Form 4: Precigen Director Fred Hassan Reports Stock Unit Vesting and Share Ownership
SEC Form 4 Filing
Director Fred Hassan reported the vesting of restricted stock units and subsequent ownership of Precigen, Inc. common stock.
Summary
- On March 9, 2024, Fred Hassan, 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.
- Following the vesting, Hassan directly owns 985,779 shares of Precigen common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock ownership changes, neither particularly positive nor negative.
Positives
- The vesting of RSUs indicates that performance milestones or time-based vesting requirements have been met.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/09/2024 | Date of transaction: Restricted Stock Units vested and converted to common stock. |
| 03/12/2024 | Date of signature on the SEC Form 4 filing. |
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