Form 4: Agenus Inc. Director Susan B. Hirsch Reports Acquisition of Deferred Stock Units

Director Susan B. Hirsch reports acquiring deferred stock units convertible to common stock under Agenus Inc.'s compensation plan.

Summary

• On January 2, 2025, Susan B. Hirsch, a director of Agenus Inc., reported acquiring 6,416.074 deferred stock units.
• These units were acquired under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan.
• The deferred stock units convert to shares of common stock on a 1 for 1 basis and are typically distributed once the director ceases to serve as a director of the company.
• The price of each Deferred Stock Unit acquired on January 2, 2025 is $3.70.
• Following the transaction, Hirsch beneficially owns 16,206.567 deferred stock units.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction, with no inherent positive or negative implications.

Future Outlook

The deferred stock units will be converted to common stock, typically when the director ceases to serve as a director of the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company directors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in the director's holdings.
• The transaction has a minor impact on employees as it reflects a change in the director's holdings.
• The transaction has a minor impact on customers as it reflects a change in the director's holdings.
• The transaction has a minor impact on suppliers as it reflects a change in the director's holdings.
• The transaction has a minor impact on creditors as it reflects a change in the director's holdings.

Key Dates