Form 4: Precigen Director Randal J. Kirk Reports Acquisition and Disposal of Common Stock and Derivative Securities
SEC Form 4 Filing
Director Randal J. Kirk reports transactions involving Precigen, Inc. common stock and derivative securities, including acquisitions of stock and options, and disposal of restricted stock units.
Summary
- On March 13, 2025, Randal J. Kirk acquired 57,471 shares of Precigen common stock at a price of $1.74 per share.
- On the same day, Kirk acquired 143,678 restricted stock units (RSUs) and an option to purchase 167,034 shares of common stock at $1.74.
- On March 14, 2025, Kirk disposed of 174,825 restricted stock units.
- Following these transactions, Kirk beneficially owns 64,779,510 shares of common stock indirectly through various entities.
- The RSUs acquired on March 13, 2025, vest on the one-year anniversary of the grant date, contingent upon Kirk's continued service to the issuer.
- The RSUs disposed of on March 14, 2025, were granted on March 14, 2024, and vested in their entirety on the one-year anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, detailing transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock and derivative ownership.
Future Outlook
The restricted stock units acquired on March 13, 2025, will vest on the one-year anniversary of the grant date, contingent upon Mr. Kirk's continued service.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's view of the company's prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key insider.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of grant for restricted stock units that vested on the one-year anniversary. |
| 03/13/2025 | Date of acquisition of common stock, restricted stock units, and options. |
| 03/13/2025 | Date the option to purchase common stock becomes exercisable. |
| 03/13/2035 | Expiration date of the option to purchase common stock. |
| 03/14/2025 | Date of disposal of restricted stock units. |
| 03/17/2025 | Date of signature for the Form 4 filing. |
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