Form 4: PepGen Inc. Executive Acquires Shares and Stock Options

Mary Beth DeLena, General Counsel of PepGen Inc., reports acquisition of common stock and stock options.

Summary

• On March 3, 2025, Mary Beth DeLena, General Counsel of PepGen Inc., acquired 13,400 shares of common stock through restricted stock units (RSUs).
• These RSUs vest in equal annual installments over four years, starting March 3, 2026, contingent on continued service with the company.
• DeLena also acquired stock options for 60,000 shares of common stock at an exercise price of $2.81.
• 25% of these options vest on March 3, 2026, with the remainder vesting in 36 equal monthly installments, also subject to continued service.
• Following these transactions, DeLena directly owns 14,968 shares of common stock and options for 60,000 shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock and option grants to an executive. The vesting schedule incentivizes continued employment.

Positives

• The acquisition of shares and options by a key executive signals confidence in the company's future prospects.

Future Outlook

The vesting schedules for the RSUs and stock options are contingent on the Reporting Person's continued service or employment with the Company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's view of the company's prospects.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it indicates confidence from a key executive.

Key Dates