

The performance-based awards granted to Drs. Forbes and Naylor and Mr. Giroux consist of restricted share units, or RSUs. Each RSU represents the right to receive one ordinary share of the Company upon vesting. The maximum number of ordinary shares that each of Drs. Forbes and Naylor and Mr. Giroux may receive upon vesting of the RSUs if

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all price thresholds (as described below)PROPOSAL NO. 1 ELECTION OF DIRECTORS

Board Size and Structure

In accordance with our Amended and Restated Memorandum and Articles of Association as currently in effect (the “Articles”), the Board has the discretion to fix the minimum and maximum number of directors to serve on our Board and, unless such numbers are achieved are 1,454,316, 242,386fixed, the minimum shall be one and 969,544, respectively. One-thirdthe maximum shall be unlimited. Our Board has not set a maximum, and the Board currently consists of eight directors.

Our Articles provide that the Board be divided into three classes, Class I, Class II and Class III, with staggered, three-year terms. At each annual general meeting of shareholders, the successors to directors whose terms then expire will be elected to serve from the time of election and qualification until the third annual general meeting following election. Each director shall hold office until the expiration of their term, until their successor shall have been duly elected and qualified or until their earlier death, resignation or removal. Generally, vacancies or newly created directorships on the Board will be filled by vote of a majority of the RSUs subject to each award will vest, if at all, upon the later to occur of (i) the first date prior to the third anniversary of the effective date of grant that the average closing price of the Company’s ordinary shares on the Nasdaq Global Select Market for a period of 60 consecutive trading days ending prior to the third anniversary of the effective date of grant equals or exceeds each of $20, $30 and $40 per share and (ii) the second anniversary of the effective date of grant. To the extent a price threshold is not achieved prior to the third anniversary of an award’s effective date of grant, the corresponding portion of the award will generally be forfeited. Additionally,directors then in order to preserve the link between the interests of these executives and those of our shareholders, the executives will be required to hold 100% of the vested shares from these awards, after satisfying the applicable taxes, for at least one-year from the vesting date.

We believe that these performance-based awards to Drs. Forbes and Naylor and Mr. Giroux are aligned with shareholder interests, are important to retain our senior leadership team, and help us continue to grow our business and improve our financial and operating performance, all of which are expected to facilitate the creation of shareholder value. In designing these performance-based awards, the Compensation Committee and Board of Directors was focused on (i) strengthening the long-term incentives for Drs. Forbes and Naylor and Mr. Giroux to achieve extraordinary Company performance and further align the interests of these executives with those of our shareholders; (ii) encouraging Drs. Forbes and Naylor and Mr. Giroux to continue in primary executive leadership positions with us, particularly in light of other opportunities they would likely have if they were to seek other employment, and provide them with incentives to keep them fully focused and engaged on the continued growth of our business for the long-term; (iii) ensuring that Drs. Forbes and Naylor and Mr. Giroux, co-founders of MeiraGTx, maintain beneficial ownership levels in the Company consistent with C-Suite executives who are co-founders and operating executives of comparable companies identified by TCS; and (iv) promoting achievement of our long-term strategic and financial objectives. Additionally, if one or more of the price thresholds outlined above are not achieved during the three-year term, then the corresponding portion of the awards generally would be forfeited.

Since the performance-based awards that have been approved for Drs. Forbes and Naylor and Mr. Giroux exceed the number of shares available for issuance under the 2018 Plan, they were granted subject to our shareholders approving the amendment and restatement of the 2018 Plan at the Special Meeting. Additionally, the grants to Drs. Forbes and Naylor and Mr. Giroux are only effective upon the effectiveness of a Registration Statement on Form S-8 covering such additional shares under the 2018 Plan, which we intend to file following the date of the Special Meeting.

Employee Pool

The additional pool of approximately 1.2 million ordinary shares, or approximately 2.5% of our issued and outstanding shares on the Record Date, is expected to be used primarily for grants of equity-based retention awards to our current employees (including some executive employees but excluding Drs. Forbes and Naylor and Mr. Giroux) most of whom hold underwater options as described above. The future awards from this pool are expected to consist of option and/or RSU awards with 50% of the award vesting on the second anniversary of the grant date and 25% of the award vesting on each of the third and fourth anniversaries of the grant date. Any option awards are expected to have a ten year maximum term and any RSU awards are expected to have a four year vesting schedule. Thus, the maximum potential dilution is expected to occur during the ten year period from the grant date, with no vesting expected to occur until the second anniversary of the grant date. The Board of Directors believes having the initial vesting and payout begin on the second anniversary of the grant date will promote greater retention of our employees. The Board of Directors also believes that future grants to our other employees from this pool of shares will help align employee interests with those of our shareholders and provide employees with a meaningful stake in the long-term performance and success of the Company. However, the amounts and terms of these additional awards are not yet known and will be determinedoffice. A director appointed by the Board of Directors orto fill a vacancy will hold office until the Compensation Committee in its discretion only if and after approvalnext election of the amendment and restatement of the 2018 Plan by our shareholders is obtained.

For ease of reference, we refer belowclass for which such director was chosen, subject to the performance-based awards for Drs. Forbeselection and Naylorqualification of his or her successor and Mr. Giroux thathis or her earlier death, resignation or removal.

Current Directors and Terms

Our current directors and their respective classes and terms are subject to shareholder approval of the amendment and restatement of the 2018 Plan and the pool of approximately 1.2 million ordinary shares that is expected to be used for future grants of employee retention awards collectively as the “Conditional Awards.”

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Additional Shares under the 2018 Plan

In consideration of the factors cited above, and our belief that the ability to continue granting equity compensation is vital to our attracting and retaining employees and facilitating long-term shareholder value creation, including by retaining and incentivizing our executives and other employees, we believe that the amendment and restatement of the 2018 Plan and the size of the share reserve under the 2018 Plan after giving effect to the amendment and restatement are reasonable, appropriate and in the best interests of the Company at this time.

If the shareholders do not approve the amendment and restatement of the 2018 Plan, the Conditional Awards for Drs. Forbes and Naylor and Mr. Giroux and the additional pool of approximately 1.2 million ordinary shares that has been approved in concept to be used for future employee retention awards, in each case, subject to shareholder approval of the amendment and restatement of the 2018 Plan, will not become effective, and the 2018 Plan will remain in effect in accordance with its present terms. However, in this case, we may need to consider alternative compensation structures for our executives and other employees to achieve the objectives for which the Conditional Awards and the 2018 Plan were designed.

Current Shares under the 2018 Plan

The total number of shares reserved for issuance under the 2018 Plan before giving effect to the amendment and restatement equals the sum of (i) 3,054,996 shares, (ii) any ordinary shares that as of the effective date of the 2018 Plan were subject to awards under the MeiraGTx Limited 2016 Equity Incentive Plan (the “2016 Plan”), which are forfeited or lapse unexercised and which are not issued under the 2016 Plan; and (iii) an annual increase on the first day of each calendar year beginning January 1, 2019 and ending on and including January 1, 2028, equal to the lesser of (A) 4% of the aggregate number of shares outstanding on the final day of the immediately preceding calendar year and (B) such smaller number of shares as is determined by the Board of Directors. The annual increase in shares available under the 2018 Plan on each of January 1, 2019, 2020, 2021 and 2022 was 1,095,465, 1,470,421, 1,767,566  and 1,781,957 shares, respectively.

Setset forth below is the number of shares available for issuance pursuant to outstanding and future equity awards under the 2018 Plan as of November 30, 2022:below.

Shares subject to outstanding options (1)Class I Directors with
Current Term Ending at
2025 Annual Meeting

5,766,097Class II Directors with
Current Term Ending at
2023 Annual Meeting

Class III Directors with
Current Term Ending at
2024 Annual Meeting

Shares subject to outstanding RSUs (2)Martin Indyk, Ph.D.

2,182,500Ellen Hukkelhoven, Ph.D.

Alexandria Forbes, Ph.D.

Shares available for issuance pursuant to future awardsThomas E. Shenk, Ph.D.

642,517Nicole Seligman

Keith R. Harris, Ph.D.

Debra Yu, M.D.

Lord Mendoza

(1)Nominees for Director

Ms. Seligman and Drs. Hukkelhoven and Yu have been nominated by the Board to stand for election. As Ms. Seligman and Drs. Hukkelhoven and Yu are directors assigned to Class II, their current term of November 30, 2022, options outstanding underservice will expire at the 2018 Plan hadAnnual Meeting. If elected by the shareholders at the Annual Meeting, Ms. Seligman and Drs. Hukkelhoven and Yu will each serve for a weighted average per share exercise priceterm expiring at our annual general meeting of $15.91shareholders to be held in 2026 (the “2026 Annual Meeting”) and until the election and qualification of her successor or until her earlier death, resignation or removal.

Each person nominated for election has agreed to serve if elected, and we have no reason to believe that any nominee will be unable to serve. If, however, prior to the Annual Meeting, the Board of Directors should learn that any nominee will be unable to serve for any reason, the proxies that otherwise would have been voted for this nominee will be voted for a substitute nominee as selected by the Board. Alternatively, the proxies, at the Board’s discretion, may be voted for a fewer number of nominees that results from the inability of any nominee to serve.

Information About Board Nominees and Continuing Directors

The following pages contain certain biographical information as of April 12, 2023 for each nominee for director and each director whose term as a director will continue after the Annual Meeting, including all positions he or she holds, his or her principal occupation and business experience for the past five years, and the names of other publicly-held companies of which the director or nominee currently serves as a director or has served as a director during the past five years.

We believe that all of our directors and nominees display: personal and professional integrity; satisfactory levels of education and/or business experience; broad-based business acumen; an appropriate level of understanding of our business and its industry and other industries relevant to our business; the ability and willingness to devote adequate

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time to the work of our Board of Directors and its Committees; skills and personality that complement those of our other directors that helps build a board that is effective, collegial and responsive to the needs of our Company; strategic thinking and a weighted average remaining termwillingness to share ideas; a diversity of 7.5 years.experiences, expertise and background; and the ability to represent the interests of all of our shareholders. The information presented below regarding each nominee and continuing director also sets forth specific experience, qualifications, attributes and skills that led our Board of Directors to the conclusion that such individual should serve as a director in light of our business and structure.

(2) AsNominees for Election to Three-Year Terms Expiring No Later than the 2026 Annual Meeting

Class II Directors

Age

Director Since

Current Position(s)
at MeiraGTx

Ellen Hukkelhoven, Ph.D.

36

October 2017

Director

Nicole Seligman

66

May 2019

Director

Debra Yu, M.D.

58

April 2022

Director

Ellen Hukkelhoven, Ph.D. has served as a member of November 30, 2022, the weighted average remaining vesting term for RSUs was 2.7 years.

If this Proposal No. 1 is approved, an additional 3,878,176 shares will become available for issuance under the 2018 Plan, which additional shares will be used to cover the expected employee retention awards to those employees other than Drs. Forbes and Naylor and Mr. Giroux, covering approximately 1.2 million ordinary shares, as wellour Board of Directors since October 2017. Since 2023, Dr. Hukkelhoven has served as the performance-based awardsHead of Biotechnology Investments at Perceptive Advisors, LLC (“Perceptive Advisors”), a leading healthcare investment firm, prior to Drs. Forbeswhich she served as Managing Director from 2018 to 2023 and Naylora Senior Analyst from 2013 to 2018. Dr. Hukkelhoven serves on the boards of directors of Freenome Holdings, Inc., Kindbody and Mr. Giroux. See “AmendmentPartner Therapeutics, Inc. and Restatementis a member of the 2018 Plan” above for additional informationBoard of Advisors of the Columbia University Mailman School of Public Health. Prior to joining Perceptive Advisors in 2013, Dr. Hukkelhoven received a B.A. in molecular biology and finance from Princeton University and a Ph.D. in cancer biology from Memorial Sloan Kettering Cancer Center. Our Board of Directors believes that Dr. Hukkelhoven’s academic and biotechnology investing experience qualifies her to serve as a member of our Board of Directors.

Nicole Seligman has served as a member of our Board of Directors since May 2019. Ms. Seligman was the President of Sony Entertainment, Inc., a multinational entertainment company, from 2014 to 2016 and of Sony Corporation of America from 2012 to 2016. From 2005 through 2014, she served as the global General Counsel of Sony Corporation. She joined Sony in 2001 as Executive Vice President and General Counsel of Sony Corporation of America. Prior to joining Sony, she was a partner in the litigation practice at Williams & Connolly LLP where she worked on a broad range of complex civil and criminal matters and counseled a broad range of clients, including President William Jefferson Clinton and Hillary Clinton. Ms. Seligman served as law clerk to Justice Thurgood Marshall on the Conditional Awards.

SummarySupreme Court of the 2018 Plan

This section summarizes certain principal featuresUnited States from 1984 to 1985 and as law clerk to Judge Harry T. Edwards at the U.S. Court of Appeals for the District of Columbia Circuit from 1983 to 1984. Ms. Seligman currently serves on the boards of directors of Paramount Global (formerly known as ViacomCBS, Inc.) and WPP plc, and served on the boards of directors of Viacom Inc. through December 2019, when it merged with CBS Corp., Far Point Acquisition Corporation and Far Peak Acquisition Corporation. Ms. Seligman received her B.A., magna cum laude, from Harvard College (Radcliffe) and her J.D., magna cum laude, from Harvard Law School, where she was a winner of the 2018 Plan,Sears Prize. Our Board of Directors believes that Ms. Seligman’s extensive experience as amendeda senior executive at a global public company, together with her exceptional achievements in the legal profession and restated subjecther corporate governance expertise, provide her with the qualifications and skills to shareholder approval. The summary is qualifiedserve on our Board of Directors.

Debra Yu, M.D. has served as a member of our Board of Directors since April 2022. Since March 2023, Dr. Yu has served as Chief Operating Officer and Partner of Panacea Venture, a healthcare focused venture capital firm. Prior to that, Dr. Yu served as President and Chief Strategy Officer of LianBio, a biotechnology company, from October 2021 to December 2022, and previously served as LianBio’s President and Chief Business Officer from October 2019 until September 2021. From August 2016 to September 2019, Dr. Yu served as Managing Director and Head of Cross Border Healthcare Investment Banking at China Renaissance Securities (U.S.), a brokerage firm. Prior to that, she was Managing Director of Labrador Advisors, LLC, where she advised numerous partnerships and licensing transactions from May 2009 to June 2016. Earlier in her career, she held senior positions in corporate and business development, where she advised numerous cross-border partnerships and licensing transactions, including at Pfizer in its entirety by reference toWorldwide Business Development organization. Dr. Yu also previously served as a partner at two life science focused venture capital firms in the complete textSan Francisco Bay Area. Dr. Yu currently serves as a member of the amendedboard of directors of ARYA Sciences Acquisition Corp V and restated 2018 Plan, which is attached to this proxy statement as Exhibit A.JW (Cayman) Therapeutics Co. Ltd. (HKG:2126). Dr. Yu received a bachelor’s degree

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Eligibilitywith high honors in molecular biology from Princeton University and Administration

earned a medical degree from Harvard Medical School. Our employees, consultants and directors, and employees and consultants of our subsidiaries, are eligible to receive awards under the 2018 Plan. As of November 30, 2022, approximately 366 employees, 8 non-employee directors and approximately 30 consultants were eligible to receive awards under the 2018 Plan. The 2018 Plan is administered by our Compensation Committee, although the Board of Directors may exercise any powersbelieves Dr. Yu’s extensive biopharmaceutical and responsibilities assignedinvestment experience qualifies her to serve as a member of our Board of Directors.

Class I Directors Whose Terms Expire at the Compensation Committee at any time. The2025 Annual Meeting of Shareholders

Class I Directors

Age

Served as a Director Since

Current Position(s)
with MeiraGTx

Martin Indyk, Ph.D.

71

February 2019

Director

Thomas E. Shenk, Ph.D.

76

June 2015

Director

Martin Indyk, Ph.D. has served as a member of our Board of Directors may also delegate its dutiessince February 2019. Ambassador Indyk is an American diplomat and responsibilities to one or more other committees of our directors and/or officers, subjectpolicy expert who has served in senior positions in the Clinton, George W. Bush and Obama administrations, including at the White House as Special Assistant to the limitations imposed underPresident and Senior Director for Near East and South Asia, and at the U.S. Department of State as Assistant Secretary of State for Near East Affairs, Special Envoy for Israeli-Palestinian Negotiations, and as the U.S. Ambassador to Israel. From 2010 to 2018, Plan, Section 16Ambassador Indyk worked at The Brookings Institution, a non-profit public policy organization, where he was responsible for directing research, expanding the reach of the Exchange Act, stock exchange rulesorganization internationally, and other applicable laws.raising and managing funding for the organization. At The actual administratorBrookings Institution, he served as Executive Vice President from 2015 to 2017, and prior to that as the Vice President and Director of the 2018 Plan is referred to as the “plan administrator” in this Proposal No. 1. The plan administrator has the authority to take all actions and make all determinations under the 2018 Plan, to interpret the 2018 Plan and award agreements and to adopt, amend and repeal rules for the administrationForeign Policy Program. In 2003, Ambassador Indyk was co-founder with Sheikh Hamad bin Jassem al-Thani of the Doha Forum on U.S. Relations with the Islamic World and, from 2004 to 2017, Ambassador Indyk acted as co-founder with Mr. Haim Saban of the Saban Forum on U.S.-Israel Relations. Since October 2018, PlanAmbassador Indyk has served as it deems advisable. The plan administratora Distinguished Fellow at the Council on Foreign Relations, a non-profit think tank specializing in U.S. foreign policy and international affairs. From July 2019 to July 2022, he served as a Senior Adviser at Credit-Suisse Asset Management in a consulting role to provide political risk management and strategic advice. He also has the authorityserved from 2018 to determine which eligible service providers receive awards, grant awards and set the terms and conditions of all awards under the 2018 Plan, including any vesting and vesting acceleration provisions, subject2020 as an Adviser to the conditionschairman of Youngone Corporation, a leading global manufacturer of outdoor/athletic clothing, textiles, footwear and limitations ingear. Ambassador Indyk currently serves as a Senior Advisor to UBS Bank, CSAV Shipping Company and Global Infrastructure Partners. Ambassador Indyk also serves on the 2018 Plan.

Shares Availableboards of several non-profit organizations (including the Lowy Institute for Awards

IfInternational Policy, the amendmentIsrael Institute for National Security Studies and restatementthe Israel Policy Forum, and he chairs the Middle East Investment Initiative of the 2018 Plan is approved,Aspen Institute). Ambassador Indyk received a Bachelor of Economics (with honors) from the numberUniversity of ordinary shares reserved for issuance underSydney and a Ph.D. in International Relations from the 2018 Plan will be equalAustralian National University. Our Board of Directors believes that Ambassador Indyk’s expertise and experience in public service, navigating contentious issues and managing complex organizations provides him with the qualifications and skills to the sum of (i) 6,933,172 shares and (ii) any ordinary shares that as of the effective date of the 2018 Plan were subject to awards under the 2016 Plan which are forfeited or lapse unexercised and which are not issued under the 2016 Plan. As of November 30, 2022, there were 1,170,355 shares subject to awards outstanding under the 2016 Plan. The number of shares available for issuance under the 2018 Plan will be increasedserve on January 1 of each calendar year until and including 2028 by an amount equal to the lesser of (A) 4% of the ordinary shares outstanding on the final day of the immediately preceding calendar year and (B) a smaller number of shares determined by our Board of Directors. No more than 20,426,073 ordinary shares may be issued under

Thomas E. Shenk, Ph.D. has served as a member of our Board of Directors since June 2015. Dr. Shenk was the 2018 Plan uponJames A. Elkins Jr. Professor of Life Sciences in the exerciseDepartment of incentive stock options. Shares issued under the 2018 Plan may be authorized but unissued shares, shares purchasedMolecular Biology at Princeton University from 1984 to 2021, when he became Professor of Life Sciences, Emeritus. Dr. Shenk served on the open market or treasury shares.

If an award underboard of directors of Merck and Co., Inc., a pharmaceutical company, from 2001 to 2012. Dr. Shenk also served on the board of directors of each of Vical Incorporated and Kadmon Holdings, Inc. until August 2019 and June 2018, Plan or the 2016 Plan, expires, lapses or is terminated, exchanged for cash, surrendered, repurchased, canceled without havingrespectively. Dr. Shenk has been fully exercised or forfeited, any unused shares subjectelected to the award will, as applicable, become or again be available for new grants under the 2018 Plan.

Awards

The 2018 Plan provides for the grant of options, including incentive stock options, or ISOs, and nonqualified options, or NSOs, share appreciation rights, or SARs, restricted shares, dividend equivalents, RSUs, and other share or cash based awards. Certain awards under the 2018 Plan may constitute or provide for payment of “nonqualified deferred compensation” under Section 409Amembership in each of the Code. All awards underU.S. National Academy of Sciences, the 2018 Plan are set forthU.S. National Academy of Medicine and the American Philosophical Society. He received a B.S. from the University of Detroit and a Ph.D. from Rutgers University. Our Board of Directors believes Dr. Shenk’s expertise and experience serving as a director in award agreements, which detail the termspharmaceutical sector and conditionshis academic background provides him with the qualifications and skills to serve on our Board of awards, including any applicable vesting and payment terms and post-termination exercise limitations. A brief descriptionDirectors.

Class III Directors Whose Terms Expire at the 2024 Annual Meeting of each award type follows.Shareholders

Options

Class III Directors

Age

Director Since

Current Position(s) at MeiraGTx

Alexandria Forbes, Ph.D.

58

March 2015

President and SARs. Options provide for the purchase of our ordinary shares in the future at an exercise price set on the grant date. ISOs, by contrast to NSOs, may provide tax deferral beyond exerciseChief Executive Officer and favorable capital gains tax treatment to their holders if certain holding period and other requirementsDirector

Keith R. Harris, Ph.D.

70

June 2015

Chairman of the Code are satisfied. SARs entitle their holder, upon exercise, to receive from us an amount equal to the appreciation of the shares subject to the award between the grant date and the exercise date. The plan administrator determines the number of shares covered by each option and SAR, the exercise price of each option and SAR and the conditions and limitations applicable to the exercise of each option and SAR. The exercise price of an option or SAR will not be less than 100% of the fair market value of the underlying share on the grant date (or 110% in the case of ISOs granted to certain significant shareholders), except with respect to certain substitute awards granted in connection with a corporate transaction. The term of an option or SAR may not be longer than ten years (or five years in the case of ISOs granted to certain significant shareholders).Board

Lord Mendoza

63

June 2015

Director

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Restricted Shares and RSUs. A restricted share is an award of nontransferable ordinary shares that remain forfeitable unless and until specified conditions are met and which may be subject to a purchase price. RSUs are contractual promises to deliver ordinary shares in the future, which may also remain forfeitable unless and until specified conditions are met and may be accompanied by the right to receive the equivalent value of dividends paid on ordinary shares prior to the delivery of the underlying shares. The plan administrator may provide that the delivery of the shares underlying RSUs will be deferred on a mandatory basis or at the election of the participant. The terms and conditions applicable to restricted shares and RSUs will be determined by the plan administrator, subject to the conditions and limitations contained in the 2018 Plan.
Other Share or Cash Based Awards. Other share or cash based awards are awards of cash, fully vested ordinary shares and other awards valued wholly or partially by referring to, or otherwise based on, our ordinary shares or other property. Other share or cash based awards may be granted to participants and may also be available as a payment form in the settlement of other awards, as standalone payments and as payment in lieu of compensation to which a participant is otherwise entitled. The plan administrator will determine the terms and conditions of other share or cash based awards, which may include any purchase price, performance goal, transfer restrictions and vesting conditions.

Performance Criteria

The plan administrator may select performance criteriaAlexandria Forbes, Ph.D. has served as our President, Chief Executive Officer and member of our Board of Directors since March 2015. Prior to founding MeiraGTx, Dr. Forbes served as Senior Vice President of Commercial Operations at Kadmon Holdings, Inc., a biopharmaceutical company, from September 2013 to April 2015, and served as a member of its board of directors until June 2018. Prior to Kadmon Holdings, Inc., Dr. Forbes spent eleven years as a public markets healthcare investor responsible for an awardinvestments in biotechnology, specialty pharmaceuticals and diagnostics companies and was portfolio manager of the Sivik Global Life Science Fund. Before entering the hedge fund industry, Dr. Forbes was a Human Frontiers/Howard Hughes postdoctoral fellow at the Skirball Institute of Biomolecular Medicine at NYU Langone Medical Center from March 1997 to establish performance goals forSeptember 2000. Prior to this, Dr. Forbes was a performance period. Performance criteria underresearch fellow at Duke University, and also at the 2018 Plan may include, but are not limitedCarnegie Institute at Johns Hopkins University. Dr. Forbes is also a member of the Emerging Companies Section and Health Section Governing Boards of the Biotechnology Innovation Organization (BIO) and serves as a Trustee and Director of the Hilary and Galen Weston Foundation, the European arm of the Weston Brain Institute, a charity supporting research into neurodegenerative diseases with the aim of speeding the time to the following: net earnings or losses (either before or after one or moredevelopment of interest, taxes, depreciation, amortization,disease modifying treatments for these currently intractable diseases, particularly Alzheimer’s disease. Dr. Forbes received an M.A. in Natural Sciences from Cambridge University and non-cash equity-based compensation expense); gross or net sales or revenue or sales or revenue growth; net income (either before or after taxes) or adjusted net income; profits (including but not limited to gross profits, net profits, profit growth, net operation profit or economic profit), profit return ratios or operating margin; budget or operating earnings (either before or after taxes or before or after allocation of corporate overhead and bonus); cash flow (including operating cash flow and free cash flow or cash flow return on capital); return on assets; return on capital or invested capital; cost of capital; return on shareholders’ equity; total shareholder return; return on sales; costs, reductionsa Ph.D. in costs and cost control measures; expenses; working capital; earnings or loss per share; adjusted earnings or loss per share; price per share or dividends per share (or appreciation in or maintenance of such price or dividends); regulatory achievements or compliance; implementation, completion or attainment of objectives relating to research, development, regulatory, commercial, or strategic milestones or developments; market share; economic value or economic value added models; division, group or corporate financial goals; customer satisfaction/growth; customer service; employee satisfaction; recruitment and maintenance of personnel; human resources management; supervision of litigation and other legal matters; strategic partnerships and transactions; financial ratios (including those measuring liquidity, activity, profitability or leverage); debt levels or reductions; sales-related goals; financing and other capital raising transactions; cash on hand; acquisition activity; investment sourcing activity; and marketing initiatives, any of which may be measured in absolute terms or as compared to any incremental increase or decrease. Such performance goals also may be based solely by reference to the Company’s performance or the performance of a subsidiary, division, business segment or business unit of the Company or a subsidiary, or based upon performance relative to performance of other companies or upon comparisons of any of the indicators of performance relative to performance of other companies. When determining performance goals, the plan administrator may provide for exclusion of the impact of an event or occurrence which the plan administrator determines should appropriately be excluded, including, without limitation, non-recurring charges or events, acquisitions or divestitures, changes in the corporate or capital structure, events unrelated to the business or outside of the control of management, foreign exchange considerations, and legal, regulatory, tax or accounting changes.

Certain Transactions

In connection with certain corporate transactions and events affecting our ordinary shares, including a change in control, or change in any applicable laws or accounting principles, the plan administrator has broad discretion to take action under the 2018 Plan to prevent the dilution or enlargement of intended benefits, facilitate the transaction or event or give effect to the change in applicable laws or accounting principles. This includes canceling awards for cash or property, accelerating the vesting of awards, providing for the assumption or substitution of awards by a successor entity, adjusting the number and type of shares subject to outstanding awards and/or with respect to which awards may be granted

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under the 2018 Plan and replacing or terminating awards under the 2018 Plan. In addition, in the event of certain non-reciprocal transactions with our shareholders, the plan administrator will make equitable adjustments to the 2018 Plan and outstanding awards as it deems appropriate to reflect the transaction.

Plan Amendment and Termination

Molecular Genetics from Oxford University. Our Board of Directors may amend or terminate the 2018 Plan at any time; however, no amendment, other than an amendment that increases the number of shares available under the 2018 Plan, may materiallybelieves Dr. Forbes’ extensive academic and adversely affect an award outstanding under the 2018 Plan without the consentclinical experience, as well as her knowledge of the affected participant and shareholder approval will be obtained for any amendmentindustry, qualifies her to the extent necessary to comply with applicable laws. The 2018 Plan will remain in effect until May 25, 2028, the tenth anniversaryserve on our Board of the date theDirectors.

Keith R. Harris, Ph.D. has served as a member of our Board of Directors originally adopted the 2018 Plan, unless earlier terminated by the Boardsince June 2015 and has served as chairman of Directors. No awards may be granted under the 2018 Plan after its termination.

No Repricings without Shareholder Approval

The plan administrator cannot, without the approval of our shareholders, amend any outstanding option or SAR to reduce its price per share.

Non-US Participants, Claw-Back Provisions, Transferability and Participant Payments

The plan administrator may modify awards granted to participants who are non-US nationals or employed outside the United States or establish subplans or procedures to address differences in laws, rules, regulations or customs of such jurisdictions outside the United States. All awards will be subject to any company claw-back policy as set forth in such claw-back policy or the applicable award agreement. Except as the plan administrator may determine or provide in an award agreement, awards under the 2018 Plan are generally non-transferrable, except by will or the laws of descent and distribution, or, subject to the plan administrator’s consent, pursuant to a domestic relations order, and are generally exercisable only by the participant. With regard to tax withholding obligations arising in connection with awards under the 2018 Plan, and exercise price obligations arising in connection with the exercise of options under the 2018 Plan, the plan administrator may, in its discretion, accept cash, wire transfer or check, our ordinary shares that meet specified conditions, a promissory note, a “market sell order,” such other consideration as the plan administrator deems suitable or any combination of the foregoing.

Interests of Certain Persons in the Amendment and Restatement of the 2018 Plan

In considering the recommendation of the Board with respect to the approval of the amendment and restatement of the 2018 Plan, shareholders should be aware that, as discussed above, non-employee directors and executive officers are eligible to receive awards under the amended and restated 2018 Plan, including the Conditional Awards described above. The Board recognizes that approval of this proposal may benefit our non-employee directors and executive officers and their successors.

Federal Income Tax Consequences

The following is general summary as of this date of the federal income tax consequences to us and to U.S. participants for awards granted under the 2018 Plan. The federal tax laws may change and the federal, state and local tax consequences for any participant will depend upon his or her individual circumstances. Tax consequences for any particular individual may be different. This summary does not purport to be complete, and does not discuss state, local or non-U.S. tax consequences.

Non-Qualified Options. The grant of a non-qualified option under the 2018 Plan is not expected to result in any federal income tax consequences to the participant or to the Company. Generally, upon exercise of a non-qualified option, the participant will realize ordinary income, and the Company will be entitled to a tax deduction, in an amount equal to the difference between the option exercise price and the fair market value of the shares at the time of exercise.

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Incentive Stock Options. The grant or exercise of an ISO under the 2018 Plan is not expected to result in any federal income tax consequences to the participant or to the Company. However, the amount by which the fair market value of the shares at the time of exercise exceeds the option price will be an “item of adjustment” for participants for purposes of the alternative minimum tax, unless the shares are sold or otherwise disposed of in the same year the ISO is exercised. Gain realized by participants on the sale of shares underlying an ISO is taxable at capital gains rates, and no tax deduction is available to the Company, unless the participant disposes of the shares within (i) two years after the date of grant of the option or (ii) within one year of the date the shares were transferred to the participant. If the shares are sold or otherwise disposed of before the end of the one-year and two-year periods specified above, the difference between the option exercise price and the fair market value of the shares on the date of the option’s exercise (or the date of sale, if less) will be taxed at ordinary income rates, and the Company will be entitled to a deduction to the extent that the participant must recognize ordinary income.

Share Appreciation Rights. The grant of a share appreciation right under the 2018 Plan is not expected to result in any federal income tax consequences to either the participant or the Company. Generally, upon exercise of the share appreciation right, the fair market value of the shares received, determined on the date of exercise of the share appreciation right, or the amount of cash received in lieu of shares, will be treated as compensation taxable as ordinary income to the participant in the year of such exercise. The Company will be entitled to a deduction for compensation paid in the same amount which the participant realized as ordinary income.

Restricted Shares. A participant generally will not have taxable income on the grant of restricted shares under the 2018 Plan, nor will the Company then be entitled to any deduction, unless the participant makes a valid election under Section 83(b) of the Code. However, when restrictions on restricted shares lapse, such that the shares are no longer subject to a substantial risk of forfeiture, the participant generally will recognize ordinary income, and the Company will be entitled to a corresponding deduction, for an amount equal to the difference between the fair market value of the shares at the date such restrictions lapse over the purchase price for the restricted shares.

Restricted Share Units. A participant generally will not realize taxable income at the time of the grant of RSUs under the 2018 Plan, and the Company will not be entitled to a deduction at that time. When RSUs are settled, whether in cash or shares, the participant will have ordinary income, and the Company will be entitled to a corresponding deduction.

Share Awards. If a participant receives a share award under the 2018 Plan in lieu of a cash payment that would otherwise have been made, the participant generally will be taxed as if the cash payment has been received, and the Company will have a deduction in the same amount.

Dividend Equivalents. A participant generally will not realize taxable income at the time of the grant of dividend equivalents under the 2018 Plan, and the Company will not be entitled to a deduction at that time. When a dividend equivalent is paid, the participant will recognize ordinary income, and the Company will be entitled to a corresponding deduction.

Application of Section 409A of the Code. Section 409A of the Code imposes an additional 20% tax and interest on an individual receiving non-qualified deferred compensation under a plan that fails to satisfy certain requirements. For purposes of Section 409A, “non-qualified deferred compensation” includes equity-based incentive programs, including some options, share appreciation rights and RSU programs. Generally speaking, Section 409A does not apply to ISOs, non-discounted non-qualified options and share appreciation rights if no deferral is provided beyond exercise, or restricted shares.

The awards made pursuant to the 2018 Plan are expected to be designed in a manner intended to comply with the requirements of Section 409A to the extent the awards granted under the 2018 Plan are not exempt from Section 409A. However, if the 2018 Plan fails to comply with Section 409A in operation, a participant could be subject to the additional taxes and interest.

Limitations on the Company’s Compensation Deduction. Section 162(m) of the Code limits the deduction certain employers may take for otherwise deductible compensation payable to certain current and former executive officers of the Company to the extent the compensation paid to such an officer for the year exceeds $1 million.

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Plan Benefits

Other than with respect to the Conditional Awards that have been approved for Drs. Forbes and Naylor and Mr. Giroux as described above under “Amendment and Restatement of the 2018 Plan – Certain Executive Awards”, which are subject to approval of the amendment and restatement of the 2018 Plan by our shareholders at the Special Meeting, and awards that will be made automatically under our non-employee director compensation program as described in the footnote to the New Plan Benefits Table below, the benefits or amounts that may be received or allocated to participants under the 2018 Plan are subject to the discretion of the Compensation Committee or the Board of Directors since February 2018. Dr. Harris is a London-based investment banker and are notfinancier with a 35-year career as a senior corporate finance and takeover advisor. Since 1999, Dr. Harris has been the chairman of Keith Harris & Associates, a sports and financial consulting firm. Dr. Harris previously served as Chief Executive Officer of HSBC Investment Bank from 1994 to 1999 and Seymour Pierce Holdings Limited, a subsidiary of which, Seymour Pierce Limited, was acquired in a pre-paid administration under United Kingdom (“U.K.”) law in 2013. Dr. Harris currently determinable. However, as described above,serves on the Compensation Committeeboards of directors of Rural Broadband Solutions Holdings (private), Semper Fortis Esports plc, Global Connectivity PLC and vTv Therapeutics Inc. Dr. Harris received a B.Sc. in business and economics (1st Class Honours) from the University of Bradford and a Ph.D. in Economics from the University of Surrey and in October 2022 became an Honorary Professor of Durham University. Our Board of Directors believes that Dr. Harris’ financial knowledge and experience qualifies him to serve as a member of our Board of Directors.

Lord Mendoza has approved in conceptserved as a poolmember of approximately 1.2 million ordinary shares that we anticipate will be used for future employee retention awards (including awards to executive employees but excluding Drs. Forbes and Naylor and Mr. Giroux) the amounts and terms of which are not yet known and that will be determined and approved by theour Board of Directors or the Compensation Committee in its discretion if shareholders approve the amendment and restatementsince June 2015. Lord Mendoza is Provost of Oriel College, Oxford University. He has been a member of the 2018 Plan.

The following table sets forth, with respectHouse of Lords since October 2020. In 1986, Lord Mendoza founded the custom marketing and publishing agency Forward, subsequently renamed Bookmark Content and Communications, a subsidiary of WPP plc. Lord Mendoza served from 2016 to the individuals and groups identified therein, the benefits and amounts that are currently determinable and that will be deemed granted with respect to the Conditional Awards if the amendment and restatement2020 as a non-executive director of the 2018 Plan is approved byDepartment of Digital Culture, Media & Sport within the shareholders,United Kingdom government and since 2020 has served as the Registration Statement on Form S-8 becomes effective,Commissioner for Cultural Recovery and Renewal within that Department. Lord Mendoza also served as the awards that will be made automatically under our non-employee director compensation program irrespectivechairman of whether the amendment and restatement of the 2018 Plan is approved by the shareholders. The table below does not include awards that we anticipate will be madeVictoria Private Investment Office, a London-based investment advisory firm, from the pool of approximately 1.2 million ordinary shares that has been approved2010 to 2018. He received an M.A. in concept by the Compensation Committee and is expected to be used for future retention award grants to our employees (including executive employees but excluding Drs. Forbes and Naylor and Mr. Giroux) because the amounts and terms of such awards are subject to the discretion of the Compensation Committee or theGeography from Oxford University. Our Board of Directors believes Lord Mendoza’s extensive experience with investments and have not yet been determined.public service provides him with the qualifications and skills to serve on our Board of Directors.

New Plan Benefits

MeiraGTx Holdings plc 2018 Incentive Award Plan

    

    

Number of

Dollar Value

Shares

Name and Position

($)

(#)

Named Executive Officers:

 

  

 

  

Alexandria Forbes, Ph.D., President and Chief Executive Officer

 

8,958,587

(1)

1,454,316

Richard Giroux, Chief Financial Officer and Chief Operating Officer

 

5,972,391

(1)

969,544

Robert K. Zeldin, M.D., Chief Medical Officer

 

 

All Current Executive Officers as a Group (5 persons)

 

16,424,075

(1)

2,666,246

All Current Non-Executive Directors as a Group (8 persons)

 

1,540,000

(2)

250,000

All Current Non-Executive Officer Employees as a group (361 persons)

 

 


(1)Amounts shown represent the value of the Conditional Awards granted to Drs. Forbes and Naylor and Mr. Giroux, as applicable, based on the closing price of our ordinary shares on the Nasdaq Global Select Market of $6.16 on November 30, 2022. One-third of each award will vest, if at all, upon the later to occur of (i) the first date prior to the third anniversary of the effective date of grant that the average closing price of the Company’s ordinary shares on the Nasdaq Global Select Market for a period of 60 consecutive trading days ending prior to the third anniversary of the effective date of grant equals or exceeds each of $20, $30 and $40 per share and (ii) the second anniversary of the effective date of grant. To the extent a price threshold is not achieved prior to the third anniversary of an award’s effective date of grant, the corresponding portion of the award will generally be forfeited. The awards are subject to accelerated vesting upon a change of control.
(2)The number of shares represents the annual option awards and RSUs for our non-executive directors to be granted under our non-employee director compensation program. If a non-employee director has served on our Board of Directors for at least six months as of the date of an annual meeting of shareholders, and will continue to serve as a

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non-employee director immediately following such meeting, each non-employee director will receive on the date of the annual meeting (i) in the case of a non-employee director serving as chairman of the Board, an option to purchase 20,000 ordinary shares and 20,000 restricted share units and (ii) in the case of all other non-employee directors, an option to purchase 15,000 ordinary shares and 15,000 restricted share units. In addition, each non-employee director is granted an option to purchase 50,000 ordinary shares upon the director’s initial election or appointment to our Board. In accordance with applicable SEC guidance, the dollar value represents the value of the annual RSUs based on the closing price of our ordinary shares on the Nasdaq Global Select Market of $6.16 on November 30, 2022. The Board of Directors may from time to time modify the non-employee director compensation program in accordance with its terms.

Additional Prior Award Information

The following table sets forth, with respect to the individuals and groups identified therein, the number of ordinary shares subject to options and RSUs that have been granted to such individuals and groups under the 2018 Plan through November 30, 2022:

    

    

Shares Subject to

 Time-Based 

Shares Subject to

Restricted Share Units

Options (Vested and

 (Vested and Unvested) 

Name and Position

Unvested) (1)

(1)

Named Executive Officers

  

  

Alexandria Forbes, Ph.D., President and Chief Executive Officer

195,000

565,000

Richard Giroux, Chief Financial Officer and Chief Operating Officer

145,000

460,000

Robert K. Zeldin, M.D., Chief Medical Officer

220,000

220,000

All Current Executive Officers as a Group (5 persons)

 

835,000

 

1,700,000

All Current Non-Executive Directors as a Group (8 persons)

 

670,000

 

220,000

Director Nominees

 

 

Each associate of any such directors, executive officers or nominees

 

 

Each other person who received or is to receive 5 percent of such options, warrants or rights

 

 

All Non-Executive Officer Employees as a Group (258 persons)

 

3,842,206

 

445,000


(1)Share numbers shown do not take into account shares subject to awards that have been exercised, vested, cancelled, forfeited or expired unexercised. The closing price per ordinary share on the Nasdaq Global Select Market on November 30, 2022 was $6.16.

Board Recommendation

The Board of Directors unanimously recommends a vote FOR the approvalelection of an amendmenteach of Ellen Hukkelhoven, Ph.D., Nicole Seligman and restatement ofDebra Yu, M.D. as a Class II director to hold office until the 2018 Plan.2026 Annual Meeting and until her successor has been duly elected and qualified.

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PROPOSAL NO. 2 THE ADJOURNMENT PROPOSALRATIFICATION OF APPOINTMENT OF INDEPENDENT

REGISTERED PUBLIC ACCOUNTING FIRM

Appointment of Independent Registered Public Accounting FirmOverview

The Audit Committee appoints our independent registered public accounting firm. In this regard, the event thatAudit Committee evaluates the numberqualifications, performance and independence of Ordinary Shares presentour independent registered public accounting firm and determines whether to re-engage our current firm. As part of its evaluation, the Audit Committee considers, among other factors, the quality and efficiency of the services provided by the firm, including the performance, technical expertise, industry knowledge and experience of the lead audit partner and the audit team assigned to our account; the overall strength and reputation of the firm; the firm’s global capabilities relative to our business; and the firm’s knowledge of our operations. Ernst & Young LLP has served as our independent registered public accounting firm since 2016. Neither the accounting firm nor any of its members has any direct or indirect financial interest in person,or any connection with us in any capacity other than as our auditors and providing audit and permissible non-audit related services. Upon consideration of these and other factors, the Audit Committee has appointed Ernst & Young LLP to serve as our independent registered public accounting firm for the year ending December 31, 2023.

Although ratification is not required by remote communicationour Articles or represented by proxy at the Special Meeting and voting “FOR” Proposal No. 1 are insufficient to approve the proposal, the Company may move to adjourn the Special Meeting in order to enableotherwise, the Board is submitting the selection of Ernst & Young LLP to solicit additional proxies in favor of Proposal No. 1. In that event, the Company will ask itsour shareholders to vote only upon the Adjournment Proposal and notfor ratification because we value our shareholders’ views on the other proposal discussed in this Proxy Statement.

ConsequenceCompany’s independent registered public accounting firm and it is a good corporate governance practice. If our shareholders do not ratify the selection, the Audit Committee and the Board of Directors will reconsider such appointment. Even if the Adjournment Proposalselection is not Approved

Ifratified, the Adjournment Proposal is not approved by our shareholders, our BoardAudit Committee, in its discretion, may notselect a different independent registered public accounting firm at any time during the year if it determines that such a change would be able to adjourn the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of Proposal No. 1.

Vote Required for Approval

The approval of the Adjournment Proposal requires the affirmative vote of the holders of a simple majority of our ordinary shares present in person, by remote communication, or by proxy and voting at the Special Meeting. Abstentions and broker non-votes will have no effect on this proposal, assuming that a quorum is present. One or more shareholders holding at least one third of the paid up voting share capitalbest interests of the Company presentand its shareholders.

Representatives of Ernst & Young LLP are expected to attend the Annual Meeting and to have an opportunity to make a statement as they may desire and be available to respond to appropriate questions from shareholders.

Audit, Audit-Related, Tax and All Other Fees

The table below sets forth the aggregate fees billed to MeiraGTx for services related to the fiscal years ended December 31, 2022 and 2021, by Ernst & Young LLP, our independent registered public accounting firm.

Year Ended December 31, 

    

2022

    

2021

Audit Fees(1)

$

1,003,219

$

661,376

Audit‑Related Fees

 

 

Tax Fees(2)

 

779,136

 

687,185

All Other Fees

 

 

$

1,782,355

$

1,348,561


(1)Audit fees for 2022 and 2021 consisted of professional services rendered for the audits of our financial statements, including the review of our quarterly financial statements and services rendered in connection with registration statement filings.
(2)Tax fees for 2022 and 2021 consisted of professional services rendered for corporate tax compliance and tax advisory services.

Pre-Approval Policies and Procedures

The formal written charter for our Audit Committee requires that the Audit Committee, or the chairman of the Audit Committee, pre-approve all audit services to be provided to us, whether provided by our principal auditor or other firms, and all other services (review, attest and non-audit) to be provided to us by our independent registered public

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accounting firm in person,accordance with the Company’s audit services pre-approval policy (as amended from time to time), other than de minimis non-audit services approved in accordance with applicable SEC rules.

The Audit Committee has adopted a pre-approval policy that sets forth the procedures and conditions pursuant to which audit and non-audit services proposed to be performed by our independent registered public accounting firm may be pre-approved. This pre-approval policy generally provides that the Audit Committee will not engage an independent registered public accounting firm to render any audit, audit-related, tax or permissible non-audit service unless the service is either (i) explicitly approved by remote communication,the Audit Committee or (ii) entered into pursuant to the pre-approval policies and procedures described in the pre-approval policy. Unless a type of service to be provided by proxyour independent registered public accounting firm has received this latter general pre-approval under the pre-approval policy, it requires specific pre-approval by the Audit Committee.

On an annual basis, the Audit Committee reviews and entitledgenerally pre-approves the services (and related fee levels or budgeted amounts) that may be provided by the Company’s independent registered public accounting firm without first obtaining specific pre-approval from the Audit Committee. The Audit Committee may revise the list of general pre-approved services from time to votetime, based on subsequent determinations. Any member of the Audit Committee to whom the Committee delegates authority to make pre-approval decisions must report any such pre-approval decisions to the Audit Committee at its next scheduled meeting. If circumstances arise where it becomes necessary to engage the meeting shall form a quorum.independent registered public accounting firm for additional services not contemplated in the original pre-approval categories or above the pre-approved amounts, the Audit Committee requires pre-approval for such additional services or such additional amounts.

The services provided to us by Ernst & Young LLP in 2021 and 2022 were provided in accordance with our pre-approval policies and procedures, as applicable.

Board Recommendation

The Board of Directors unanimously recommends a vote FORthe Adjournment Proposal.ratification, by ordinary resolution, of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023.

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Audit Committee Report

The Audit Committee operates pursuant to a charter which is reviewed annually by the Audit Committee. Additionally, a brief description of the primary responsibilities of the Audit Committee is included in this Proxy Statement under the discussion of “Corporate Governance—Audit Committee.” Under the Audit Committee charter, management is responsible for the preparation, presentation and integrity of the Company’s financial statements, the application of accounting and financial reporting principles and our internal controls and procedures designed to assure compliance with accounting standards and applicable laws and regulations. The independent registered public accounting firm is responsible for auditing our financial statements and expressing an opinion as to their conformity with accounting principles generally accepted in the United States.

In the performance of its oversight function, the Audit Committee reviewed and discussed with management and Ernst & Young LLP, as the Company’s independent registered public accounting firm, the Company’s audited financial statements for the fiscal year ended December 31, 2022. The Audit Committee also discussed with the Company’s independent registered public accounting firm the matters required to be discussed by applicable requirements of the Public Company Accounting Oversight Board (the “PCAOB”) and the Securities and Exchange Commission. In addition, the Audit Committee received and reviewed the written disclosures and the letters from the Company’s independent registered public accounting firm required by applicable requirements of the PCAOB, regarding such independent registered public accounting firm’s communications with the Audit Committee concerning independence, and discussed with the Company’s independent registered public accounting firm their independence from the Company.

Based upon the review and discussions described in the preceding paragraph, the Audit Committee recommended to the Board that the Company’s audited financial statements be included in its Annual Report on Form 10‑K for the fiscal year ended December 31, 2022 filed with the SEC.

Submitted by the Audit Committee of the Company’s Board of Directors:

Keith R. Harris, Ph.D. (Chair)
Nicole Seligman
Thomas E. Shenk, Ph.D.

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EXECUTIVE OFFICERS

The table below identifies and sets forth certain biographical and other information regarding our current executive officers. There are no family relationships among any of our executive officers or directors.

Executive Officer

Age

Position

In Current
Position Since

Alexandria Forbes, Ph.D.

58

President and Chief Executive Officer and Director

March 2015

Richard Giroux

50

Chief Operating Officer and Chief Financial Officer

March 2015 and April 2019, respectively

Stuart Naylor, Ph.D.

60

Chief Development Officer

April 2015

Robert K. Zeldin, M.D.

60

Chief Medical Officer

August 2020

Robert J. Wollin

47

General Counsel and Secretary

June 2020

See page 10 of this Proxy Statement for Dr. Forbes’ biography.

Richard Giroux has served as our Chief Operating Officer since March 2015 and our Chief Financial Officer since April 2019. Mr. Giroux joined MeiraGTx from Sarissa Capital Management LP, an activist healthcare hedge fund, where he was a partner from March 2014 to March 2015. Prior to Sarissa Capital Management LP, Mr. Giroux was a founding partner and healthcare portfolio manager of Meadowvale Partners, a multi-strategy hedge fund, from January 2010 until June 2012. Prior to Meadowvale Partners, he was a partner at Sivik Global Healthcare (formerly Argus Partners), a healthcare hedge fund, from August 2001 to November 2008. Prior to that, from 1996 to 2001, he worked at investment banks Salomon Smith Barney and Goldman Sachs. Mr. Giroux received a B.A. in Economics from Yale University.

Stuart Naylor, Ph.D. has served as our Chief Development Officer since April 2015 and served as a member of our Board of Directors from April 2015 through May 2019. From April 2015 to April 2016, Dr. Naylor was Chief Executive Officer of Athena Vision Limited, a biotechnology company. From June 2013 to April 2015, Dr. Naylor served as managing director of Coltivare Ltd., a healthcare consulting company. From 2008 to 2013, Dr. Naylor was Executive Director and Chief Scientific Officer of Oxford BioMedica plc, a gene therapy company. Prior to joining Oxford BioMedica plc, Dr. Naylor focused on translational cancer research at the Institute of Cancer Research in London. Dr. Naylor has a B.S.C. in microbiology and virology from the University of Warwick, an M.S. in Immunology from Kings College London, and a Ph.D. from the Imperial Cancer Research Fund laboratory studying ovarian cancer and cytokine biology.

Robert K. Zeldin, M.D. has served as our Chief Medical Officer since August 2020. Prior to joining MeiraGTx, Dr. Zeldin served as Chief Medical Officer of Immunovant, Inc., a biotechnology company, from July 2019 to April 2020. From June 2018 to April 2019, he was Chief Medical Officer of Acceleron Pharma, Inc., a biopharmaceutical company. Prior to Acceleron, he was Chief Medical Officer of Ablynx NV, a biopharmaceutical company, from December 2015 to June 2018. From January 2011 to November 2015, Dr. Zeldin served as Senior Vice President and Head of Global Clinical Development at Stallergenes SA. He also served as Vice President and U.S. Medical Franchise Head – Respiratory and Dermatology at Novartis Pharmaceuticals Corp. from March 2005 to April 2010. From November 1997 to March 2005, Dr. Zeldin held increasingly strategic roles in worldwide regulatory affairs and clinical development at Merck & Co., Inc. Prior to his work in industry, Dr. Zeldin served as a Medical Officer at the U.S. Food & Drug Administration (FDA) Center for Biologics Evaluation and Research. He also spent several years in clinical practice. Dr. Zeldin holds a B.A. with honors from the Johns Hopkins University and an M.D. from Tufts University School of Medicine.

Robert J. Wollin has served as our General Counsel and Secretary since June 2020 and joined the Company in August 2019. Prior to joining MeiraGTx, Mr. Wollin was Director, Associate General Counsel at Investment Technology Group, Inc., a global financial technology company, from November 2015 to June 2019. From August 2011 to October 2015, he served as Senior Corporate Counsel in the Corporate Governance and Securities Group at Bristol-Myers Squibb Company, a pharmaceutical company. From October 2001 to July 2011, Mr. Wollin practiced as a corporate attorney at Kramer Levin Naftalis & Frankel LLP, a law firm in New York. Mr. Wollin received a B.B.A. with

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honors from the University of Michigan Stephen M. Ross School of Business and a J.D. from the University of Pennsylvania Carey Law School.

CORPORATE GOVERNANCE

Corporate Governance Guidelines

Our Board of Directors has adopted Corporate Governance Guidelines that govern its operation and that of its Committees. Our Board annually reviews our Corporate Governance Guidelines and, from time to time, our Board will revise them in response to changing regulatory requirements, evolving best practices and the concerns of our shareholders and other constituents. A copy of these Corporate Governance Guidelines can be found in the “Corporate Governance—Documents & Charters” section of the “Investors & Media” page of our website located at https://meiragtx.com/, or by writing to our Secretary at our offices at 450 East 29th Street, 14th Floor, New York, New York 10016.

Board Leadership Structure

Our Corporate Governance Guidelines provide our Board of Directors with flexibility to combine or separate the positions of Chairman of the Board and Chief Executive Officer in accordance with its determination that utilizing one or the other structure would be in the best interests of the Company and its shareholders. If the Chairman of the Board is a member of management or does not otherwise qualify as independent, our Corporate Governance Guidelines provide for the appointment by the independent directors of a lead independent director (the “Lead Director”). The Lead Director’s responsibilities include, but are not limited to: presiding over all meetings of the Board at which the Chairman of the Board is not present, including any executive sessions of the independent directors; approving Board meeting schedules and agendas; and acting as the liaison between the independent directors and the Chief Executive Officer and Chairman of the Board. Our Corporate Governance Guidelines provide that, at such times as the Chairman of the Board qualifies as independent, the Chairman of the Board will carry out the duties of the Lead Director, as applicable.

The positions of our Chairman of the Board and our Chief Executive Officer and President are currently served by two separate persons. Dr. Harris, an independent director on our Board, serves as Chairman of the Board, and Dr. Forbes serves as our Chief Executive Officer and President. In his capacity as the independent Board Chairman, Dr. Harris performs the functions of the Lead Director.

The Board believes our current leadership structure of Chief Executive Officer and Chairman of the Board being held by two separate individuals is in the best interests of the Company and its shareholders and strikes the appropriate balance between the Chief Executive Officer and President’s responsibility for the strategic direction, day-to-day leadership and performance of our Company and the Chairman of the Board’s responsibility to guide overall strategic direction of our Company, to provide oversight of our corporate governance and guidance to our Chief Executive Officer and President and to set the agenda for and preside over Board meetings. We recognize that different leadership structures may be appropriate for companies in different situations and believe that no one structure is suitable for all companies. Accordingly, the Board will continue to periodically review our leadership structure and make such changes in the future as it deems appropriate and in the best interests of the Company and its shareholders.

Director Independence

Under our Corporate Governance Guidelines and the Nasdaq rules, a majority of our directors must qualify as independent directors and a director is not independent unless the Board affirmatively determines that he or she does not have a direct or indirect material relationship with us or any of our subsidiaries. In addition, the director must meet the bright-line tests for independence set forth by the Nasdaq rules.

Our Board has undertaken a review of its composition, the composition of its Committees and the independence of our directors and considered whether any director has a material relationship with us that could compromise his or her ability to exercise independent judgment in carrying out his or her responsibilities. Based upon information requested from and provided by each director concerning his or her background, employment and affiliations, including family

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relationships, our Board of Directors has determined that none of Keith R. Harris, Ph.D., Martin Indyk, Ph.D., Lord Mendoza, Nicole Seligman, Thomas E. Shenk, Ph.D. and Debra Yu, M.D., representing six of our eight directors, has a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that each of these directors qualifies as “independent” as that term is defined under the Nasdaq rules. In addition, our former directors Joel S. Marcus and Arnold J. Levine, Ph.D. were determined to be independent while they served on our Board of Directors. Ellen Hukkelhoven, Ph.D. was determined not to be independent. In making these determination, our Board of Directors considered the relationships that each non-employee director has with us and all other facts and circumstances our Board of Directors deemed relevant in determining their independence, including the director’s beneficial ownership of our ordinary shares and the relationships of our non-employee directors with certain of our significant shareholders. In determining that Dr. Hukkelhoven was not independent, the Board considered the Company’s relationships with Perceptive Advisors, where Dr. Hukkelhoven serves as the Head of Biotechnology Investments, including that Perceptive Advisors owns, in the aggregate, more than 10% of the Company’s outstanding shares and that in August 2022 we borrowed $75 million from Perceptive Credit Holdings III, LP (“Perceptive Credit Holdings”), an affiliate of Perceptive Advisors, as described in more detail below under “Certain Transactions with Related Persons—Debt Financing.” Alexandria Forbes, Ph.D. is not considered an independent director because she is currently employed by the Company as our President and Chief Executive Officer.

Board and Board Committee Meetings and Attendance

During 2022, our Board of Directors met nine times and acted by written consent nine times, the Audit Committee met five times and acted by written consent four times, the Compensation Committee met two times and acted by written consent three times, the Nominating and Corporate Governance Committee met two times and acted by written consent three times, and the Science and Technology Committee did not meet in 2022. In 2022, each of our directors attended at least 75% of the meetings of the Board and committees on which such director served as a member.

Executive Sessions

Executive sessions, which are meetings of the non-management or independent members of the Board, are regularly scheduled throughout the year. Our chairman of the Board, Dr. Harris, presided over such executive sessions in 2022.

Director Attendance at the Annual Meeting of Shareholders

We do not have a formal policy regarding the attendance of our Board members at our annual general meetings of shareholders, but we expect all directors to make every effort to attend any meeting of shareholders. All of the members of the Board of Directors attended the 2022 annual general meeting of shareholders except Drs. Levine and Shenk due to previously scheduled commitments.

Board Committees

Our Board of Directors has four standing committees: an Audit Committee, a Compensation Committee, a Nominating and Corporate Governance Committee and a Science and Technology Committee, each of which has the composition and the responsibilities described below. In addition, from time to time, special committees may be established under the direction of our Board when necessary to address specific issues. Each of the Audit Committee, the

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Compensation Committee, the Nominating and Corporate Governance Committee and the Science and Technology Committee operates under a written charter. The table below indicates the current members of these Committees.

Nominatingand

Corporate

Science and

Audit

Compensation

Governance

Technology

Director

Committee(1)

Committee(2)

Committee(1)

Committee(2)

Alexandria Forbes, Ph.D.

X

Keith R. Harris, Ph.D.

Chair

Chair

X

Martin Indyk, Ph.D.

X

Lord Mendoza

X

X

X

Nicole Seligman

X

Chair

X

Thomas E. Shenk, Ph.D.

X

X


(1)Mr. Marcus served as Chair of the Nominating and Corporate Governance Committee and a member of the Audit Committee until his resignation on June 27, 2022.
(2)Dr. Levine served as Chair of the Science and Technology Committee and a member of the Compensation Committee until his resignation on April 21, 2023.

Audit Committee

Our Audit Committee is responsible for, among other things:

appointing, approving the compensation of, and assessing the independence of our registered public accounting firm;
overseeing the work of our registered public accounting firm, including through the receipt and consideration of reports from such firm;
reviewing and discussing with management and the registered public accounting firm our annual and quarterly financial statements and related disclosures;
coordinating our Board of Directors’ oversight of our internal control over financial reporting, disclosure controls and procedures and code of business conduct and ethics;
discussing our risk assessment and risk management policies;
meeting independently with our registered public accounting firm, management and internal auditing staff, as applicable;
reviewing and approving or ratifying any related person transactions;
pre-approving all audit and non-audit services provided to us by our independent auditor (other than those provided pursuant to appropriate preapproval policies established by the Committee or exempt from such requirements under SEC rules);
overseeing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or auditing matters, and for the confidential and anonymous submission by our employees of concerns regarding questionable accounting or auditing matters; and
preparing the Audit Committee report required by SEC rules.

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Our Board of Directors has affirmatively determined that each member of our Audit Committee (i) qualifies as “independent” under Nasdaq’s heightened standards and Rule 10A-3 of the Exchange Act of 1934, as amended (the “Exchange Act”), applicable to audit committee members, and (ii) meets the requirements for financial literacy under the applicable Nasdaq rules and regulations. Our Board has also affirmatively determined that Keith R. Harris, Ph.D. qualifies as an “audit committee financial expert,” as such term is defined in Item 407(d)(5) of Regulation S-K.

Compensation Committee

Our Compensation Committee is responsible for, among other things:

reviewing and approving, or recommending for approval by the Board of Directors, the compensation of our Chief Executive Officer and our other executive officers;
overseeing and administering our cash and equity incentive plans;
reviewing and making recommendations to our Board of Directors with respect to director compensation;
reviewing and discussing annually with management our “Compensation Discussion and Analysis,” to the extent required by SEC rules;
overseeing the management of risks relating to our executive compensation plans and arrangements; and
preparing the annual Compensation Committee report required by SEC rules, to the extent required.

Our Board of Directors has determined that each member of our Compensation Committee (i) qualifies as “independent” under Nasdaq’s heightened standards applicable to compensation committee members and (ii) is a “non-employee director” as defined in Section 16b-3 of the Exchange Act.

The Compensation Committee has the authority to retain or obtain the advice of compensation consultants, legal counsel and other advisors to assist in carrying out its responsibilities. Before selecting any such consultant, counsel or advisor, the Compensation Committee reviews and considers the independence of such consultant, counsel or advisor in accordance with applicable Nasdaq rules. We must provide appropriate funding for payment of reasonable compensation to any advisor retained by the Compensation Committee.

Compensation Consultants

In accordance with its authority to retain consultants and advisors described above, the Compensation Committee has engaged the services of Total Compensation Solutions (“TCS”) on an annual basis as its compensation consultant to provide advice, consulting and guidance on executive, non-employee director and employee retention and incentive plans.

All services related to executive and director compensation provided by TCS during 2022 were conducted under the direction or authority of the Compensation Committee, and all work performed by TCS was pre-approved by the Compensation Committee. Neither TCS nor any of its affiliates maintains any other direct or indirect business relationships with us or any of our subsidiaries. Additionally, during 2022, TCS did not provide any services to us unrelated to executive and director compensation.

The Compensation Committee evaluated whether any work provided by TCS raised any conflict of interest for services performed during 2022 and determined that it did not.

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Nominating and Corporate Governance Committee

Our Nominating and Corporate Governance Committee is responsible for, among other things:

identifying individuals qualified to become members of our Board and the criteria to be used in nominating directors;
recommending to our Board the persons to be nominated for election as directors and to each Committee of the Board;
developing and recommending to our Board of Directors corporate governance guidelines, and reviewing and recommending to our Board of Directors proposed changes to our corporate governance guidelines from time to time;
periodically reviewing the Board’s leadership structure;
overseeing management’s implementation of compliance programs with respect to non-financial compliance matters; and
overseeing a periodic evaluation of our Board of Directors.

Our Board has determined that each member of our Nominating and Corporate Governance Committee qualifies as “independent” under Nasdaq rules applicable to nominating and corporate governance committee members.

Science and Technology Committee

Our Science and Technology Committee is responsible for, among other things:

reviewing, evaluating and advising the Board and management regarding long-term strategic goals and objectives and the quality and direction of our research and development and technology;
reviewing and making recommendations to the Board on our internal and external investments in science and technology;
reviewing the attainment of key research and development milestones, and regularly reviewing our research and development pipeline; and
identifying and discussing new and emerging trends in pharmaceutical science, technology and regulation.

Director Nominations Process

The Nominating and Corporate Governance Committee is responsible for recommending candidates to serve on the Board and its Committees. In considering whether to recommend any particular candidate to serve on the Board or its Committees or for inclusion in the Board’s slate of recommended director nominees for election at the annual general meeting of shareholders, the Nominating and Corporate Governance Committee considers the criteria set forth in our Corporate Governance Guidelines. Specifically, the Nominating and Corporate Governance Committee may take into account many factors, including without limitation: personal and professional integrity, ethics and values; experience in corporate management, such as serving as an officer or former officer of a publicly held company; strong finance experience; relevant social policy concerns; experience relevant to the Company’s industry; experience as a board member or executive officer of another publicly held company; relevant academic expertise or other proficiency in an area of the Company’s operations; diversity of expertise and experience in substantive matters pertaining to the Company’s business relative to other Board members; diversity of background and perspective, including, but not limited to, with respect to age, gender, gender identification, self-identifying as female, as an underrepresented minority

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or as LGBTQ+, race, ethnicity, place of residence and specialized experience; practical and mature business judgment, including, but not limited to, the ability to make independent analytical inquiries; and any other relevant qualifications, attributes or skills. In determining whether to recommend a director for re-election, the Nominating and Corporate Governance Committee may also consider the director’s past attendance at meetings and participation in and contributions to the activities of the Board.

We consider diversity, such as race, ethnicity, gender and membership in an underrepresented community, as part of the criteria with regard to identifying director nominees, but do not have a formal diversity policy. Such characteristics were considered in connection with the appointment of Debra Yu, M.D. to our Board. The Board evaluates each individual in the context of the Board as a whole, with the objective of assembling a group that can best perpetuate the success of the business and represent shareholder interests through the exercise of sound judgment using its diversity of experience in these various areas.

In identifying prospective director candidates, the Nominating and Corporate Governance Committee may seek referrals from other members of the Board, management, shareholders and other sources, including third party recommendations. The Nominating and Corporate Governance Committee also may, but need not, retain a search firm in order to assist it in identifying candidates to serve as directors of the Company. The Nominating and Corporate Governance Committee uses the same criteria for evaluating candidates regardless of the source of the referral or recommendation. When considering director candidates, the Nominating and Corporate Governance Committee seeks individuals with backgrounds and qualities that, when combined with those of our incumbent directors, provide a blend of skills and experience to further enhance the Board’s effectiveness. In connection with its annual recommendation of a slate of nominees, the Nominating and Corporate Governance Committee also may assess the contributions of those directors recommended for re-election in the context of the Board evaluation process and other perceived needs of the Board. Debra Yu, M.D., one of our Class II director nominees, was recommended as a potential candidate for election to our Board by the Company’s senior management and the Company’s largest shareholder, Perceptive Advisors.

Each of the Class II director nominees to be elected at the Annual Meeting was evaluated in accordance with our standard review process for director candidates in connection with their initial appointment and their nomination for re-election at the Annual Meeting.

When considering whether the directors and nominees have the experience, qualifications, attributes and skills, taken as a whole, to enable the Board to satisfy its oversight responsibilities effectively in light of our business and structure, the Board focused primarily on the information discussed in each Board member’s biographical information set forth above. We believe that our directors provide an appropriate mix of experience and skills relevant to the size and nature of our business. This process resulted in the Board’s nomination of the incumbent directors named in this Proxy Statement and proposed for election by our shareholders at the Annual Meeting.

The Nominating and Corporate Governance Committee will consider director candidates recommended by shareholders, and such candidates will be considered and evaluated under the same criteria described above. Any recommendation submitted to the Company should be in writing and should include any supporting material the shareholder considers appropriate in support of that recommendation, but must include information that would be required under the rules of the SEC to be included in a proxy statement soliciting proxies for the election of such candidate and a written consent of the candidate to serve as one of our directors if elected. Shareholders wishing to propose a candidate for consideration may do so by submitting the above information to the attention of our Secretary, MeiraGTx Holdings plc, 450 East 29th Street, 14th Floor, New York, New York 10016. All recommendations for nominations received by our Secretary that satisfy the requirements under the rules of the SEC relating to such director nominations will be presented to the Nominating and Corporate Governance Committee for its consideration. For additional information, regarding shareholder proposals, see “Shareholder Proposals and Director Nominations.”

Board Diversity

Our Board of Directors values the diversity of its members. As noted above, our Board of Directors considers diversity, including gender and ethnic diversity, as adding to the overall mix of perspectives of our Board of Directors as a whole. With the assistance of the Nominating and Corporate Governance Committee, our Board of Directors regularly

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reviews trends in board composition, including on director diversity. The following table provides certain information about the composition and diversity of our Board as required under Nasdaq listing standards.

Board Diversity Matrix (as of April 27, 2023)

Female

Male

Total Number of Directors

8

Part I: Gender Identity

Directors

4

4

Part II: Demographic Background

White

3

4

Asian

1

0

Board Role in Risk Oversight

The Board of Directors has overall responsibility for risk oversight, including, as part of regular Board and Committee meetings, general oversight of executives’ management of risks relevant to the Company. A fundamental part of risk oversight is not only understanding the material risks a company faces and the steps management is taking to manage those risks, but also understanding what level of risk is appropriate for the Company. The involvement of the Board of Directors in reviewing our business strategy is an integral aspect of the Board’s assessment of management’s tolerance for risk and its determination of what constitutes an appropriate level of risk for the Company. While the full Board has overall responsibility for risk oversight, it is supported in this function by its Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Science and Technology Committee. Each of the Committees regularly reports to the Board.

The Audit Committee assists the Board in fulfilling its risk oversight responsibilities by periodically reviewing our accounting, reporting and financial practices, including the integrity of our financial statements, the surveillance of administrative and financial controls, our compliance with legal and regulatory requirements and our enterprise risk management program. The Audit Committee also oversees financial risks and information security risks (including cybersecurity and data protection). Through its regular meetings with management, including the finance, legal, compliance, risk, internal control and information technology functions, the Audit Committee reviews and discusses significant areas of our business and summarizes for the Board areas of risk and the appropriate mitigating factors. The Compensation Committee assists the Board by overseeing and evaluating risks related to the Company’s compensation structure and compensation programs, including the formulation, administration and regulatory compliance with respect to compensation matters. The Nominating and Corporate Governance Committee assists the Board by overseeing and evaluating programs and risks associated with Board organization, membership and structure, independence, potential conflicts of interest and corporate governance, as well as risks relating to our non-financial compliance programs. The Science and Technology Committee reviews our pipeline to evaluate our progress in achieving our long-term strategic research and development goals and objectives and assure that we make well-informed choices in investment in research and development and technology. In addition, our Board receives periodic detailed operating performance reviews from management.

Committee Charters and Corporate Governance Guidelines

Our Corporate Governance Guidelines, charters of the Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Science and Technology Committee and other corporate governance information are available under the “Corporate Governance” section of the “Investors & Media” page of our website located at https://meiragtx.com/, or by writing to our Secretary at our offices at 450 East 29th Street, 14th Floor, New York, New York 10016.

Code of Business Conduct and Ethics

We have adopted a code of business conduct and ethics (the “Code of Conduct”) that applies to all of our directors, officers and employees, including our principal executive officer, principal financial officer, principal

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accounting officer or controller or persons performing similar functions. A copy of our Code of Conduct is available under the “Corporate Governance” section of the “Investors & Media” page of our website located at https://meiragtx.com/, or by writing to our Secretary at our offices at 450 East 29th Street, 14th Floor, New York, New York 10016. We intend to make any necessary disclosures regarding amendments to, or waivers from, provisions of our Code of Conduct that applies to any of our directors and executive officers on our website rather than by filing a Current Report on Form 8-K.

Anti-Hedging Policy

Our Board of Directors has adopted an Insider Trading Compliance Policy, which applies to all of our directors, officers and employees. The policy prohibits our directors, officers and employees from engaging in hedging or monetization transactions, such as zero-cost collars and forward sale contracts; short sales; and transactions in publicly traded options, such as puts, calls and other derivatives involving our equity securities.

Communications with the Board

Any shareholder or any other interested party who desires to communicate with our Board of Directors, our non-management directors or any specified individual director, including our chairman, may do so by directing such correspondence to the attention of our Secretary, MeiraGTx Holdings plc, 450 East 29th Street, 14th Floor, New York, New York 10016. Our Secretary will forward the communication to the appropriate director or directors as appropriate. Any complaints or concerns relating to our accounting, internal accounting controls or auditing matters will be referred to the chairman of the Audit Committee. Other concerns will be referred to the chairman of the Board with a copy to the chairman of the Nominating and Corporate Governance Committee. Any complaints or concerns may be reported anonymously or confidentially. We strictly prohibit any retaliation for reporting a possible violation of law, ethics, or firm policy regardless of whom the report concerns.

EXECUTIVE COMPENSATION

OverviewOverview

This section discusses the material components of the executive compensation program for our executive officers who are named in the “2021“2022 Summary Compensation Table” below. In 2021,2022, our “named executivesexecutive officers” and their positions were as follows:

Alexandria Forbes, Ph.D., President and Chief Executive Officer;
Richard Giroux, Chief Financial Officer and Chief Operating Officer; and
Robert K. Zeldin, M.D.Stuart Naylor, Ph.D., Chief MedicalDevelopment Officer.

We had another stronga successful year operationally in 20212022 as we continued to make significantimportant progress in a number of key areas, including clinical regulatory,development, manufacturing, research and overall business development.raising additional capital. The executive team has continued to thoughtfully and efficiently buildremains focused on building a fullyvertically integrated company with several valuable and unique sets of assets, which includeinclude: our therapeutic pipeline, leading manufacturing capabilities, clinical and quality infrastructure, extensive vector engineering capabilities and technology platforms led by our transformative riboswitch gene regulation technology. In particular, our 20212022 performance was attributable to a number of factors, including:

Riboswitch Gene Regulation Platform:Botaretigene Sparoparvovec for the Treatment of XLRP: WeIn October 2022, we presented positive data from our proprietary riboswitchthe MGT009 Phase 1/2 clinical trial of the investigational gene regulation platform in December 2021 demonstrating regulation of multiple therapeutic genes in multiple tissues in vitro and in vivo,therapy botaretigene sparoparvovec (formerly referred to as well as in vivo models showing dose responsive physiological effects indicative of potential therapeutic activity. This transformative riboswitch technology platform has unprecedented dynamic range of greater than 5,000-fold and allows precise and specific control of gene expression levels via dose-response to orally delivered small molecules. We have developed a library of novel small molecules that tightly regulate aptamer driven cassettes with drug properties designed specificallyAAV-RPGR) for the regulationtreatment of different genes in different tissues. This technology is broadly applicable to the control of any genepatients with XLRP with disease-causing

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variants in the contextRPGR gene at the American Academy of any vector, including both gene editingOphthalmology (AAO) 2022 Annual Meeting, including:

o

Treatment with botaretigene sparoparvovec was found to have an acceptable safety profile and RNA editing.was well-tolerated, with no dose-limiting events.1

o

Promoter Platforms: We also presented data on our multiple promoter engineering platforms

Adverse events (AE) profile was anticipated and manageable, with most AEs related to the surgical delivery procedure, transient and resolved without intervention.1 A total of three serious adverse events (SAEs) were observed in December 2021. We have created librariesthe overall Phase 1/2 MGT009 clinical study; two SAEs, which were previously reported, were observed in the dose-escalation phase of strong, small, tissue selective promoters-enhancer combinations using multiple engineeringthe study (n=10; one retinal detachment and screening strategies for designone panuveitis in the low dose cohort), and selectiona single additional SAE of strong, constitutive, tissue specific promoter/enhancer elements while also driving potencyincreased intraocular pressure was observed in the dose escalation phase and safety.resolved with treatment.1

o

Sustained or increased functional improvements were demonstrated at six months post-treatment in multiple endpoints across each of the three domains of vision -- retinal function, visual function, and functional vision -- in patients treated with botaretigene sparoparvovec when compared to the randomized untreated control arm of the study.1

o

Further sensitivity analysis was conducted on study participants by applying the Phase 3 LUMEOS (NCT04671433) study eligibility criteria that corroborated the endpoints selected for the Phase 3 study.1 Currently, the LUMEOS study of botaretigene sparoparvovec for the treatment of patients with XLRP with disease-causing variants in the RPGR gene is actively dosing patients.

Michaelides, M et al. Ph1/2 AAV5-RPGR (Botaretigene Sparoparvovec) Gene Therapy Trial in RPGR-associated X-linked Retinitis Pigmentosa (XLRP). Abstract #30071754. Presented at the 2022 American Academy of Ophthalmology Annual Meeting.

Positive PreliminaryClinical Data from the AQUAx Phase 1 Clinical Trial of AAV-hAQP1 for the Treatment of Grade 2/3 Radiation-Induced Xerostomia: In December 20212022 we reported positive preliminaryclinical data from the Phase 1 AQUAx clinical trial, including:

o

Clinically meaningful improvements in xerostomia symptoms and disease burden in two validated Patient-Reported Outcome (PRO) measures in both unilateral and bilateral treated cohorts were demonstrated.

6 of the 7 participants through 90-day assessments following treatment18/24, or 75% achieved clinically meaningful symptom improvement in symptoms using the PROsGlobal Rate of Change (GRCQ) PRO.
One participant withUsing the maximum responses evaluable at 12 months has now reached 24 monthsXerostomia Questionnaire (XQ), 71% (17/24) reported an improvement of >8 points (clinically meaningful), and 67% (16/24) had an improvement of ≥10 (considered transformative by KOLs).

o

Meaningful increases in whole saliva flow rates were observed post-treatment, providing objective evidence of the same levelbiological activity of response/xerostomia symptom improvement was maintained.AAV-hAQP1 treatment.

o

Early long-term follow-up data suggest durability of improvement 2+ years post-treatment.

o

AAV-hAQP1 appears safe and well-tolerated at each dose tested.

o

Based on the favorable safety and efficacy profile of AAV-hAQP1 in the AQUAx Phase 1 study, we intend to initiate a randomized, double-blind, placebo-controlled, Phase 2 study evaluating the bilateral administration of two active doses of AAV-hAQP1 in the second quarter of 2023.

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Based onAAV-GAD for the Treatment of Parkinson’s Disease: We are now dosing patients in the AAV-GAD clinical trial under a new IND using material manufactured in our cGMP facility in London, United Kingdom using our proprietary production process.

o

The AAV-GAD trial is a three-arm randomized Phase 1 clinical bridging study with subjects randomized to one of two doses of AAV-GAD or sham control.

o

The objective of the AAV-GAD trial is to evaluate the safety and efficacy profiletolerability of AAV-hAQP1 inAAV-mediated delivery of glutamic acid decarboxylase (GAD) gene transfer into the AQUAx Phase 1 study and regulatory precedent, we intend to initiate a randomized, double-blind, placebo-controlled Phase 2 study evaluating two active dosessubthalamic nuclei (STN) of AAV-hAQP1participants with Parkinson’s disease.

o

Completion of enrollment is anticipated by the endthird quarter of 2022.2023.

LaunchRiboswitch Gene Regulation Platform and Vector Engineering: We exhibited 15 poster presentations at the European Society of Pivotal Program inGene and Cell Therapy 2022 Annual Congress, which included data from our Strategic Collaborationnovel gene regulation platform, including the first data demonstrating the potential to regulate cell therapies including CAR-T, as well as data from our promoter platforms and several new, optimized pre-clinical programs addressing severe unmet needs for indications such as amyotrophic lateral sclerosis (ALS) and Wilson’s disease. In addition, we made several presentations on our proprietary viral vector manufacturing technology and potency assay development. We now have over 40 novel orally available small molecules with Janssen: In January 2019, we entered into a strategic collaborationhigh specificity and licensing agreementpotency to our riboswitch aptamers moving through PK, biodistribution and toxicology studies, with Janssen Pharmaceuticals, Inc. (“Janssen”), one of the Janssen Pharmaceuticals Companies of Johnson & Johnson, to develop and commercialize gene therapiesfirst GMP material for the treatment of inherited retinal diseases. In late 2021, we received regulatory approval to initiate the Phase 3 Lumeos clinical trial of botaretigene sparoparvovec (AAV-RPGR) for treatment of patients with X-linked retinitis pigmentosa. We also received a $30 million payment from Janssen for a clinical milestone in the Phase 3 Lumeos trial of botaretigene sparoparvovec.IND currently being manufactured.
Manufacturing and Process Development:Gene Therapy Manufacturing: We successfully manufactured cGMPOur wholly-owned facilities have now produced GMP clinical trial material for six6 different indications, using multiple AAV serotypes, including administration into the eye, salivary gland and central nervous system. We believe that bringing all aspects of testing and vector production in-house reduces regulatory risk, ensures the highest quality of products, lowers costs, and helps avoid bottlenecks in clinical programs, including three for Janssen-partnered programs, highlighting the breadth and expertise ofdevelopment. In addition to our manufacturing and quality infrastructure. We also completed the fit-out of our plasmid and DNA production30,000-square-foot facility in London, we now have a 150,000-square-foot plant in Shannon, Ireland which will help us expedite our effortscontains three facilities: one built to bringbe flexible and scalable for viral vector production, another to manufacture plasmid DNA – the entire manufacturing processcritical starting material for producing gene therapy products – and supply chain in-housethird, a Quality Control (QC) hub performing advanced biochemical quality control testing appropriate for commercialization.
Financings: In August 2022 we borrowed $75 million from Perceptive Credit Holdings with the ability to more rapidlyrequest an additional $25 million during the first two years of the term of the loan, subject to the lender’s approval. In November 2022, we also sold $25 million ordinary shares to Johnson and cost-effectively bring innovativeJohnson Innovation – JJDC, Inc., the investment arm of Johnson and potentially curative treatments to patients.Johnson, in a private placement.

Additionally, as shown below, our total shareholder return (stock price appreciation plus dividends), or TSR, for the one- and three-year periods ended December 31, 2021 exceeded that of our peers1 and the SPDR S&P Biotech ETF Index (XBI).

Graphic

The Company believes these strong results were largely driven by the leadership of our named executive officers. The Compensation Committee sought to reward these individuals forDespite our strong operational performance during 2022, the Company’s achievementsshare price was negatively impacted by the difficulties facing publicly traded biotech companies during 2021the year and a challenging global macroeconomic environment. In making its compensation decisions based on 2022 performance, the Compensation Committee considered these factors and approved annual cash bonuses for 2021 reflecteach of our named executive officers that were at least 30% less than the Committee’s desireactual cash bouses earned by the named executive officers for the prior year. Similarly, the equity compensation awards granted to recognizeour named executive officers in February 2023 had a grant date fair value between 35% and 55% lower than the achievementgrant date fair value of goals intendedthe equity awards granted to increase shareholder value, while enhancing the retention of keythese executives who drive this performance.in 2022.


1

For purposes of this comparison, our peers consist of the following 21 in vivo gene therapy companies: Abeona Therapeutics Inc., Adverum Biotechnologies, Inc., Akouos, Inc., Applied Genetics Technologies Corporation, Decibel Therapeutics, Inc., 4D Molecular Therapeutics Inc., Freeline Therapeutics Holdings plc, GenSight Biologics S.A., Homology Medicines, Inc., Krystal Biotech, Inc., Passage Bio, Inc., REGENXBIO Inc., Renovacor, Inc., Rocket Pharmaceuticals, Inc., Sensorion, Sio Gene Therapies, Inc., Solid Biosciences Inc., Taysha Gene Therapies, Inc., Tenaya Therapeutics, Inc., uniQure N.V. and Voyager Therapeutics, Inc.

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20212022 Summary Compensation Table

    

    

    

    

Stock

    

Option

    

All Other

    

    

    

All Other 

Salary

Bonus

Awards

Awards

Compensation

Total

Salary 

    

Bonus 

    

Stock Awards 

    

Option Awards

    

Compensation 

    

Total 

Name and Principal Position

Year

($)

($)(1)

($)(2)

($)(2)

($)(3)

($)

Year

($)

($)(1)

($)(2)

 ($)(2)

($)(3)

($)

Alexandria Forbes, Ph.D.

 

2021

 

580,000

 

2,450,000

 

1,971,600

 

788,450

 

17,400

 

5,807,450

 

2022

 

580,000

 

1,715,000

 

5,382,500

 

 

37,656

 

7,715,156

President and Chief Executive Officer

 

2020

 

602,308

 

1,860,000

 

3,958,000

 

 

1,836,631

 

8,256,939

 

2021

 

580,000

 

2,450,000

 

1,971,600

 

788,450

 

31,900

 

5,821,950

Richard Giroux

 

2021

 

495,000

 

1,880,000

 

1,643,000

 

485,200

 

17,400

 

4,520,600

 

2022

 

495,000

 

1,316,000

 

4,521,300

 

 

18,300

 

6,350,600

Chief Financial Officer and Chief Operating Officer

 

2020

 

514,038

 

1,440,000

 

3,045,000

 

 

1,836,631

 

6,835,669

Robert K. Zeldin, M.D.

 

2021

 

480,000

 

600,000

 

2,464,500

 

485,200

 

17,400

 

4,047,100

Chief Medical Officer

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Chief Financial Officer and

 

2021

 

495,000

 

1,880,000

 

1,643,000

 

485,200

 

17,400

 

4,520,600

Chief Operating Officer

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Stuart Naylor, Ph.D. (4)

 

2022

 

442,860

 

560,000

 

3,229,500

 

 

 

4,232,360

Chief Development Officer

 

2021

 

453,750

 

800,000

 

1,560,850

 

424,550

 

45,375

 

3,284,525


(1)For Dr. Forbes and Mr. Giroux, amounts for 20212022 reflect guaranteed and discretionary bonuses paid for performance in 2021.2022. For Dr. Zeldin,Naylor, amount for 20212022 reflects a discretionary bonus paid for performance in 2021.2022.
(2)Amounts reflect the aggregate grant-date fair value of option awards and restricted share unit awards granted during the specified year and calculated in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, rather than the amounts paid to or realized by the named individual. We provide information regarding the valuation methodology and assumptions used to calculate the value of these awards made to executive officers in Note 9 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021,2022, filed with the SEC on March 10, 2022.14, 2023.
(3)Amounts shown represent employer contributions of $18,300 to our 401(k) plan for Drs.each of Dr. Forbes and ZeldinMr. Giroux and Mr. Giroux.$19,356 for Dr. Forbes representing costs attributable to a personal assistant and transportation services (including commuting) for security purposes and in order to minimize and more efficiently use travel time.
(4)Dr. Naylor was a named executive officer for 2022 but not 2021. Dr. Naylor’s 2022 base salary amount was paid in pounds sterling and converted to U.S. dollars based on an average exchange rate for 2022 of $1.2288 to £1.00.

Narrative to Summary Compensation Table

Base Salaries

The named executive officers receive a base salary to compensate them for services rendered to our Company. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities.

Pursuant to the terms of their employment agreements, the base salaries of Dr. Forbes and Mr. Giroux were initially set at $390,000 and $320,000, respectively, and were increased to $450,000 and $400,000, respectively, in April 2016, in connection with our attaining a fundraising milestone. The base salaries of Dr. Forbes and Mr. Giroux were subsequently increased toset at $580,000 and $495,000, respectively, in connection with our attaining a second fundraising milestone in March 2018. No further increases have beenchanges were made to the annual base salaries of Dr. Forbes andor Mr. Giroux since March 2018.during 2022.

Dr. Zeldin’sNaylor’s annual base salary of $480,000£330,000 was set pursuantin January 2020. Under his employment agreement, Dr. Naylor is eligible to the termsreceive a pension contribution to a defined contribution pension scheme equal to 10% of his offer letter entered intosalary. For 2022, Dr. Naylor elected not to participate in 2020.the pension scheme and instead received the £33,000 as additional base salary during the year.

Bonuses

Dr. Forbes and Mr. Giroux are entitled to guaranteed annual cash bonus payments and may receive performance-based bonuses pursuant to the terms of their employment agreements, as described in more detail below under “Executive Compensation Arrangements—Dr. Forbes and Mr. Giroux.” In December 2021,February 2023, the Compensation Committee assessed Company performance during 20212022 based on our achievement of a number of clinical, regulatory and corporate milestones during the year as described above, as well as the negative impact to the Company’s share

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price during the year, and determined that the guaranteed and performance based bonus amounts payable to Dr. Forbes and Mr. Giroux for 20212022 would be $2,450,000$1,715,000 and $1,880,000,$1,316,000, respectively.

Pursuant to his employment agreement, Dr. ZeldinNaylor has the opportunity to earn an annual discretionary bonus targeted at 50% of his annual base salary.bonus. In December 2021February 2023, the compensation committeeCompensation Committee determined to pay Dr. ZeldinNaylor a bonus for 20212022 performance of $600,000$560,000 based on an assessment of the Company’s achievement of the performance milestonesachievements and results described above.

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Equity Compensation

Pursuant to our 2018 Incentive Award Plan, referred to as the 2018 Plan, we may grant cash and equity incentives to directors, employees (including our named executive officers) and consultants of our Company and certain of its affiliates to enable our Company and certain of its affiliates to obtain and retain services of these individuals, which is essential to our long-term success.

The SEC’s compensation disclosure rules currently require disclosure of the grant date value of equity awards granted during the last year (2021(2022 in this case). Accordingly, the 20212022 Summary Compensation Table and the Outstanding Equity Awards at Fiscal Year-End Table show the equity awards granted during the 20212022 calendar year in respect of 20202021 performance (instead of the equity awards for 20212022 performance granted in January 2022)February 2023). In light of the SEC’s current compensation disclosure rules, we have provided the following supplemental table which sets forth the restricted share unit and option awards granted to Drs. Forbes and ZeldinNaylor and Mr. Giroux and the option award granted to Dr. Zeldin, by the Compensation Committee in JanuaryFebruary 2023 for 2022 for 2021 performance. For the restricted share unit awards, 50% of the award vests on the second anniversary of the grant date and 25% of the award vests on each of the third and fourth anniversaries of the grant date. For the option awards, 25% of the shares subject to the option vest on the first anniversary of the grant date and the remainder of the shares subject to the option vest in 36 substantially equal monthly installments thereafter.

    

    

FASB Grant 

    

    

Date 

    

    

FASB Grant Date

    

    

FASB Grant Date

Restricted 

Fair Value of Restricted 

FASB Grant Date 

Fair Value of

Fair Value of

Share Unit 

Share 

Fair Value of 

Restricted Share

Restricted Share

Option Awards

Awards 

Unit Awards 

Option Awards 

Option Awards 

Named Executive Officer

Unit Awards (#)

Unit Awards ($)(1)

Option Awards (#)

($)(1)

(#)

($)(1)

(#)

($)(1)

Alexandria Forbes, Ph.D.

 

250,000

 

5,382,500

 

 

 

250,000

 

2,150,000

 

225,000

 

1,298,250

Richard Giroux

 

210,000

 

4,521,300

 

 

 

240,000

 

2,064,000

 

135,000

 

778,950

Robert K. Zeldin, M.D.

 

70,000

 

1,507,100

 

30,000

 

446,700

Stuart Naylor, Ph.D.

 

100,000

 

860,000

 

100,000

 

577,000


(1)The amounts shown represent the aggregate grant date fair value of the restricted share unit and option awards as determined pursuant to FASB ASC Topic 718, which amounts will be included in next year’s Summary Compensation Table pursuant to the SEC’s current compensation disclosure rules.

For 20212022 performance, the Compensation Committee elected to continue granting restricted share unit awards with the initial vesting and payout beginning on the second anniversary of the grant date to provide long-term motivation for our executives to create shareholder value and to promote greater retention of our executives. The Committee also awarded options for 20212022 performance to Dr. Zeldin to provide strong performance incentives aligned with shareholder interests since the option awards will only have value if the Company’sCompanys share price increases.

Pursuant to their employment agreements, Dr. Forbes and Mr. Giroux are entitled to annual grants of restricted ordinary shares. The number of restricted shares subject to each such award is determined by the Compensation Committee, with input from our Chief Executive Officer with respect to the grant to Mr. Giroux. For 2021,2022, the Compensation Committee, with input from the Chief Executive Officer with respect to Mr. Giroux, determined not to make any such grants.

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Other Elements of Compensation

Retirement Plans

Our named executive officers, other than Dr. Naylor, are eligible to participate in our 401(k) plan in the United States on the same terms as other full-time employees. We match 100% of employee contributions to our 401(k) plan, up to 6% of eligible compensation. Dr. Naylor, who is employed in the United Kingdom, is eligible to receive a pension contribution to a defined contribution pension scheme equal to 10% of his base salary. For 2022, Dr. Naylor elected not to participate in the pension scheme and therefore did not receive the pension contribution from us this year. Instead, he received this amount in base salary. We believe that providing a vehicle for tax-deferred retirement savings adds to the overall desirability of our executive compensation package and further incentivizes our employees, including our named executive officers, in accordance with our compensation policies.

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Employee Benefits

All of our full-time employees, including our named executive officers, are eligible to participate in our health and welfare plans, subject to the same terms and eligibility requirements.

Outstanding Equity Awards at Fiscal Year-End

The following table summarizes the number of ordinary shares underlying outstanding equity incentive plan awards for each named executive officer as of December 31, 2021.2022.

Option Awards

Stock Awards

Market 

Option Awards

Stock Awards

Number of 

Value of 

Number of

Number of

Number of 

Number of 

Shares or 

Shares or 

Securities

Securities

Number of

Market Value

Securities 

Securities 

Units of 

Units of 

Underlying

Underlying

Shares or

of Shares or

Underlying 

Underlying 

Stock That 

Stock That 

Unexercised

Unexercised

Option

Option

Units of Stock

Units of Stock

Unexercised 

Unexercised 

Option 

Option 

Have Not 

Have Not 

Options (#)

Options (#)

Exercise

Expiration

That Have Not

That Have Not

Options (#) 

Options (#) 

Exercise 

Expiration 

Vested 

Vested 

Name

Grant Date

Exercisable

Unexercisable(1)

Price($)

Date

Vested (#)(2)

Vested ($)(3)

Grant Date

Exercisable

Unexercisable(1)

Price($)

Date

(#)(2)

 

($)(3)

Alexandria Forbes, Ph.D.

    

3/4/2016

    

60,551

    

    

7.73

    

3/4/2026

    

    

    

3/4/2016

    

60,551

    

    

7.73

    

3/4/2026

    

    

 

9/20/2017

 

83,741

 

 

2.64

 

9/20/2027

 

 

 

9/20/2017

 

83,741

 

 

2.64

 

9/20/2027

 

 

 

1/10/2018

 

100,919

 

2,147

 

5.63

 

1/10/2028

 

 

 

1/10/2018

 

103,066

 

 

5.63

 

1/10/2028

 

 

 

12/29/2018

 

97,500

 

32,500

 

9.64

 

12/28/2028

 

 

 

12/29/2018

 

130,000

 

 

9.64

 

12/28/2028

 

 

 

1/10/2020

 

 

 

 

 

195,000

 

4,629,300

 

1/10/2020

 

 

 

 

 

97,500

 

635,700

 

1/14/2021

 

 

65,000

 

16.43

 

1/14/2031

 

120,000

 

2,848,800

 

1/14/2021

 

31,146

 

33,854

 

16.43

 

1/14/2031

 

120,000

 

782,400

 

1/7/2022

 

 

 

 

 

250,000

 

1,630,000

Richard Giroux

 

3/4/2016

 

48,956

 

 

7.73

 

3/4/2026

 

 

 

3/4/2016

 

48,956

 

 

7.73

 

3/4/2026

 

 

 

9/20/2017

 

77,299

 

 

2.64

 

9/20/2027

 

 

 

9/20/2017

 

77,299

 

 

2.64

 

9/20/2027

 

 

 

1/10/2018

 

94,611

 

2,013

 

5.63

 

1/10/2028

 

 

 

1/10/2018

 

96,624

 

 

5.63

 

1/10/2028

 

 

 

12/29/2018

 

78,750

 

26,250

 

9.64

 

12/28/2028

 

 

 

12/29/2018

 

105,000

 

 

9.64

 

12/28/2028

 

 

 

1/10/2020

 

 

 

 

 

150,000

 

3,561,000

 

1/10/2020

 

 

 

 

 

75,000

 

489,000

 

1/14/2021

 

 

40,000

 

16.43

 

1/14/2031

 

100,000

 

2,374,000

 

1/14/2021

 

19,167

 

20,833

 

16.43

 

1/14/2031

 

100,000

 

652,000

Robert K. Zeldin, M.D.

 

8/3/2020

 

50,000

 

100,000

 

13.24

 

8/3/2030

 

 

 

1/14/2021

 

 

40,000

 

16.43

 

1/14/2031

 

150,000

 

3,561,000

 

1/7/2022

 

 

 

 

 

210,000

 

1,369,200

Stuart Naylor, Ph.D.

 

3/4/2016

 

25,766

 

 

7.73

 

3/4/2026

 

 

 

9/20/2017

 

12,833

 

 

2.64

 

9/20/2027

 

 

 

1/10/2018

 

90,182

 

 

5.63

 

1/10/2028

 

 

 

12/29/2018

 

100,000

 

 

9.64

 

12/28/2028

 

 

 

1/10/2020

 

 

 

 

 

80,000

 

521,600

 

1/14/2021

 

16,771

 

18,229

 

16.43

 

1/14/2031

 

95,000

 

619,400

 

1/7/2022

 

 

 

 

 

150,000

 

978,000

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(1)The options vest as to 25% of the total shares underlying the option on the first anniversary of the grant date and in equal monthly installments over the ensuing 36 months, subject to the holder’s continued employment with us through the applicable vesting date. The awards are subject to accelerated vesting upon a qualifying termination of employment as described in more detail below under “Executive Compensation Arrangements—ArrangementsDr. Forbes and Mr. Giroux” with respect to Dr. Forbes and Mr. Giroux, and under “Potential Payments Upon a Termination or a Change in Control” with respect to Dr. Zeldin.Naylor.
(2)The restricted share unit awards vest as to 50% of the award on the second anniversary of the grant date, with 25% of the award vesting on each of the third and fourth anniversaries of the grant date, subject to the holder’s continued employment with us through the applicable vesting date. The awards are subject to accelerated vesting upon a qualifying termination of employment as described in more detail below under “Executive Compensation Arrangements—Dr. Forbes and Mr. Giroux” with respect to Dr. Forbes and Mr. Giroux, and under “Potential Payments Upon a Termination or a Change in Control” with respect to Dr. Zeldin.Naylor.
(3)The market value was determined using a per share value of the Company’s ordinary shares of $23.74$6.52 (which was the closing price per share on December 31, 2021,30, 2022, the last trading day of the year).

Executive Compensation Arrangements

We have entered into employment agreements with Dr. Forbes and Mr. Giroux.each of our named executive officers. Certain key terms of these agreements are described below.

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Dr. Forbes and Mr. Giroux

We entered into employment agreements with Dr. Forbes and Mr. Giroux in February 2016. The agreements have an initial term of three years and automatically renew for successive one-year periods unless notice of non-renewal is provided by either party at least 90 days prior to the expiration of the then-current term.

Pursuant to the employment agreements, Dr. Forbes and Mr. Giroux are entitled to annual base salaries, in the amounts described above under “Base Salaries,” annual cash bonuses equal to 100% of their respective base salaries, referred to as the guaranteed bonus, and the opportunity to earn annual performance-based bonuses targeted at 60% of base salary for Dr. Forbes and 50% of base salary for Mr. Giroux, referred to as the performance bonus.

In the event we complete a strategic collaboration resulting in upfront payments to us, each of Dr. Forbes and Mr. Giroux is entitled to a cash bonus in an amount determined by the Compensation Committee and, with respect to Mr. Giroux, the Chief Executive Officer, provided that such bonus will not be less than 1% of the upfront payments received by us in such collaboration. There is no limit on the number of bonuses the executives may receive per year pursuant to this arrangement.

In the event either of Dr. Forbes’sForbes’ or Mr. Giroux’s employment is terminated due to death or disability, or Dr. Forbes or Mr. Giroux resigns employment without good reason, which includes the executive’s election not to renew the term of the employment agreement, the executive (or the executive’s estate or beneficiary) is entitled to receive the executive’s base salary, guaranteed bonus, and performance bonus as if the executive’s employment had continued for an additional 12-month period.

In the event either of Dr. Forbes or Mr. Giroux is terminated by us for any reason other than cause, including due to a change in control, the Company elects not to renew the term of the employment agreement, or Dr. Forbes or Mr. Giroux resigns for good reason, the executive is entitled to (i) three months’ notice of termination or pay in lieu of notice, (ii) receive the executive’s base salary, guaranteed bonus, and performance bonus as if the executive’s employment had continued for an additional 24-month period (including a pro-rated guaranteed bonus and performance bonus for any stub periods), (iii) employee benefits and post-employment employee benefits and conversion rights in accordance with the terms and conditions of the plans, policies, programs, or perquisites in which the executive participates for a period of 24-months following the end of the then-current term, (iv) incentive and deferred

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compensation incentive rights in accordance with the terms and conditions of the incentive and deferred compensation plans in which the executive participates; provided, however, that the executive shall be deemed fully vested in any incentive and deferred compensation awards under such plans upon a termination, (v) accelerated vesting of any unvested restricted shares and equity incentive awards, (vi) to the extent not yet granted, be granted fully vested ordinary shares for any awards to which the executive may at the time be entitled as if all conditions applicable to such award were met, and (vii) be paid, within 30 days of termination, a cash termination fee equivalent to 1.50% for Dr. Forbes, or 1% for Mr. Giroux, of the average “market value” of our shares during the 90-trading day period prior to the termination plus payment of any taxes owed by the executive as a result of such termination fee. For purposes of the employment agreements, “market value” means the number obtained by multiplying (x) the aggregate number of shares of our voting and non-voting common equity (including shares held by employees and affiliates) by (y) the average of the last closing prices of our common equity in the principal market for such common equity, as adjusted on a pro-rata basis for any mechanical adjustments in our equity resulting from forward or reverse share splits.

For purposes of the employment agreements, “cause” means the executive’s (i) conviction of a felony involving moral turpitude, (ii) embezzlement, or (iii) intentional and willful misconduct that may subject us to criminal liability, which misconduct is not cured within 30 days after written notice to the executive of such conduct, if curable.

For purposes of the employment agreements, “good reason” means (i) any material diminution of the executive’s title, duties, work responsibilities, authority, or status, or the assignment of duties that would typically be performed by someone in the executive’s position to an individual other than the executive, (ii) a material negative change in the executive’s reporting structure, (iii) a change in control, (iv) a reduction in the executive’s then current base salary, (v) a change in the executive’s principal place of employment to a location more than 15 miles from Manhattan, New York, (vi) our breach of the employment agreement that is not cured within 30 days after receiving notice of such breach, (vii) our

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insistence that the executive perform or condone any illegal conduct, or (viii) a hostile or abusive work environment or harassment.

Dr. Naylor

We have entered into an employment agreement with Dr. Naylor, pursuant to which he serves as our Chief Development Officer. The agreement is for an unspecified term and may be terminated by either party upon no less than 12-months’ notice, or pay in lieu of notice. Pursuant to his employment agreement, Dr. Naylor is entitled to an annual base salary and has the opportunity to earn discretionary annual bonuses.

Dr. Naylor’s employment agreement contains certain restrictive covenants pursuant to which he has agreed to refrain from competing with us or soliciting certain of our clients, customers or employees, in each case, for a period of 12 months following his termination of employment.

Potential Payments Upon a Termination or a Change in Control

As described above in the section titled “Executive Compensation Arrangements—Dr. Forbes and Mr. Giroux,” Dr. Forbes and Mr. Giroux may become entitled to certain payments and benefits in connection with their termination or a change in control of our Company. Dr. Naylor may become entitled to certain payments in connection with his termination outside of a change in control of our Company as described above in the section titled “Executive Compensation Arrangements—Dr. Naylor.”

TheIn addition to the employment agreement described above, the Company has entered into a change in control agreement with Dr. Zeldin.Naylor. The change in control agreement provides for the payment of benefits if Dr. Zeldin’sNaylor’s employment is terminated within twelve months following a Change in Control (defined below), either by the Company not for Cause (defined below) (and not due to Dr. Zeldin’sNaylor’s death or disability) or by Dr. ZeldinNaylor for Good Reason (as defined below). In addition, if Dr. Zeldin’sNaylor’s employment is terminated by the Company other than for Cause within two weeks prior to the date of a Change in Control and it is reasonably demonstrated that the termination arose in connection with, or in anticipation of, the Change in Control, the benefits set forth below will be paid to Dr. Zeldin.Naylor.

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The benefits payable are (i) base salary through the date of executive’s termination and any other amounts or benefits, if any, under the Company’s employee benefit plans, programs or arrangements to which executive may be entitled pursuant to the terms of such plans, programs or arrangements or applicable law, (ii) any unpaid annual bonus earned by executive for the year prior to the year in which the qualifying termination occurs, and (iii) one (1) times the sum of the executive’s annual base salary and target bonus amount based, in each case, on the rate in effect prior to any decrease that would give the executive the right to resign for Good Reason.

Additionally, all of executive’s unvested equity or equity-based awards under any of the Company’s equity compensation plans that vest solely based upon executive’s continued employment or service shall immediately become 100% vested on the later of the date of executive’s qualifying termination and the Change in Control (with any such awards that vest in whole or in part based upon the attainment of performance vesting conditions being governed by the terms of the applicable award agreement) and, to the extent necessary, any unvested equity awards will remain outstanding and eligible to vest following executive’s qualifying termination if a Change in Control occurs within two (2) weeks following executive’s qualifying termination.

For purposes of the change in control agreement, “Change in Control” means and includes each of the following: (i) a transaction or series of transactions (other than an offering of our ordinary shares to the general public through a registration statement filed with the SEC or a transaction or series of transactions that meets the requirements of clauses (A) and (B) of subsection (iii) below) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50% of the total combined voting power of the Company’s securities outstanding immediately after such acquisition; (ii) during any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in subsections (i) or (iii)) whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or (iii) the consummation by the Company of (x) a merger, consolidation, reorganization, or business combination, (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction (A) which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at

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least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and (B) after which no person or group beneficially owns voting securities representing 50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (B) as beneficially owning 50% or more of the combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction.

For purposes of the change in control agreement, “Cause” means any of the following: (i) executive’s commission of an act of fraud, embezzlement or theft against the Company or its affiliates; (ii) executive’s conviction of, or plea of no contest to, a felony or crime involving moral turpitude; (iii) executive’s refusal to perform material duties as an employee of the Company, which to the extent curable, remains uncured for 30 days following executive’s receipt of written notice thereof; (iv) executive’s material breach of any material policy of the Company or any of its affiliates that is applicable to executive or of any material agreement with the Company or any of its affiliates, including any confidentiality and restrictive covenant agreements, which to the extent curable, remains uncured for 30 days following executive’s receipt of written notice thereof; (v) executive’s gross negligence, willful misconduct or any other act of willful disregard for the Company’s or any of its affiliates’ best interests; or (vi) executive’s refusal to cooperate with a

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governmental or internal investigation of the Company or any of its affiliates, or its or their directors, officers or employees.

For purposes of the change in control agreement, “Good Reason” means the occurrence of any of the following events or conditions without executive’s written consent: (i) a decrease of more than 25% in executive’s base salary; (ii) a decrease of more than 25% in executive’s target bonus amount; (iii) a material diminution in executive’s authority, duties or responsibilities as an executive and/or officer of the Company or the assignment of duties to executive inconsistent with those of an executive and/or officer of the Company, other than as a result of a Change in Control immediately after which executive holds a position with the Company or its successor (or any other entity that owns substantially all of the Company’s business after such sale) that is substantially equivalent with respect to the Company’s business as executive held immediately prior to such Change in Control; (iv) a change in the geographic location of executive’s principal place of employment to any location that is more than 30 miles from the principal place of executive’s employment immediately prior to such change; or (v) the Company’s material breach of a material agreement with executive, including the Company’s failure to obtain an agreement from any successor to all or substantially all of the business or assets of the Company to assume the change in control agreement.

The Company has also entered into a letter agreement with Dr. Zeldin for the payment of benefits if Dr. Zeldin’s employment is terminated by Dr. Zeldin for Good Reason or by the Company other than for Cause, death or disability on or after the date on which neither Dr. Forbes nor Mr. Giroux is serving as the Company’s Chief Executive Officer, Chief Financial Officer or Chief Operating Officer, and such qualifying termination occurs prior to the occurrence of a Change in Control. The benefits payable are (i) thirty days’ notice of termination or pay in lieu of notice, (ii) base salary through the date of executive’s termination and any other amounts or benefits, if any, under the Company’s employee benefit plans, programs or arrangements to which executive may be entitled pursuant to the terms of such plans, programs or arrangements or applicable law, (iii) any unpaid annual bonus earned by executive for the year prior to the year in which the qualifying termination occurs, and (iv) one (1) times the executive’s annual base salary based on the rate in effect prior to any decrease that would give the executive the right to resign for Good Reason. For purposes of the letter agreement, “Cause” and “Good Reason” have the same meanings given such terms in Dr. Zeldin’s change in control agreement, as described above.

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DIRECTOR COMPENSATION

OverviewOverview

In June 2021 our Board of Directors, based on the recommendation of the Compensation Committee after consultation with TCS, approved certain changes to the annual equity awards under our non-employee director compensation program. Under our non-employee director compensation program, each non-employee director wasis eligible to receive the following amounts for their services on our Board of Directors during 2021:Directors:

an option to purchase 50,000 ordinary shares upon the non-employee director’s initial election or appointment to our Board of Directors;
if the non-employee director has served on our Board of Directors for at least six months as of the date of an annual general meeting of shareholders, and will continue to serve as a non-employee director immediately following such meeting, each non-employee director will receive on the date of the annual general meeting (i) in the case of a non-employee director serving as chairman of the Board, an option to purchase 20,000 ordinary shares and 20,000 restricted share units and (ii) in the case of all other non-employee directors, an option to purchase 15,000 ordinary shares and 15,000 restricted share units;
an annual non-employee director fee of $66,000; and
if the non-employee director serves on a Committee of our Board of Directors or in the other capacities stated below, an additional annual fee as follows:
chairman of the Board or lead independent director, $30,000;
chairman of the Audit Committee, $15,000;
Audit Committee member other than the chairman, $5,000;
chairman of the Compensation Committee, $10,000;
Compensation Committee member other than the chairman, $5,000;
chairman of the Nominating and Corporate Governance Committee, $10,000;
Nominating and Corporate Governance Committee member other than the chairman, $5,000;
Chairman of the Science and Technology Committee, $10,000; and

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Science and Technology Committee member other than the chairman, $5,000.

Options granted to our non-employee directors under the program have an exercise price equal to the fair market value of our ordinary shares on the date of grant and expire not later than ten years after the date of grant. The options granted upon a director’s initial election or appointment vest in thirty-six (36) substantially equal monthly installments following the date of grant. The options and restricted share units granted annually to directors vest in a single installment on the earlier of the day before the next annual general meeting or the first anniversary of the date of grant. In addition, all unvested options and restricted share units vest in full upon the occurrence of a change in control. The restricted share units granted in June 2021 will be settled on or within 30 days after the date the director ceases to serve on the Board, or, if earlier, upon the occurrence of a change in control. For restricted share units granted in future years,unit grants, the directors will be able tomay elect whether to defer the settlement of thesetheir restricted share unit awards under the Deferred Compensation Plan for Non-Employee Directors, which was adopted by the Board in December 2021.Directors. See the section entitled “Deferred Compensation Plan for Non-Employee Directors” below for additional information.

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20212022 Director Compensation Table

The following table sets forth the total director compensation in 2021. Dr. Yu joined the Board on April 25, 2022.

    

Fees

    

    

    

Earned or

Stock

Option

    

Fees Earned or

    

Stock

    

Option 

    

Paid in

Awards

Awards

Paid in Cash

Awards

Awards 

Total 

Name

Cash ($)

($)(1)

($)(1)

Total ($)

($)

($)(1)

($)(1)

($)

Keith R. Harris, Ph.D.

 

126,000

 

297,600

 

212,800

 

636,400

 

126,000

 

165,000

 

112,200

 

403,200

Ellen Hukkelhoven, Ph.D.(2)

 

 

223,200

 

159,600

 

382,800

 

 

123,750

 

84,150

 

207,900

Martin Indyk, Ph.D.

 

71,000

 

223,200

 

159,600

 

453,800

 

71,000

 

123,750

 

84,150

 

278,900

Arnold J. Levine, Ph.D.

 

81,000

 

223,200

 

159,600

 

463,800

 

81,000

 

123,750

 

84,150

 

288,900

Joel S. Marcus

 

81,000

 

223,200

 

159,600

 

463,800

Joel S. Marcus(3)

 

39,832

 

123,750

 

167,034

 

330,616

Lord Mendoza

 

81,000

 

223,200

 

159,600

 

463,800

 

81,000

 

123,750

 

84,150

 

288,900

Nicole Seligman

 

76,000

 

223,200

 

159,600

 

458,800

 

80,728

 

123,750

 

84,150

 

288,628

Thomas E. Shenk, Ph.D.

 

76,000

 

223,200

 

159,600

 

458,800

 

76,000

 

123,750

 

84,150

 

283,900

Debra Yu, M.D.(4)

 

44,967

 

 

421,000

 

465,967


(1)Amounts reflect the full grant-date fair value of option awards and restricted share units granted during 20212022 computed in accordance with FASB ASC Topic 718, rather than the amounts paid to or realized by the named individual. We provide information regarding the valuation methodology and assumptions used to calculate the value of these awards made to non-employee directors in Note 9 to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021,2022, filed with the SEC on March 10,14, 2023. Drs. Hukkelhoven, Levine and Shenk, Lord Mendoza and Ms. Seligman each elected to defer settlement of their restricted share units granted in 2022. See “Deferred Compensation Plan for Non-Employee Directors” below for information regarding the settlement of these deferred awards.
(2)Dr. Hukkelhoven waived the cash compensation payable to her for services on the Board during 2021.2022. Dr. Hukkelhoven is a Managing Directorthe Head of Biotechnology Investments of Perceptive Advisors, which has the right to receive the director compensation provided in respect of Dr. Hukkelhoven’s board service through a partial management fee offset.
(3)Mr. Marcus resigned from the Board on June 27, 2022. On July 9, 2022, to recognize Mr. Marcus’ long-standing service on the Board, the Board elected to modify the vested portion (as of his resignation date) of Mr. Marcus’ outstanding option awards to extend the expiration date of such awards to the three-year anniversary of his resignation date. As a result of the foregoing, in accordance with SEC rules, we have reported the grant date fair value of the annual option award he received on June 7, 2022, or $84,150, plus the incremental fair value of $82,884 related to the modification of the vested portion of his outstanding option awards. The option and restricted stock unit awards granted to Mr. Marcus on June 7, 2022 were forfeited upon his resignation from the Board in accordance with their terms.
(4)Dr. Yu joined the Board on April 25, 2022.

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The table below shows the aggregate number of option awards (exercisable and unexercisable), restricted share units and restricteddeferred share units held as of December 31, 20212022 by each non-employee director who was serving as of December 31, 2021.2022.

    

    

Restricted

Options

Share Units

    

    

Restricted

    

Deferred

Outstanding

Outstanding

Options

Share Units

Share Units

Name

(#)

(#)

Outstanding (#)

Outstanding (#)

Outstanding (#)

Keith R. Harris, Ph.D.

 

106,071

 

20,000

 

126,071

 

20,000

 

20,000

Ellen Hukkelhoven, Ph.D.(1)

 

80,459

 

15,000

 

95,459

 

15,000

 

15,000

Martin Indyk, Ph.D.

 

90,000

 

15,000

 

105,000

 

15,000

 

15,000

Arnold J. Levine, Ph.D.

 

86,900

 

15,000

 

101,900

 

15,000

 

15,000

Joel S. Marcus, J.D.

 

65,000

 

15,000

Lord Mendoza

 

93,341

 

15,000

 

108,341

 

15,000

 

15,000

Nicole Seligman

 

90,000

 

15,000

 

105,000

 

15,000

 

15,000

Thomas E. Shenk, Ph.D.

 

107,513

 

15,000

 

122,513

 

15,000

 

15,000

Debra Yu, M.D.

 

50,000

 

 


(1)Amounts shown for options outstanding represent (i) 15,459 options granted to Perceptive Life Sciences Master Fund, Ltd. (the “Perceptive Master Fund”), and (ii) 65,00080,000 options granted to Dr. Hukkelhoven, in each case, in respect of Dr. Hukkelhoven’s service as a non-employee director.

Deferred Compensation Plan for Non-Employee Directors

In December 2021, we adopted the Deferred Compensation Plan for Non-Employee Directors, or the Deferred Compensation Plan, which permits our non-employee directors to defer payment of all or a portion of the restricted share units granted to them for their service as a director. A participant’s election to defer receipt of these awards must generally be made prior to the year to which the award relates (or, for a newly nominated director, within 30 days following the date of the commencement of the director’s service as a director). Deferred awards are credited to an account in an equal amount of deferred share units with dividend equivalent rights. Dividend equivalent rights entitle a participant, as of a dividend

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payment date, to have credited to the participant’s deferred compensation account a number of additional deferred share units equal to the amount of any ordinary cash dividend paid by the Company on the number of ordinary shares equivalent to the number of deferred share units in the participant’s deferred compensation account as of the record date for the dividend, divided by the fair market value of one ordinary share on the dividend payment date. Deferred share units (including any additional deferred share units resulting from dividend equivalent rights) are subject to the same vesting or other forfeiture conditions that would have otherwise applied to the deferred awards. With respect to each deferred share unit granted under the Deferred Compensation Plan, we will issue to the participant one ordinary share (or, at the election of the Compensation Committee, an equivalent cash amount based on the fair market value of an ordinary share on the date immediately preceding the payment date) on the first to occur of (i) within 90 days following the participant’s separation from service (within the meaning of Section 409A of the Internal Revenue Code), (ii) immediately prior to, on, or within 30 days following a change in control or (iii) upon the participant’s death. If the participant is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code, the payment will instead be made on the later to occur of the scheduled distribution date and the first day of the seventh month following the date of the participant’s separation from service or, if earlier, the date of the participant’s death.

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EQUITY COMPENSATION PLAN INFORMATION

The following table provides information as of December 31, 2021, regarding our ordinary shares that may be issued under the 2016 Plan, the 2018 Plan and the MeiraGTx Holdings plc 2018 Employee Stock Purchase Plan (the “2018 ESPP”).

    

    

Weighted-Average

    

Number of Securities

Number of Securities

Exercise Price of

Available for Future

to be Issued Upon

Outstanding

Issuance Under Equity

Exercise of

Options,

Compensation Plans

Outstanding Options,

Warrants, and

(excludes securities

Warrants, and Rights

Rights

reflected in column(a))

Plan category:

(a)

(b)

(c)

Equity compensation plans approved by shareholders

 

  

 

  

 

  

2016 Plan(1)

 

1,184,459

$

5.26

 

2018 Plan (2)(3)

 

6,155,231

$

15.13

 

1,195,477

2018 ESPP (4)

 

 

 

1,592,528

Equity compensation plans not approved by shareholders

 

 

 

Total

 

7,339,690

$

13.16

 

2,788,005


(1)In connection with our IPO, we assumed the 2016 Plan. As the 2016 Plan was previously approved by our shareholders and, as we will not make future grants or awards under these plans, it is listed as “approved by shareholders.” As such, the securities remaining available under the 2016 Plan have been excluded from the table above.
(2)Pursuant to the terms of the 2018 Plan, the number of ordinary shares available for issuance under the 2018 Plan automatically increases on each January 1, until and including January 1, 2028, by an amount equal to the lesser of: (a) 4% of the aggregate number of ordinary shares outstanding on the final day of the immediately preceding calendar year and (b) such smaller number of ordinary shares as is determined by our Board of Directors.
(3)The weighted average exercise price of outstanding awards does not take into account the shares issuable upon vesting of outstanding restricted share units which have no exercise price. At December 31, 2021 there were a total of 1,415,000 shares subject to restricted share units included in the Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights.
(4)Pursuant to the terms of the 2018 ESPP, the number of ordinary shares available for issuance under the 2018 ESPP automatically increases on each January 1, until and including January 1, 2028, by an amount equal to the lesser of: (a) 1% of the aggregate number of ordinary shares outstanding on the final day of the immediately preceding calendar year and (b) such smaller number of ordinary shares as is determined by our board of directors, subject to the limit set forth in the 2018 ESPP.

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SHARE OWNERSHIP

Security Ownership of Certain Beneficial Owners and Management

The following table sets forth information relating to the beneficial ownership of our ordinary shares as of November 30, 2022,March 31, 2023, by:

each person, or group of affiliated persons, known by us to beneficially own more than 5% of our ordinary shares;
each of our directors;
each of our named executive officers for 2021;2022; and
all current directors and current executive officers as a group.

The number of shares beneficially owned by each shareholder is determined under rules issued by the SEC. Under these rules, a person is deemed to be a “beneficial” owner of a security if that person has or shares voting power or investment power, which includes the power to dispose of or to direct the disposition of such security. Except as indicated in the footnotes below, we believe, based on the information furnished to us, that the individuals and entities named in the table below have sole voting and investment power with respect to all of our ordinary shares beneficially owned by them, subject to any applicable community property laws.

The percentage of shares beneficially owned is computed on the basis of 48,477,20948,686,263 of our ordinary shares outstanding as of November 30, 2022.March 31, 2023. Ordinary shares that a person has the right to acquire within 60 days of November 30, 2022March 31, 2023 are deemed outstanding for purposes of computing the percentage ownership of the person holding such rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person, except with respect to the percentage ownership of all directors and executive officers as a group. Unless otherwise indicated below, the address for each beneficial owner listed is c/o MeiraGTx Holdings plc, 450 East 29th Street, 14th Floor, New York, New York 10016.

Shares Beneficially

 

Owned

 

Name of Beneficial Owner

Number

Percentage

 

Holders of Greater Than 5%

 

  

    

  

Perceptive Advisors, LLC(1)

 

7,028,736

 

14.5

%

Johnson & Johnson Innovation-JJDC, Inc.(2)

 

6,641,064

 

13.7

%

Entities affiliated with Orbimed(3)

 

3,727,466

 

7.7

%

Adage Capital Partners, L.P.(4)

 

2,863,054

 

5.9

%

Named Executive Officers and Directors

 

  

 

  

Alexandria Forbes, Ph.D.(5)

 

1,775,835

 

3.6

%

Keith R. Harris, Ph.D.(6)

 

126,071

 

*

Ellen Hukkelhoven, Ph.D.(7)

 

80,000

 

*

Martin Indyk, Ph.D.(8)

 

105,000

 

*

Arnold J. Levine, Ph.D.(9)

 

101,900

 

*

Lord Mendoza(10)

 

121,224

 

*

Nicole Seligman(11)

 

110,000

 

*

Thomas E. Shenk, Ph.D.(12)

 

279,989

 

*

Debra Yu, M.D.(13)

 

12,500

 

*

Richard Giroux(14)

 

1,264,792

 

2.6

%

Robert K. Zeldin, M.D.(15)

 

196,042

 

*

All executive officers and directors as a group (13 persons)(16)

 

5,045,101

 

9.9

%

Shares Beneficially

 

Owned

 

Name of Beneficial Owner

Number

Percentage

 

Holders of Greater Than 5%

    

  

    

  

Perceptive Advisors, LLC(1)

 

7,028,736

 

14.4

%

Johnson & Johnson Innovation-JJDC, Inc.(2)

 

6,641,064

 

13.6

%

Adage Capital Partners, L.P.(3)

 

3,105,800

 

6.4

%

Named Executive Officers and Directors

 

  

 

  

Alexandria Forbes, Ph.D.(4)

 

1,723,748

 

3.5

%

Keith R. Harris, Ph.D.(5)

 

126,071

 

*

Ellen Hukkelhoven, Ph.D.(6)

 

80,000

 

*

Martin Indyk, Ph.D.(7)

 

105,000

 

*

Arnold J. Levine, Ph.D.(8)

 

101,900

 

*

Lord Mendoza(9)

 

121,224

 

*

Nicole Seligman(10)

 

110,000

 

*

Thomas E. Shenk, Ph.D.(11)

 

279,989

 

*

Debra Yu, M.D.(12)

 

15,278

 

*

Richard Giroux(13)

 

1,221,859

 

2.5

%

Stuart Naylor, Ph.D.(14)

 

740,039

 

1.5

%

All executive officers and directors as a group (13 persons)(15)

 

4,909,849

 

9.7

%


*

Less than 1%.

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(1)Based on a Schedule 13D/A, filed with the SEC on November 24, 2020 and information known to the Company, each of Perceptive Advisors, Joseph Edelman (“Mr. Edelman”) and Perceptive Master Fund has shared voting and dispositive power over 6,933,277 of our ordinary shares and options to purchase 15,459 ordinary shares that are currently exercisable. Perceptive Advisors and Joseph Edelman also have shared voting and dispositive power over (i) options to purchase 65,000 ordinary shares that are currently exercisable and (ii) 15,000 deferred share units that, in each case, Perceptive Advisors has a right to pursuant to a management fee offset. The amount reported in the table above excludes the ordinary shares Perceptive Credit Holdings III, LP, an affiliate of Perceptive Advisors, is entitled to acquire under warrants issued on August 2, 2022.2022 as described in more detail below under “Certain Transactions with Related Persons—Debt Financing.” Perceptive Advisors serves as the investment advisor to the Perceptive Master Fund, and Mr. Edelman is the managing member of Perceptive Advisors. The address of each of the foregoing named reporting persons is c/o Perceptive Advisors, LLC, 51 Astor Place, 10th Floor, New York, New York 10003. Ellen Hukkelhoven, Ph.D., one of our directors, is a Managing Directorthe Head of Biotechnology Investments at Perceptive Advisors.
(2)Based solely on a Schedule 13G/A filed on November 14, 2022, each of Johnson & Johnson Innovation-JJDC, Inc. (“JJDC”) and Johnson & Johnson (“J&J”) has shared voting and dispositive power over 6,641,064 of our ordinary shares. JJDC is a wholly-owned subsidiary of J&J. The address for JJDC is 410 George Street, New Brunswick, NJ 08901, and the address for J&J is One Johnson & Johnson Plaza, New Brunswick, NJ 08933.
(3)Based solely on a Schedule 13G/A filed on February 11, 2022, Orbimed Capital LLC (“Orbimed Capital”) has sole voting and dispositive power over 3,593,966 of our ordinary shares and Orbimed Advisors LLC (“Orbimed Advisors”) has shared voting and dispositive power over 133,500 of our ordinary shares. Orbimed Capital and Orbimed Advisors are investment advisors in accordance with Rule 13d-1(b)(1)(ii)(E) under the Exchange Act. Orbimed Capital and Orbimed Advisors exercise investment and voting power over the shares they own through a management committee comprised of Carl L. Gordon, Sven H. Borho and W. Carter Neild, each of whom disclaims beneficial ownership of the ordinary shares. The address for each of Orbimed Capital and Orbimed Advisors is 601 Lexington Avenue, 54th Floor, New York, NY 10022.
(4)Based solely on a Schedule 13G/A filed on February 10, 2022,9, 2023, each of Adage Capital Partners, L.P. (“ACP”), Adage Capital Partners GP, L.L.C. (“ACPGP”), Adage Capital Advisors, L.L.C. (“ACA”), Robert Atchinson and Phillip Gross has shared voting and dispositive power over 2,863,0543,105,800 of our ordinary shares. ACP has the power to dispose of and the power to vote the ordinary shares beneficially owned by it, which power may be exercised by its general partner, ACPGP. ACA, as managing member of ACPGP, directs ACPGP’s operations. Messrs. Atchinson and Gross, as managing members of ACA, have shared power to vote the ordinary shares beneficially owned by ACP. The address for each of the foregoing named reporting persons is 200 Clarendon Street, 52nd Floor, Boston, Massachusetts 02116.
(5)(4)Includes for Dr. Forbes: (i) 409,858415,274 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022;March 31, 2023; and (ii) 108,750 restricted share units that are scheduled to vest within 60 daysan aggregate of November 30, 2022 and (iii) 27,024202,024 ordinary shares held by a grantor retained annuity trusttrusts for which Dr. Forbes is the trustee.
(6)(5)Includes for Dr. Harris: (i) 106,071 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022March 31, 2023 and (ii) 20,000 deferred share units that are settleable when Dr. Harris ceases to be a director.
(7)(6)Includes for Dr. Hukkelhoven: (i) 65,000 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022March 31, 2023 and (ii) 15,000 deferred share units that are settleable when Dr. Hukkelhoven ceases to be a director.
(8)(7)Includes for Ambassador Indyk: (i) 90,000 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022March 31, 2023 and (ii) 15,000 deferred share units that are settleable when Ambassador Indyk ceases to be a director.
(9)(8)Includes for Dr. Levine: (i) 86,900 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022March 31, 2023 and (ii) 15,000 deferred share units that are settleable when Dr. Levine ceases to be a director. Dr. Levine resigned from the Board on April 21, 2023.
(10)(9)Includes for Lord Mendoza: (i) 93,341 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022March 31, 2023 and (ii) 15,000 deferred share units that are settleable when Lord Mendoza ceases to be a director.
(11)(10)Includes for Ms. Seligman: (i) 90,000 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022March 31, 2023 and (ii) 15,000 deferred share units that are settleable when Ms. Seligman ceases to be a director.
(12)(11)Includes for Dr. Shenk: (i) 107,513 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022;March 31, 2023; (ii) 15,000 deferred share units that are settleable when Dr. Shenk ceases to be a director; and (iii) 157,476 ordinary shares held by Double Epiphany, LLC. The managing members of Double Epiphany, LLC are Thomas E. Shenk and Lillian W. Chiang, who have full voting and investment power with respect to the shares held by Double Epiphany, LLC.

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(13)(12)Includes for Dr. Yu 12,50015,278 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022.March 31, 2023.

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(14)(13)Includes for Mr. Giroux: (i) 347,879351,213 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022;March 31, 2023; (ii) 87,500 restricted share units that are scheduled to vest within 60 days of November 30, 2022; (iii) 11,122 ordinary shares held by a grantor retained annuity trust for which Mr. Giroux is the trustee; (iv)(iii) 73,878 ordinary shares owned by Aigle Healthcare Partners III LLC; and (v)(iv) 5,152 ordinary shares owned by Mr. Giroux’s spouse.
(15)(14)Includes for Dr. Zeldin: (i) 116,042Naylor 249,247 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022 and (ii) 75,000 restricted share units that are scheduled to vest within 60 days of November 30, 2022.March 31, 2023.
(16)(15)Includes for all executive officers and directors as a group: (i) 1,853,9351,898,379 ordinary shares underlying outstanding options that are or will be exercisable within 60 days of November 30, 2022;March 31, 2023; (ii) 368,750 restricted share units that are scheduled to vest within 60 days of November 30, 2022; (iii) 110,000 deferred share units; (iv)(iii) 231,354 ordinary shares held by limited liability companies; and (v) 43,298(iv) 218,298 ordinary shares held in the name of, or in trust for, certain executive officers, directors or their family members.

CERTAIN TRANSACTIONS WITH RELATED PERSONS

Policies and Procedures on Transactions with Related Persons

Our Board of Directors has adopted a written related person transaction policy setting forth the policies and procedures for the review and approval or ratification of related person transactions. This policy covers, with certain exceptions set forth in Item 404 of Regulation S-K, any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships, in which we were or are to be a participant, where the amount involved exceeds $5,000 in any one fiscal year and a “related person” (as defined under Regulation S-K) had, has or will have a direct or indirect material interest.

Our finance team is primarily responsible for developing and implementing processes and procedures to obtain information regarding related persons with respect to potential related person transactions and then determining, based on the facts and circumstances and in consultation with counsel as deemed necessary or advisable, whether such potential related person transactions constitute related person transactions requiring compliance with the policy. In addition, any potential related person transaction that is proposed to be entered into must be reported to our principal financial officer by both the related person and the person at the Company responsible for such potential related person transaction.

Unless exempted from the policy, the principal financial officer shall present to the Audit Committee (or the chairman of the Audit Committee) the related person transaction for review and the Audit Committee (or, where Audit Committee approval is not feasible, the chairman, subject to further ratification by the Audit Committee) shall approve or disapprove the related person transaction. In determining whether to approve the related person transaction, the Audit Committee is to review all relevant facts and circumstances, including whether the related person transaction is entered into on terms comparable to those that could be obtained on an arms-length basis with an unrelated third party, the extent of the related person’s interest in the transaction and taking into account the conflicts of interest and corporate opportunity provisions of the Company’s Code of Business Conduct and Ethics.

The following is a summary of transactions since January 1, 2021 that constitute related person transactions required to be disclosed pursuant to the applicable provisions of Item 404(a) and Item 404(d) of Regulation S-K. Each of the transactions described below entered into following the adoption of our related person transaction policy was approved in accordance with such policy or otherwise by the Board of Directors.

Indemnification Agreements

We entered into indemnification agreements with each of our directors and executive officers. These agreements, among other things, require us to indemnify each director (and in certain cases their related investment funds) and executive officer against all expenses such as attorneys’ fees, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by the director or executive officer or on his or her behalf, in connection with such proceeding or any claim, issue or matter therein, if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of our Company, and with respect to any criminal proceeding, had no reasonable cause to believe the person’s conduct was unlawful.

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ARE Agreement

In May 2019, we entered into a vivarium use agreement with ARE-East River Science Park, LLC (“ARE”) to lease space in a vivarium maintained in our New York office building for research and development purposes. ARE is an entity affiliated with Alexandria Real Estate Equities, Inc., which is a minority shareholder of the Company and whose executive chairman and founder, Joel S. Marcus, served as a director of the Company through June 2022. During 2021, we and ARE amended the vivarium use agreement three times to increase the size of our space in the vivarium, with the most recent amendment in October 2021 resulting in an annual rent of $151,505. During 2021 and 2022, we paid ARE an aggregate amount of $88,761 and $141,737, respectively.

Debt Financing

On August 2, 2022, we, as borrower, and our wholly-owned subsidiaries MeiraGTx UK II Limited and MeiraGTx Ireland DAC, as guarantors (the “Subsidiary Guarantors”), entered into a senior secured financing arrangement (the “Financing Agreement”) by and among us, the Subsidiary Guarantors, the lenders and other parties from time to time party thereto and Perceptive Credit Holdings, as administrative agent and lender. Perceptive Credit Holdings is an affiliate of Perceptive, a beneficial owner of more than 5% of the ordinary shares of the Company. Additionally, Ellen Hukkelhoven, Ph.D., a director of the Company, is the Head of Biotechnology Investments at Perceptive. On December 19, 2022, the Financing Agreement was converted to a note purchase agreement (as converted, the “Note Purchase Agreement”) between the same parties and under substantially the same terms and conditions as the Financing Agreement. The Note Purchase Agreement provides for an initial $75.0 million notes issuance (the “Tranche 1 Notes”), and we may request an additional $25.0 million notes issuance to be made available at Perceptive Credit Holding’s sole discretion before August 2, 2024. Outstanding amounts under the Note Purchase Agreement bear interest at a fluctuating rate per annum equal to 10.00% plus the secured overnight financing rate administered by the Federal Reserve Bank of New York for a one-month tenor, subject to a 1.00% floor. The annual interest rate was 13.02% at December 31, 2022. As of December 31, 2022, the outstanding balance of the Tranche 1 Notes was $75.0 million plus accrued interest of $4.0 million. During the year ended December 31, 2022, we recorded interest expense of $4.0 million. In connection with entering into the Financing Agreement, we granted warrants to Perceptive Credit Holdings to purchase up to (i) 400,000 ordinary shares of the Company at an exercise price of $15.00 per share and (ii) 300,000 ordinary shares of the Company at an exercise price of $20.00 per share. The warrants are exercisable immediately and expire on August 2, 2027.

SHAREHOLDER PROPOSALS AND DIRECTOR NOMINATIONS

Shareholders who intend to have a proposal considered for inclusion in our proxy materials for presentation at our 20232024 Annual Meeting pursuant to Rule 14a-8 under the Exchange Act must submit the proposal to our Secretary at our offices at 450 East 29thStreet, 14thFloor, New York, New York 10016, in writing not later than January 2,December 29, 2023.

Under our Articles all business carried out at a general meeting shall be deemed special with the exception of sanctioning a dividend, the consideration of the accounts, balance sheets, any report of the Board or of the Company’s auditors, and the fixing of the remuneration of the Company’s auditors. No special business shall be transacted at any general meeting without the consent of all shareholders entitled to receive notice of that meeting unless notice of such special business has been given in the notice convening that meeting. In addition, no business may be transacted at any general meeting other than business that is either specified in the notice of the meeting given by or at the direction of the Board (including on the requisition of shareholders in accordance with the Articles) or otherwise properly brought before an annual general meeting by or at the direction of the Board. A general meeting may be called by the Board of Directors or any other person authorized to do so in our Articles. Under our Articles, general meetings shall also be convened on the requisition in writing of any shareholder or shareholders entitled to attend and vote at general meetings of the Company and to exercise at least a majority of the voting power permitted to be exercised at any such meeting, deposited at the registered office of the Company specifying the objects of the meeting for a date no later than 21 days from the date of deposit of the requisition signed by such shareholders and, if the Board does not convene such meeting for a date not later than 45 days after the date of such deposit, such shareholders themselves may convene the general meeting in the same manner, as nearly as possible, as that in which general meetings may be convened by the Board.

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We reserve the right to reject, rule out of order or take other appropriate action with respect to any proposal that does not comply with these or other applicable requirements.

HOUSEHOLDINGHOUSEHOLDING

SEC rules permit companies and intermediaries such as brokers to satisfy delivery requirements for proxy statements and notices with respect to two or more shareholders sharing the same address by delivering a single proxy statement or a single notice addressed to those shareholders. This process, which is commonly referred to as “householding,” provides cost savings for companies and helps the environment by conserving natural resources. Some brokers household proxy materials, delivering a single proxy statement or notice to multiple shareholders sharing an address unless contrary instructions have been received from the affected shareholders. Once you have received notice from your broker that they will be householding materials to your address, householding will continue until you are notified otherwise or until you revoke your consent. If, at any time, you no longer wish to participate in householding and would prefer to receive a separate proxy statement or notice, or if your household is receiving multiple copies of these documents and you wish to request that future deliveries be limited to a single copy, please notify your broker. You can also request prompt delivery of a copy of this Proxy Statement and the Annual Report by contacting Broadridge Financial Solutions, Inc. at (866) 540-7095 or in writing at Broadridge, Householding Department, 51 Mercedes Way, Edgewood, New York 11717.

302022 ANNUAL REPORT


TableOur 2022 Annual Report, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, is being mailed with this Proxy Statement to those shareholders that receive this Proxy Statement in the mail. Shareholders that receive the Notice Regarding the Availability of ContentsProxy Materials can also access our 2022 Annual Report on Form 10-K for 2022 at www.proxyvote.com.

Our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 has also been filed with the SEC. It is available free of charge at the SEC’s website at www.sec.gov. Upon written request by a shareholder, we will mail without charge a copy of our Annual Report on Form 10-K, including the financial statements and financial statement schedules, but excluding exhibits. Exhibits to the Annual Report on Form 10-K are available upon payment of a reasonable fee, which is limited to our expenses in furnishing the requested exhibit. All requests should be directed to the Secretary, MeiraGTx Holdings plc, 450 East 29th Street, 14th Floor, New York, New York 10016.

Your vote is important. Please promptly vote your shares by following the instructions for voting on the Notice Regarding the Availability of Proxy Materials or, if you received a paper or electronic copy of our proxy materials, by completing, signing, dating and returning your proxy card or by Internet or telephone voting as described on your proxy card.

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Annex A

MEIRAGTX HOLDINGS PLC

2018 INCENTIVE AWARD PLAN

(AS AMENDED AND RESTATED)

ARTICLE 1

PURPOSE

The Plan’s purpose is to enhance the Company’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing these individuals with equity ownership opportunities. Capitalized terms used in the Plan are defined in Article XI.

ARTICLE 2

ELIGIBILITY

Service Providers are eligible to be granted Awards under the Plan, subject to the limitations described herein.

ARTICLE 3

ADMINISTRATION AND DELEGATION

3.1Administration. The Plan is administered by the Administrator. The Administrator has authority to determine which Service Providers receive Awards, grant Awards and set Award terms and conditions, subject to the conditions and limitations in the Plan. The Administrator also has the authority to take all actions and make all determinations under the Plan, to interpret the Plan and Award Agreements and to adopt, amend and repeal Plan administrative rules, guidelines and practices as it deems advisable. The Administrator may correct defects and ambiguities, supply omissions and reconcile inconsistencies in the Plan or any Award as it deems necessary or appropriate to administer the Plan and any Awards. The Administrator’s determinations under the Plan are in its sole discretion and will be final and binding on all persons having or claiming any interest in the Plan or any Award.

3.2Appointment of Committees. To the extent Applicable Laws permit, the Board may delegate any or all of its powers under the Plan to one or more Committees or officers of the Company or any of its Subsidiaries. The Board may abolish any Committee or re-vest in itself any previously delegated authority at any time.

ARTICLE 4

SHARES AVAILABLE FOR AWARDS

4.1Number of Shares. Subject to adjustment under Article VIII and the terms of this Article IV, Awards may be made under the Plan covering up to the Overall Share Limit. As of the Plan’s original effective date under Section 10.3, the Company ceased granting awards under the Prior Plans; however, Prior Plan Awards remain subject to the terms of the applicable Prior Plan. Shares issued under the Plan may consist of authorized but unissued Shares, Shares purchased on the open market or treasury Shares.Graphic

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4.2Share Recycling. If all or any part of an Award or Prior Plan Award expires, lapses or is terminated, exchanged for cash, surrendered, repurchased, canceled without having been fully exercised or forfeited, in any case, in a manner that results in the Company acquiring Shares covered by the Award or Prior Plan Award at a price not greater than the price (as adjusted to reflect any Equity Restructuring) paid by the Participant for such Shares or not issuing any Shares covered by the Award or Prior Plan Award, the unused Shares covered by the Award or Prior Plan Award will, as applicable, become or again be available for Award grants under the Plan. Further, Shares delivered (either by actual delivery or attestation) to the Company by a Participant to satisfy the applicable exercise or purchase price of an Award or Prior Plan Award and/or to satisfy any applicable tax withholding obligation (including Shares retained by the Company from the Award or Prior Plan Award being exercised or purchased and/or creating the tax obligation) will, as applicable, become or again be available for Award grants under the Plan. The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards or Prior Plan Awards shall not count against the Overall Share Limit.

4.3Incentive Stock Option Limitations. Notwithstanding anything to the contrary herein, no more than 20,426,073 Shares may be issued pursuant to the exercise of Incentive Stock Options.

4.4Substitute Awards. In connection with an entity’s merger or consolidation with the Company or the Company’s acquisition of an entity’s property or stock, the Administrator may grant Awards in substitution for any options or other stock or stock-based awards granted before such merger or consolidation by such entity or its affiliate. Substitute Awards may be granted on such terms as the Administrator deems appropriate, notwithstanding limitations on Awards in the Plan. Substitute Awards will not count against the Overall Share Limit (nor shall Shares subject to a Substitute Award be added to the Shares available for Awards under the Plan as provided above), except that Shares acquired by exercise of substitute Incentive Stock Options will count against the maximum number of Shares that may be issued pursuant to the exercise of Incentive Stock Options under the Plan. Additionally, in the event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines has shares available under a pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan (and Shares subject to such Awards shall not be added to the Shares available for Awards under the Plan as provided above); provided that Awards using such available shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not Employees or Directors prior to such acquisition or combination.

4.5Non-Employee Director Compensation. Notwithstanding any provision to the contrary in the Plan, the Administrator may establish compensation for non-employee Directors from time to time, subject to the limitations in the Plan. The Administrator will from time to time determine the terms, conditions and amounts of all such non-employee Director compensation in its discretion and pursuant to the exercise of its business judgment, taking into account such factors, circumstances and considerations as it shall deem relevant from time to time.

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ARTICLE 5

OPTIONS AND SHARE APPRECIATION RIGHTS

5.1General. The Administrator may grant Options or Share Appreciation Rights to Service Providers subject to the limitations in the Plan, including any limitations in the Plan that apply to Incentive Stock Options. The Administrator will determine the number of Shares covered by each Option and Share Appreciation Right, the exercise price of each Option and Share Appreciation Right and the conditions and limitations applicable to the exercise of each Option and Share Appreciation Right. A Share Appreciation Right will entitle the Participant (or other person entitled to exercise the Share Appreciation Right) to receive from the Company upon exercise of the exercisable portion of the Share Appreciation Right an amount determined by multiplying the excess, if any, of the Fair Market Value of one Share on the date of exercise over the exercise price per Share of the Share Appreciation Right by the number of Shares with respect to which the Share Appreciation Right is exercised, subject to any limitations of the Plan or that the Administrator may impose and payable in cash, Shares valued at Fair Market Value or a combination of the two as the Administrator may determine or provide in the Award Agreement.

5.2Exercise Price. The Administrator will establish each Option’s and Share Appreciation Right’s exercise price and specify the exercise price in the Award Agreement. The exercise price will not be less than 100% of the Fair Market Value on the grant date of the Option or Share Appreciation Right.

5.3Duration. Each Option or Share Appreciation Right will be exercisable at such times and as specified in the Award Agreement, provided that the term of an Option or Share Appreciation Right will not exceed ten years. Notwithstanding the foregoing and unless determined otherwise by the Company, in the event that on the last business day of the term of an Option or Share Appreciation Right (other than an Incentive Stock Option) (i) the exercise of the Option or Share Appreciation Right is prohibited by Applicable Law, as determined by the Company, or (ii) Shares may not be purchased or sold by the applicable Participant due to any Company insider trading policy (including blackout periods) or a “lock-up” agreement undertaken in connection with an issuance of securities by the Company, the term of the Option or Share Appreciation Right shall be extended until the date that is thirty (30) days after the end of the legal prohibition, black-out period or lock-up agreement, as determined by the Company; provided, however, in no event shall the extension last beyond the ten year term of the applicable Option or Share Appreciation Right. Notwithstanding the foregoing, if the Participant, prior to the end of the term of an Option or Share Appreciation Right, violates the non-competition, non-solicitation, confidentiality or other similar restrictive covenant provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company or any of its Subsidiaries, the right of the Participant and the Participant’s transferees to exercise any Option or Share Appreciation Right issued to the Participant shall terminate immediately upon such violation, unless the Company otherwise determines. In addition, if, prior to the end of the term of an Option or Share Appreciation Right, the Participant is given notice by the Company or any of its Subsidiaries of the Participant’s Termination of Service by the Company or any of its Subsidiaries for Cause, and the effective date of such Termination of Service is subsequent to the date of the delivery of such notice, the right of the Participant and the Participant’s transferees to exercise any Option or Share Appreciation Right issued to the Participant shall be suspended from the time of the delivery of such notice until the earlier of (i) such time as it is determined or otherwise agreed that the Participant’s service as a Service Provider will not be terminated for Cause as provided in such notice or (ii) the effective date of the Participant’s Termination of Service by the Company or any of its Subsidiaries for Cause (in which case the right of the Participant and the Participant’s transferees to exercise any Option or Share Appreciation Right issued to the Participant will terminate immediately upon the effective date of such termination of Service).

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5.4Exercise. Options and Share Appreciation Rights may be exercised by delivering to the Company a written notice of exercise, in a form the Administrator approves (which may be electronic), signed by the person authorized to exercise the Option or Share Appreciation Right, together with, as applicable, payment in full (i) as specified in Section 5.5 for the number of Shares for which the Award is exercised and (ii) as specified in Section 9.5 for any applicable taxes. Unless the Administrator otherwise determines, an Option or Share Appreciation Right may not be exercised for a fraction of a Share.

5.5Payment Upon Exercise. Subject to Section 10.8, any Company insider trading policy (including blackout periods) and Applicable Laws, the exercise price of an Option must be paid by:

(a)cash, wire transfer of immediately available funds or by check payable to the order of the Company, provided that the Company may limit the use of one of the foregoing payment forms if one or more of the payment forms below is permitted;
(b)if there is a public market for Shares at the time of exercise, unless the Company otherwise determines, (A) delivery (including telephonically to the extent permitted by the Company) of an irrevocable and unconditional undertaking by a broker acceptable to the Company to deliver promptly to the Company sufficient funds to pay the exercise price, or (B) the Participant’s delivery to the Company of a copy of irrevocable and unconditional instructions to a broker acceptable to the Company to deliver promptly to the Company cash or a check sufficient to pay the exercise price; provided that such amount is paid to the Company at such time as may be required by the Administrator;
(c)to the extent permitted by the Administrator, delivery (either by actual delivery or attestation) of Shares owned by the Participant valued at their Fair Market Value;
(d)to the extent permitted by the Administrator, surrendering Shares then issuable upon the Option’s exercise valued at their Fair Market Value on the exercise date;
(e)to the extent permitted by the Administrator, delivery of a promissory note or any other property that the Administrator determines is good and valuable consideration; or
(f)to the extent permitted by the Company, any combination of the above payment forms approved by the Administrator.

ARTICLE 6

RESTRICTED SHARES; RESTRICTED SHARE UNITS

6.1General. The Administrator may grant Restricted Shares, or the right to purchase Restricted Shares, to any Service Provider, subject to the Company’s right to repurchase all or part of such shares at their issue price or other stated or formula price from the Participant (or to require forfeiture of such shares) if conditions the Administrator specifies in the Award Agreement are not satisfied before the end of the applicable restriction period or periods that the Administrator establishes for such Award. In addition, the Administrator may grant to Service Providers Restricted Share Units, which may be subject to vesting and forfeiture conditions during the applicable restriction period or periods, as set forth in an Award Agreement. The Administrator will determine and set forth in the Award Agreement the terms and conditions for each Restricted Shares and Restricted Share Unit Award, subject to the conditions and limitations contained in the Plan.

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6.2Restricted Shares.

(a)Dividends. Participants holding Restricted Shares will be entitled to all ordinary cash dividends paid with respect to such Shares, unless the Administrator provides otherwise in the Award Agreement. In addition, unless the Administrator provides otherwise, if any dividends or distributions are paid in Shares, or consist of a dividend or distribution to holders of Ordinary Shares of property other than an ordinary cash dividend, the Shares or other property will be subject to the same restrictions on transferability and forfeitability as the Restricted Shares with respect to which they were paid.
(b)Share Certificates. The Company may require that the Participant deposit in escrow with the Company (or its designee) any share certificates issued in respect of the Restricted Shares, together with a form of proxy and form of transfer endorsed in blank.

6.3Restricted Share Units.

(a)Settlement. The Administrator may provide that settlement of Restricted Share Units will occur upon or as soon as reasonably practicable after the Restricted Share Units vest or will instead be deferred, on a mandatory basis or at the Participant’s election, in a manner intended to comply with Section 409A.
(b)Shareholder Rights. A Participant will have no rights of a shareholder with respect to Shares subject to any Restricted Share Unit unless and until the Shares are delivered in settlement of the Restricted Share Unit.
(c)Dividend Equivalents. If the Administrator provides, a grant of Restricted Share Units may provide a Participant with the right to receive Dividend Equivalents. Dividend Equivalents may be paid currently or credited to an account for the Participant, settled in cash or Shares and subject to the same restrictions on transferability and forfeitability as the Restricted Share Units with respect to which the Dividend Equivalents are granted and subject to other terms and conditions as set forth in the Award Agreement.

ARTICLE 7

OTHER SHARE OR CASH BASED AWARDS

Other Share or Cash Based Awards may be granted to Participants, including Awards entitling Participants to receive Shares to be delivered in the future and including annual or other periodic or long-term cash bonus awards (whether based on specified Performance Criteria or otherwise), in each case subject to any conditions and limitations in the Plan. Such Other Share or Cash Based Awards will also be available as a payment form in the settlement of other Awards, as standalone payments and as payment in lieu of compensation to which a Participant is otherwise entitled. Other Share or Cash Based Awards may be paid in Shares, cash or other property, as the Administrator determines. Subject to the provisions of the Plan, the Administrator will determine the terms and conditions of each Other Share or Cash Based Award, including any purchase price, performance goal (which may be based on the Performance Criteria), transfer restrictions, and vesting conditions, which will be set forth in the applicable Award Agreement.

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ARTICLE 8

ADJUSTMENTS FOR CHANGES IN ORDINARY SHARES

AND CERTAIN OTHER EVENTS

8.1Equity Restructuring(a). In connection with any Equity Restructuring, notwithstanding anything to the contrary in this Article VIII, the Administrator will equitably adjust each outstanding Award as it deems appropriate to reflect the Equity Restructuring, which may include adjusting the number and type of securities subject to each outstanding Award and/or the Award’s exercise price or grant price (if applicable), granting new Awards to Participants, and making a cash payment to Participants. The adjustments provided under this Section 8.1 will be nondiscretionary and final and binding on the affected Participant and the Company; provided that the Administrator will determine whether an adjustment is equitable.

8.2Corporate Transactions. In the event of any dividend or other distribution (whether in the form of cash, Ordinary Shares, other securities, or other property), reorganization, merger, consolidation, combination, amalgamation, repurchase, recapitalization, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or sale or exchange of Ordinary Shares or other securities of the Company, Change in Control, issuance of warrants or other rights to purchase Ordinary Shares or other securities of the Company, other similar corporate transaction or event, other unusual or nonrecurring transaction or event affecting the Company or its financial statements or any change in any Applicable Laws or accounting principles, the Administrator, on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event (except that action to give effect to a change in Applicable Law or accounting principles may be made within a reasonable period of time after such change) and either automatically or upon the Participant’s request, is hereby authorized to take any one or more of the following actions whenever the Administrator determines that such action is appropriate in order to (x) prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under the Plan or with respect to any Award granted or issued under the Plan, (y) to facilitate such transaction or event or (z) give effect to such changes in Applicable Laws or accounting principles:

(a)To provide for the cancellation of any such Award in exchange for either an amount of cash or other property with a value equal to the amount that could have been obtained upon the exercise or settlement of the vested portion of such Award or realization of the Participant’s rights under the vested portion of such Award, as applicable; provided that, if the amount that could have been obtained upon the exercise or settlement of the vested portion of such Award or realization of the Participant’s rights, in any case, is equal to or less than zero, then the Award may be terminated without payment;
(b)To provide that such Award shall vest and, to the extent applicable, be exercisable as to all shares covered thereby, notwithstanding anything to the contrary in the Plan or the provisions of such Award;
(c)To provide that such Award be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and/or applicable exercise or purchase price, in all cases, as determined by the Administrator;

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(d)To make adjustments in the number and type of Ordinary Shares (or other securities or property) subject to outstanding Awards and/or with respect to which Awards may be granted under the Plan (including, but not limited to, adjustments of the limitations in Article IV hereof on the maximum number and kind of shares which may be issued) and/or in the terms and conditions of (including the grant or exercise price), and the criteria included in, outstanding Awards;
(e)To replace such Award with other rights or property selected by the Administrator; and/or
(f)To provide that the Award will terminate and cannot vest, be exercised or become payable after the applicable event.

8.3Administrative Stand Still. In the event of any pending share dividend, share split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to shareholders, or any other extraordinary transaction or change affecting the Shares or the share price of Ordinary Shares, including any Equity Restructuring or any securities offering or other similar transaction, for administrative convenience, the Administrator may refuse to permit the exercise of any Award for up to sixty days before or after such transaction.

8.4General. Except as expressly provided in the Plan or the Administrator’s action under the Plan, no Participant will have any rights due to any subdivision or consolidation of Shares of any class, dividend payment, increase or decrease in the number of Shares of any class or dissolution, liquidation, merger, or consolidation of the Company or other corporation. Except as expressly provided with respect to an Equity Restructuring under Section 8.1 above or the Administrator’s action under the Plan, no issuance by the Company of Shares of any class, or securities convertible into Shares of any class, will affect, and no adjustment will be made regarding, the number of Shares subject to an Award or the Award’s grant or exercise price. The existence of the Plan, any Award Agreements and the Awards granted hereunder will not affect or restrict in any way the Company’s right or power to make or authorize (i) any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, (ii) any merger, consolidation, dissolution or liquidation of the Company or sale of Company assets or (iii) any sale or issuance of securities, including securities with rights superior to those of the Shares or securities convertible into or exchangeable for Shares. The Administrator may treat Participants and Awards (or portions thereof) differently under this Article VIII.

ARTICLE 9

GENERAL PROVISIONS APPLICABLE TO AWARDS

9.1Transferability. Except as the Administrator may determine or provide in an Award Agreement or otherwise for Awards other than Incentive Stock Options, Awards may not be sold, assigned, transferred, pledged or otherwise encumbered, either voluntarily or by operation of law, except by will or the laws of descent and distribution, or, subject to the Administrator’s consent, pursuant to a domestic relations order, and, during the life of the Participant, will be exercisable only by the Participant. References to a Participant, to the extent relevant in the context, will include references to a Participant’s authorized transferee that the Administrator specifically approves.

9.2Documentation. Each Award will be evidenced in an Award Agreement, which may be written or electronic, as the Administrator determines. Each Award may contain terms and conditions in addition to those set forth in the Plan.

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9.3Discretion. Except as the Plan otherwise provides, each Award may be made alone or in addition or in relation to any other Award. The terms of each Award to a Participant need not be identical, and the Administrator need not treat Participants or Awards (or portions thereof) uniformly.

9.4Termination of Status. The Administrator will determine how the disability, death, retirement, authorized leave of absence or any other change or purported change in a Participant’s Service Provider status affects an Award and the extent to which, and the period during which, the Participant, the Participant’s legal representative, conservator, guardian or Designated Beneficiary may exercise rights under the Award, if applicable.

9.5Withholding. Each Participant must pay the Company, or make provision satisfactory to the Administrator for payment of, any taxes required by law to be withheld in connection with such Participant’s Awards by the date of the event creating the tax liability. The Company may deduct an amount sufficient to satisfy such tax obligations based on the applicable statutory withholding rates (or such other rate as may be determined by the Company after considering any accounting consequences or costs) from any payment of any kind otherwise due to a Participant. Subject to Section 10.8 and any Company insider trading policy (including blackout periods), Participants may satisfy such tax obligations (i) in cash, by wire transfer of immediately available funds, by check made payable to the order of the Company, provided that the Company may limit the use of the foregoing payment forms if one or more of the payment forms below is permitted, (ii) to the extent permitted by the Administrator, in whole or in part by delivery of Shares, including Shares retained from the Award creating the tax obligation, valued at their Fair Market Value, (iii) if there is a public market for Shares at the time the tax obligations are satisfied, unless the Company otherwise determines, (A) delivery (including telephonically to the extent permitted by the Company) of an irrevocable and unconditional undertaking by a broker acceptable to the Company to deliver promptly to the Company sufficient funds to satisfy the tax obligations, or (B) delivery by the Participant to the Company of a copy of irrevocable and unconditional instructions to a broker acceptable to the Company to deliver promptly to the Company cash or a check sufficient to satisfy the tax withholding; provided that such amount is paid to the Company at such time as may be required by the Administrator, or (iv) to the extent permitted by the Company, any combination of the foregoing payment forms approved by the Administrator. If any tax withholding obligation will be satisfied under clause (ii) of the immediately preceding sentence by the Company’s retention of Shares from the Award creating the tax obligation and there is a public market for Shares at the time the tax obligation is satisfied, the Company may elect to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on the applicable Participant’s behalf some or all of the Shares retained and to remit the proceeds of the sale to the Company or its designee, and each Participant’s acceptance of an Award under the Plan will constitute the Participant’s authorization to the Company and instruction and authorization to such brokerage firm to complete the transactions described in this sentence.

9.6Amendment of Award; Repricing. The Administrator may amend, modify or terminate any outstanding Award, including by substituting another Award of the same or a different type, changing the exercise or settlement date, and converting an Incentive Stock Option to a Non-Qualified Stock Option. The Participant’s consent to such action will be required unless (i) the action, taking into account any related action, does not materially and adversely affect the Participant’s rights under the Award, or (ii) the change is permitted under Article VIII or pursuant to Section 10.6. Notwithstanding the foregoing or anything in the Plan to the contrary, the Administrator may not except pursuant to Article VIII, without the approval of the shareholders of the Company, reduce the exercise price per share of outstanding Options or Share Appreciation Rights or cancel outstanding Options or Share Appreciation Rights in exchange for cash, other Awards or Options or Share Appreciation Rights with an exercise price per share that is less than the exercise price per share of the original Options or Share Appreciation Rights.

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9.7Conditions on Delivery of Shares. The Company will not be obligated to deliver any Shares under the Plan or remove restrictions from Shares previously delivered under the Plan until (i) all Award conditions have been met or removed to the Company’s satisfaction, (ii) as determined by the Company, all other legal matters regarding the issuance and delivery of such Shares have been satisfied, including any applicable securities laws and stock exchange or stock market rules and regulations, and (iii) the Participant has executed and delivered to the Company such representations or agreements as the Administrator deems necessary or appropriate to satisfy any Applicable Laws. The Company’s inability to obtain authority from any regulatory body having jurisdiction, which the Administrator determines is necessary to the lawful issuance and sale of any securities, will relieve the Company of any liability for failing to issue or sell such Shares as to which such requisite authority has not been obtained.

9.8Acceleration. The Administrator may at any time provide that any Award will become immediately vested and fully or partially exercisable, free of some or all restrictions or conditions, or otherwise fully or partially realizable.

9.9Additional Terms of Incentive Stock Options. The Administrator may grant Incentive Stock Options only to employees of the Company, any of its present or future parent or subsidiary corporations, as defined in Sections 424(e) or (f) of the Code, respectively, and any other entities the employees of which are eligible to receive Incentive Stock Options under the Code. If an Incentive Stock Option is granted to a Greater Than 10% Shareholder, the exercise price will not be less than 110% of the Fair Market Value on the Option’s grant date, and the term of the Option will not exceed five years. All Incentive Stock Options will be subject to and construed consistently with Section 422 of the Code. By accepting an Incentive Stock Option, the Participant agrees to give prompt notice to the Company of dispositions or other transfers (other than in connection with a Change in Control) of Shares acquired under the Option made within (i) two years from the grant date of the Option or (ii) one year after the transfer of such Shares to the Participant, specifying the date of the disposition or other transfer and the amount the Participant realized, in cash, other property, assumption of indebtedness or other consideration, in such disposition or other transfer. Neither the Company nor the Administrator will be liable to a Participant, or any other party, if an Incentive Stock Option fails or ceases to qualify as an “incentive stock option” under Section 422 of the Code. Any Incentive Stock Option or portion thereof that fails to qualify as an “incentive stock option” under Section 422 of the Code for any reason, including becoming exercisable with respect to Shares having a fair market value exceeding the $100,000 limitation under Treasury Regulation Section 1.422-4, will be a Non-Qualified Stock Option.

ARTICLE 10

MISCELLANEOUS

10.1No Right to Employment or Other Status. No person will have any claim or right to be granted an Award, and the grant of an Award will not be construed as giving a Participant the right to continued employment or any other relationship with the Company. The Company expressly reserves the right at any time to dismiss or otherwise terminate its relationship with a Participant free from any liability or claim under the Plan or any Award, except as expressly provided in an Award Agreement.

10.2No Rights as Shareholder; Certificates. Subject to the Award Agreement, no Participant or Designated Beneficiary will have any rights as a shareholder with respect to any Shares to be distributed under an Award until becoming the record holder of such Shares. Notwithstanding any other provision of the Plan, unless the Administrator otherwise determines or Applicable Laws require, the Company will not be required to deliver to any Participant certificates evidencing Shares issued in connection with any Award and instead such Shares may be recorded in the books of the Company (or, as applicable, its transfer agent or share plan administrator). The Company may place legends on share certificates issued under the Plan that the Administrator deems necessary or appropriate to comply with Applicable Laws.

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10.3Effective Date and Term of Plan. The Plan originally became effective on the day prior to the Public Trading Date. The Plan, as amended and restated, will become effective on December 22, 2022, the date the amended and restated Plan was approved by the Board, subject to approval of the Plan by the Company’s shareholders. Unless earlier terminated by the Board, the Plan will remain in effect until May 25, 2028, the tenth anniversary of the date the Board originally adopted the Plan, but Awards previously granted may extend beyond that date in accordance with the Plan. If the Plan, as amended and restated, is not approved by the Company’s shareholders, the amendment and restatement of the Plan will not become effective and the Plan will continue in full force and effect in accordance with its terms as in effect prior to the date the amended and restated Plan was approved by the Board.

10.4Amendment of Plan. The Administrator may amend, suspend or terminate the Plan at any time; provided that no amendment, other than an increase to the Overall Share Limit, may materially and adversely affect any Award outstanding at the time of such amendment without the affected Participant’s consent. No Awards may be granted under the Plan during any suspension period or after Plan termination. Awards outstanding at the time of any Plan suspension or termination will continue to be governed by the Plan and the Award Agreement, as in effect before such suspension or termination. The Board will obtain shareholder approval of any Plan amendment to the extent necessary to comply with Applicable Laws.

10.5Provisions for Non-US Participants. The Administrator may modify Awards granted to Participants who are non-US nationals or employed outside the United States or establish subplans or procedures under the Plan to address differences in laws, rules, regulations or customs of such jurisdictions outside the United States with respect to tax, securities, currency, employee benefit or other matters.

10.6Section 409A.

(a)General. The Company intends that all Awards be structured to comply with, or be exempt from, Section 409A, such that no adverse tax consequences, interest, or penalties under Section 409A apply. Notwithstanding anything in the Plan or any Award Agreement to the contrary, the Administrator may, without a Participant’s consent, amend this Plan or Awards, adopt policies and procedures, or take any other actions (including amendments, policies, procedures and retroactive actions) as are necessary or appropriate to preserve the intended tax treatment of Awards, including any such actions intended to (A) exempt this Plan or any Award from Section 409A, or (B) comply with Section 409A, including regulations, guidance, compliance programs and other interpretative authority that may be issued after an Award’s grant date. The Company makes no representations or warranties as to an Award’s tax treatment under Section 409A or otherwise. The Company will have no obligation under this Section 10.6 or otherwise to avoid the taxes, penalties or interest under Section 409A with respect to any Award and will have no liability to any Participant or any other person if any Award, compensation or other benefits under the Plan are determined to constitute noncompliant “nonqualified deferred compensation” subject to taxes, penalties or interest under Section 409A.

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(b)Separation from Service. If an Award constitutes “nonqualified deferred compensation” under Section 409A, any payment or settlement of such Award upon a termination of a Participant’s Service Provider relationship will, to the extent necessary to avoid taxes under Section 409A, be made only upon the Participant’s “separation from service” (within the meaning of Section 409A), whether such “separation from service” occurs upon or after the termination of the Participant’s Service Provider relationship. For purposes of this Plan or any Award Agreement relating to any such payments or benefits, references to a “termination,” “termination of employment” or like terms means a “separation from service.”
(c)Payments to Specified Employees. Notwithstanding any contrary provision in the Plan or any Award Agreement, any payment(s) of “nonqualified deferred compensation” required to be made under an Award to a “specified employee” (as defined under Section 409A and as the Administrator determines) due to his or her “separation from service” will, to the extent necessary to avoid taxes under Section 409A(a)(2)(B)(i) of the Code, be delayed for the six-month period immediately following such “separation from service” (or, if earlier, until the specified employee’s death) and will instead be paid (as set forth in the Award Agreement) on the day immediately following such six-month period or as soon as administratively practicable thereafter (without interest). Any payments of “nonqualified deferred compensation” under such Award payable more than six months following the Participant’s “separation from service” will be paid at the time or times the payments are otherwise scheduled to be made.

10.7Limitations on Liability. Notwithstanding any other provisions of the Plan, no individual acting as a director, officer, other employee or agent of the Company or any Subsidiary will be liable to any Participant, former Participant, spouse, beneficiary, or any other person for any claim, loss, liability, or expense incurred in connection with the Plan or any Award, and such individual will not be personally liable with respect to the Plan because of any contract or other instrument executed in his or her capacity as an Administrator, director, officer, other employee or agent of the Company or any Subsidiary. The Company will indemnify and hold harmless each director, officer, other employee and agent of the Company or any Subsidiary that has been or will be granted or delegated any duty or power relating to the Plan’s administration or interpretation, against any cost or expense (including attorneys’ fees) or liability (including any sum paid in settlement of a claim with the Administrator’s approval) arising from any act or omission concerning this Plan unless arising from such person’s own fraud or bad faith.

10.8Lock-Up Period. The Company may, at the request of any underwriter representative or otherwise, in connection with registering the offering of any Company securities under the Securities Act, prohibit Participants from, directly or indirectly, selling or otherwise transferring any Shares or other Company securities during a period of up to one hundred eighty days following the effective date of a Company registration statement filed under the Securities Act, or such longer period as determined by the underwriter.

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10.9Data Privacy. As a condition for receiving any Award, each Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of personal data as described in this section by and among the Company and its Subsidiaries and affiliates exclusively for implementing, administering and managing the Participant’s participation in the Plan. The Company and its Subsidiaries and affiliates may hold certain personal information about a Participant, including the Participant’s name, address and telephone number; birthdate; social security, insurance number or other identification number; salary; nationality; job title(s); any Shares held in the Company or its Subsidiaries and affiliates; and Award details, to implement, manage and administer the Plan and Awards (the “Data”). The Company and its Subsidiaries and affiliates may transfer the Data amongst themselves as necessary to implement, administer and manage a Participant’s participation in the Plan, and the Company and its Subsidiaries and affiliates may transfer the Data to third parties assisting the Company with Plan implementation, administration and management. These recipients may be located in the Participant’s country, or elsewhere, and the Participant’s country may have different data privacy laws and protections than the recipients’ country. By accepting an Award, each Participant authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, to implement, administer and manage the Participant’s participation in the Plan, including any required Data transfer to a broker or other third party with whom the Company or the Participant may elect to deposit any Shares. The Data related to a Participant will be held only as long as necessary to implement, administer, and manage the Participant’s participation in the Plan. A Participant may, at any time, view the Data that the Company holds regarding such Participant, request additional information about the storage and processing of the Data regarding such Participant, recommend any necessary corrections to the Data regarding the Participant or refuse or withdraw the consents in this Section 10.9 in writing, without cost, by contacting the local human resources representative. The Company may cancel Participant’s ability to participate in the Plan and, in the Administrator’s discretion, the Participant may forfeit any outstanding Awards if the Participant refuses or withdraws the consents in this Section 10.9. For more information on the consequences of refusing or withdrawing consent, Participants may contact their local human resources representative.

10.10Severability. If any portion of the Plan or any action taken under it is held illegal or invalid for any reason, the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provisions had been excluded, and the illegal or invalid action will be null and void.

10.11Governing Documents. If any contradiction occurs between the Plan and any Award Agreement or other written agreement between a Participant and the Company (or any Subsidiary) that the Administrator has approved, the Plan will govern, unless it is expressly specified in such Award Agreement or other written document that a specific provision of the Plan will not apply.

10.12Governing Law. The Plan and all Awards will be governed by and interpreted in accordance with the laws of the Cayman Islands, disregarding any choice-of-law principles requiring the application of a jurisdiction’s laws other than the Cayman Islands.

10.13Claw-back Provisions. All Awards (including any proceeds, gains or other economic benefit the Participant actually or constructively receives upon receipt or exercise of any Award or the receipt or resale of any Shares underlying the Award) will be subject to any Company claw-back policy, including any claw-back policy adopted to comply with Applicable Laws (including the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder) as set forth in such claw-back policy or the Award Agreement.

10.14Titles and Headings. The titles and headings in the Plan are for convenience of reference only and, if any conflict, the Plan’s text, rather than such titles or headings, will control.

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10.15Conformity to Securities Laws. Participant acknowledges that the Plan is intended to conform to the extent necessary with Applicable Laws. Notwithstanding anything herein to the contrary, the Plan and all Awards will be administered only in conformance with Applicable Laws. To the extent Applicable Laws permit, the Plan and all Award Agreements will be deemed amended as necessary to conform to Applicable Laws.

10.16Relationship to Other Benefits. No payment under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except as expressly provided in writing in such other plan or an agreement thereunder.

10.17Broker-Assisted Sales. In the event of a broker-assisted sale of Shares in connection with the payment of amounts owed by a Participant under or with respect to the Plan or Awards, including amounts to be paid under the final sentence of Section 9.5: (a) any Shares to be sold through the broker-assisted sale will be sold on the day the payment first becomes due, or as soon thereafter as practicable; (b) such Shares may be sold as part of a block trade with other Participants in the Plan in which all participants receive an average price; (c) the applicable Participant will be responsible for all broker’s fees and other costs of sale, and by accepting an Award, each Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale; (d) to the extent the Company or its designee receives proceeds of such sale that exceed the amount owed, the Company will pay such excess in cash to the applicable Participant as soon as reasonably practicable; (e) the Company and its designees are under no obligation to arrange for such sale at any particular price; and (f) in the event the proceeds of such sale are insufficient to satisfy the Participant’s applicable obligation, the Participant may be required to pay immediately upon demand to the Company or its designee an amount in cash sufficient to satisfy any remaining portion of the Participant’s obligation.

ARTICLE 11

DEFINITIONS

As used in the Plan, the following words and phrases will have the following meanings:

11.1Administrator” means the Board or a Committee to the extent that the Board’s powers or authority under the Plan have been delegated to such Committee.

11.2Applicable Laws” means the requirements relating to the administration of equity incentive plans under Cayman Islands and U.S. federal and state securities, tax and other applicable laws, rules and regulations, the applicable rules of any stock exchange or quotation system on which the Ordinary Shares are listed or quoted and the applicable laws and rules of any other country or jurisdiction where Awards are granted or governed.

11.3Award” means, individually or collectively, a grant under the Plan of Options, Share Appreciation Rights, Restricted Shares, Restricted Share Units or Other Share or Cash Based Awards.

11.4Award Agreement” means a written agreement evidencing an Award, which may be electronic, that contains such terms and conditions as the Administrator determines, consistent with and subject to the terms and conditions of the Plan.

11.5Board” means the Board of Directors of the Company.

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11.6Cause” means (i) if a Participant is a party to a written employment or consulting agreement with the Company or any of its Subsidiaries or an Award Agreement in which the term “cause” is defined (a “Relevant Agreement”), “Cause” as defined in the Relevant Agreement, and (ii) if no Relevant Agreement exists, (A) the Administrator’s determination that the Participant failed to substantially perform the Participant’s duties (other than a failure resulting from the Participant’s Disability); (B) the Administrator’s determination that the Participant failed to carry out, or comply with any lawful and reasonable directive of the Board or the Participant’s immediate supervisor; (C) the occurrence of any act or omission by the Participant that could reasonably be expected to result in (or has resulted in) the Participant’s conviction, plea of no contest, plea of nolo contendere, or imposition of unadjudicated probation for any felony or indictable offense or crime involving moral turpitude; (D) the Participant’s unlawful use (including being under the influence) or possession of illegal drugs on the premises of the Company or any of its Subsidiaries or while performing the Participant’s duties and responsibilities for the Company or any of its Subsidiaries; or (E) the Participant’s commission of an act of fraud, embezzlement, misappropriation, misconduct, or breach of fiduciary duty against the Company or any of its Subsidiaries.

11.7Change in Control” means and includes each of the following:

(a)A transaction or series of transactions (other than an offering of Ordinary Shares to the general public through a registration statement filed with the Securities and Exchange Commission or a transaction or series of transactions that meets the requirements of clauses (i) and (ii) of subsection (c) below) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any of its Subsidiaries, an employee benefit plan maintained by the Company or any of its Subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50% of the total combined voting power of the Company’s securities outstanding immediately after such acquisition; or
(b)During any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new Director(s) (other than a Director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in subsections (a) or (c)) whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the Directors then still in office who either were Directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or
(c)The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions or (z) the acquisition of assets or stock of another entity, in each case other than a transaction:
(i)which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and

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(ii)after which no person or group beneficially owns voting securities representing 50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (ii) as beneficially owning 50% or more of the combined voting power of the Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction.

Notwithstanding the foregoing, if a Change in Control constitutes a payment event with respect to any Award (or portion of any Award) that provides for the deferral of compensation that is subject to Section 409A, to the extent required to avoid the imposition of additional taxes under Section 409A, the transaction or event described in subsection (a), (b) or (c) with respect to such Award (or portion thereof) shall only constitute a Change in Control for purposes of the payment timing of such Award if such transaction also constitutes a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5).

The Administrator shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of authority in conjunction with a determination of whether a Change in Control is a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation.

11.8Code” means the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.

11.9Committee” means one or more committees or subcommittees of the Board, which may include one or more Company directors or executive officers, to the extent Applicable Laws permit. To the extent required to comply with the provisions of Rule 16b-3, it is intended that each member of the Committee will be, at the time the Committee takes any action with respect to an Award that is subject to Rule 16b-3, a “non-employee director” within the meaning of Rule 16b-3; however, a Committee member’s failure to qualify as a “non-employee director” within the meaning of Rule 16b-3 will not invalidate any Award granted by the Committee that is otherwise validly granted under the Plan.

11.10Company” means MeiraGTx Holdings plc, an exempted company limited by shares incorporated under the laws of the Cayman Islands, or any successor.

11.11Consultant” means any person, including any adviser, engaged by the Company or its parent or Subsidiary to render services to such entity if the consultant or adviser: (i) renders bona fide services to the Company; (ii) renders services not in connection with the offer or sale of securities in a capital-raising transaction and does not directly or indirectly promote or maintain a market for the Company’s securities; and (iii) is a natural person.

11.12Designated Beneficiary” means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

11.13Director” means a Board member.

11.14Disability” means a permanent and total disability under Section 22(e)(3) of the Code, as amended.

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11.15Dividend Equivalents” means a right granted to a Participant under the Plan to receive the equivalent value (in cash or Shares) of dividends paid on Shares.

11.16Employee” means any employee of the Company or its Subsidiaries.

11.17Equity Restructuring” means a nonreciprocal transaction between the Company and its shareholders, such as a share dividend, share split, share consolidation, spin-off or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other Company securities) or the share price of Ordinary Shares (or other Company securities) and causes a change in the per share value of the Ordinary Shares underlying outstanding Awards.

11.18Exchange Act” means the Securities Exchange Act of 1934, as amended.

11.19Fair Market Value” means, as of any date, the value of Ordinary Shares determined as follows: (i) if the Ordinary Shares are listed on any established stock exchange, its Fair Market Value will be the closing sales price for such Ordinary Shares as quoted on such exchange for such date, or if no sale occurred on such date, the last day preceding such date during which a sale occurred, as reported in The Wall Street Journal or another source the Administrator deems reliable; (ii) if the Ordinary Shares are not traded on a stock exchange but is quoted on a national market or other quotation system, the closing sales price on such date, or if no sales occurred on such date, then on the last date preceding such date during which a sale occurred, as reported in The Wall Street Journal or another source the Administrator deems reliable; or (iii) without an established market for the Ordinary Shares, the Administrator will determine the Fair Market Value in its discretion. Notwithstanding the foregoing, with respect to any Award granted on the pricing date of the Company’s initial public offering, the Fair Market Value shall mean the initial public offering price of a Share as set forth in the Company’s final prospectus relating to its initial public offering filed with the Securities and Exchange Commission.

11.20Greater Than 10% Shareholder” means an individual then owning (within the meaning of Section 424(d) of the Code) more than 10% of the total combined voting power of all classes of shares of the Company or its parent or subsidiary corporation, as defined in Section 424(e) and (f) of the Code, respectively.

11.21Incentive Stock Option” means an Option intended to qualify as an “incentive stock option” as defined in Section 422 of the Code.

11.22Non-Qualified Stock Option” means an Option not intended or not qualifying as an Incentive Stock Option.

11.23Option” means an option to purchase Shares.

11.24Ordinary Shares” means the ordinary shares of the Company.

11.25Other Share or Cash Based Awards” means cash awards, awards of Shares, and other awards valued wholly or partially by referring to, or are otherwise based on, Shares or other property.

11.26Overall Share Limit” means the sum of (i) 6,933,172 Shares; (ii) any Ordinary Shares which are subject to Prior Plan Awards which become available for issuance under the Plan pursuant to Article IV and (iii) an annual increase on the first day of each calendar year beginning January 1, 2019 and ending on and including January 1, 2028, equal to the lesser of (A) 4% of the aggregate number of Shares outstanding on the final day of the immediately preceding calendar year and (B) such smaller number of Shares as is determined by the Board.

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11.27Participant” means a Service Provider who has been granted an Award.

11.28Performance Criteria” mean the criteria (and adjustments) that the Administrator may select for an Award to establish performance goals for a performance period, which may include the following: net earnings or losses (either before or after one or more of interest, taxes, depreciation, amortization, and non-cash equity-based compensation expense); gross or net sales or revenue or sales or revenue growth; net income (either before or after taxes) or adjusted net income; profits (including but not limited to gross profits, net profits, profit growth, net operation profit or economic profit), profit return ratios or operating margin; budget or operating earnings (either before or after taxes or before or after allocation of corporate overhead and bonus); cash flow (including operating cash flow and free cash flow or cash flow return on capital); return on assets; return on capital or invested capital; cost of capital; return on shareholders’ equity; total shareholder return; return on sales; costs, reductions in costs and cost control measures; expenses; working capital; earnings or loss per share; adjusted earnings or loss per share; price per share or dividends per share (or appreciation in or maintenance of such price or dividends); regulatory achievements or compliance; implementation, completion or attainment of objectives relating to research, development, regulatory, commercial, or strategic milestones or developments; market share; economic value or economic value added models; division, group or corporate financial goals; customer satisfaction/growth; customer service; employee satisfaction; recruitment and maintenance of personnel; human resources management; supervision of litigation and other legal matters; strategic partnerships and transactions; financial ratios (including those measuring liquidity, activity, profitability or leverage); debt levels or reductions; sales-related goals; financing and other capital raising transactions; cash on hand; acquisition activity; investment sourcing activity; and marketing initiatives, any of which may be measured in absolute terms or as compared to any incremental increase or decrease. Such performance goals also may be based solely by reference to the Company’s performance or the performance of a Subsidiary, division, business segment or business unit of the Company or a Subsidiary, or based upon performance relative to performance of other companies or upon comparisons of any of the indicators of performance relative to performance of other companies. The Committee may provide for exclusion of the impact of an event or occurrence which the Committee determines should appropriately be excluded, including (a) restructurings, discontinued operations, extraordinary items, and other unusual, infrequently occurring or non-recurring charges or events, (b) asset write-downs, (c) litigation or claim judgments or settlements, (d) acquisitions or divestitures, (e) reorganization or change in the corporate structure or capital structure of the Company, (f) an event either not directly related to the operations of the Company, Subsidiary, division, business segment or business unit or not within the reasonable control of management, (g) foreign exchange gains and losses, (h) a change in the fiscal year of the Company, (i) the refinancing or repurchase of bank loans or debt securities, (j) unbudgeted capital expenditures, (k) the issuance or repurchase of equity securities and other changes in the number of outstanding shares, (l) conversion of some or all of convertible securities to Ordinary Shares, (m) any business interruption event (n) the cumulative effects of tax or accounting changes in accordance with U.S. generally accepted accounting principles, or (o) the effect of changes in other laws or regulatory rules affecting reported results.

11.29Plan” means this 2018 Incentive Award Plan.

11.30Prior Plans” means, collectively, the MeiraGTx Limited 2016 Equity Incentive Plan and any prior equity incentive plans of the Company or its predecessor.

11.31Prior Plan Award” means an award outstanding under the Prior Plans as of the Plan’s original effective date in Section 10.3.

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11.32Public Trading Date” means the first date upon which the Ordinary Shares are listed (or approved for listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system, or, if earlier, the date on which the Company becomes a “publicly held corporation” for purposes of Treasury Regulation Section 1.162-27(c)(1).

11.33Restricted Shares” means Shares awarded to a Participant under Article VI subject to certain vesting conditions and other restrictions.

11.34Restricted Share Unit” means an unfunded, unsecured right to receive, on the applicable settlement date, one Share or an amount in cash or other consideration determined by the Administrator to be of equal value as of such settlement date, subject to certain vesting conditions and other restrictions.

11.35Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act.

11.36Section 409A” means Section 409A of the Code and all regulations, guidance, compliance programs and other interpretative authority thereunder.

11.37Securities Act” means the Securities Act of 1933, as amended.

11.38Service Provider” means an Employee, Consultant or Director.

11.39Share” or “Shares” means an Ordinary Share or Ordinary Shares.

11.40Share Appreciation Right” means a share appreciation right granted under Article V.

11.41Subsidiary” means any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests representing at least 50% of the total combined voting power of all classes of securities or interests in one of the other entities in such chain.

11.42Substitute Awards” shall mean Awards granted or Shares issued by the Company in assumption of, or in substitution or exchange for, awards previously granted, or the right or obligation to make future awards, in each case by a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines.

11.43Termination of Service” means the date the Participant ceases to be a Service Provider.

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THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.KEEP THIS PORTION FOR YOUR RECORDSDETACH AND RETURN THIS PORTION ONLYTOSignature [PLEASE SIGN WITHIN BOX] Date Signature (Joint Owners) Date TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: Signature (Joint Owners)Signature [PLEASE SIGN WITHIN BOX]DateDate SCAN TO VIEW MATERIALS & VOTE 0 0 0 0 0 0 0000586295_1 R1.0.0.3KEEP THIS PORTION FOR YOUR RECORDS DETACH AND RETURN THIS PORTION ONLY THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED. V15115-P92486 ! ! ! For All Withhold All For All Except For Against Abstain ! ! ! MEIRAGTX HOLDINGS PLC To withhold authority to vote for any individual nominee(s), mark "For All Except" and write the number(s) of the nominee(s) on the line below. MEIRAGTX HOLDINGS PLC 450 EAST 29TH STREET, 14TH FLOOR NEW YORK, NY 10016 01) Ellen Hukkelhoven, Ph.D. 02) Nicole Seligman 03) Debra Yu, M.D. 2. To ratify, by ordinary resolution, the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer. NOTE: To transact such other business as may properly come before the Annual Meeting or any continuation, postponement or adjournment thereof. The Board of Directors recommends you vote FOR each of the following nominees: The Board of Directors recommends you vote FOR the following proposal: Nominees: 1. Election of Directors VOTE BY INTERNET Before The Meeting - Go to www.proxyvote.com or scan the QR Barcode above Use the Internet to transmit your voting instructions and for electronic delivery of information up until 11:59 p.m. Eastern Time on January 23,June 7, 2023. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction form. During The Meeting - Go to www.virtualshareholdermeeting.com/MGTX2023SMMGTX2023 You may attend the meeting via the Internet and vote during the meeting. Have the information that is printed in the box marked by the arrow available and follow the instructions. VOTE BY PHONE - 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions up until 11:59 p.m. Eastern Time on January 23,June 7, 2023. Have your proxy card in hand when you call and then follow the instructions. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. The Board of Directors recommends you vote FOR proposals 1 and 2. For Against Abstain 1. To approve an amendment and restatement of the MeiraGTx Holdings plc 2018 Incentive Award Plan to increase the number of ordinary shares authorized for issuance thereunder. 2. To approve an ordinary resolution to approve the adjournment of the Special Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies and if, based upon the tabulated vote at the time of the Special Meeting, there are insufficient votes to approve Proposal No. 1. NOTE: To transact such other business as may properly come before the Special Meeting or any continuation, postponement or adjournment thereof. Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.SCAN TO VIEW MATERIALS & VOTEw


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0000586295_2 R1.0.0.3V15116-P92486 Important Notice Regarding the Availability of Proxy Materials for the SpecialAnnual Meeting: The Notice &of Annual General Meeting, Proxy Statement isand Annual Report on Form 10-K are available at www.proxyvote.comwww.proxyvote.com. MEIRAGTX HOLDINGS PLC SpecialAnnual General Meeting of Shareholders January 24,June 8, 2023 10:00 AM Eastern StandardDaylight Time This proxy is solicited by the Board of Directors The undersigned shareholder(s) hereby appoint(s) Alexandria Forbes, Ph.D., Richard Giroux and Robert J. Wollin, or any of them, as proxies, each with the power to appoint his or her substitute, and hereby authorize(s) them to represent and to vote, all of the ordinary shares of MEIRAGTX HOLDINGS PLCMeiraGTx Holdings plc that the shareholder(s) is/are entitled to vote at the SpecialAnnual General Meeting of Shareholders to be held at 10:00 AM, Eastern StandardDaylight Time on January 24,June 8, 2023 and any adjournment or postponement thereof, upon all matters as may properly come before the meeting, with all powers which the undersigned would possess if present at the meeting. This proxy, when properly executed, will be voted in the manner directed herein by the undersigned shareholder(s). If no such direction is made, this proxy will be voted in accordance with the Board of Directors' recommendations, as indicated on the reverse side and in the discretion of the proxies with respect to such matters as may properly come before the SpecialAnnual Meeting. Continued and to be signed on reverse side