Form 4: Precigen Director Cesar L. Alvarez Reports Stock Transactions
SEC Form 4 Filing
Director Cesar L. Alvarez reports the vesting and subsequent disposal of restricted stock units into Precigen common stock on March 9, 2024.
Summary
- On March 9, 2024, Cesar L. Alvarez, a director of Precigen, Inc., had 106,837 restricted stock units (RSUs) vest.
- Each RSU represents a contingent right to receive one share of Precigen common stock.
- Upon vesting, the 106,837 shares of common stock were disposed of.
- Following the reported transaction, Alvarez beneficially owns 526,227 shares of Precigen common stock.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a director at Precigen, which is typical for publicly traded companies.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of transaction: vesting of restricted stock units and disposal of common stock. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.