Form 4: Director Timothy Wright Reports Acquisition of Deferred Stock Units in Agenus Inc.

Director Timothy Wright reports acquiring 2,532.661 Deferred Stock Units of Agenus Inc. on January 2, 2025, under the company's Amended and Restated Directors' Deferred Compensation Plan.

Summary

• Timothy Wright, a director of Agenus Inc., reported acquiring 2,532.661 Deferred Stock Units on January 2, 2025.
• The acquisition was made under the Agenus Inc. Amended and Restated Directors' Deferred Compensation Plan.
• These Deferred Stock Units convert to shares of Common Stock on a 1 for 1 basis.
• The price of each Deferred Stock Unit acquired is $3.70.
• Following the transaction, Wright beneficially owns 14,204.083 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it's a standard reporting of stock unit acquisition. The acquisition itself is a positive sign of director alignment with the company's future.

Future Outlook

The Deferred Stock Units will be distributed under the terms of the Plan, typically once the director ceases to serve as a director of the Company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates