Form 4: Precigen Director Fred Hassan Reports Acquisition and Disposal of Common Stock and Restricted Stock Units

Director Fred Hassan reports acquiring and disposing of Precigen, Inc. common stock and restricted stock units (RSUs) on March 13 and 14, 2025.

Summary

• Fred Hassan, a director of Precigen, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 13, 2025, Hassan acquired 36,206 shares of common stock at $1.74 per share in lieu of an annual retainer of $63,000 and 71,839 restricted stock units (RSUs) that vest in full on March 13, 2026.
• Also on March 13, 2025, Hassan acquired an option to purchase 83,517 shares of common stock at $1.74, exercisable from March 13, 2025, to March 13, 2035.
• On March 14, 2025, Hassan acquired 87,412 shares of common stock and 87,412 RSUs that vested in full on the same day.
• Following these transactions, Hassan beneficially owns 1,153,452 shares of common stock and no RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.

Comparison to Industry Standards

• Director compensation packages often include a mix of salary, stock options, and restricted stock units.
• The vesting schedules and exercise prices are typical for such arrangements.
• The specific terms would need to be compared to similar companies in the biotechnology industry to assess their competitiveness.

Related Party Transactions

• The issuance of shares to Fred Hassan in lieu of an annual retainer is a related party transaction.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting the share base.
• The director's compensation structure impacts the company's financials.

Key Dates