Form 4: Precigen Director Sells $12.5M in Stock

Randal J. Kirk, a Director and 10% owner of Precigen, Inc., reported selling over 2.9 million shares of common stock across three transactions in November 2025.

Summary

• Randal J. Kirk, a Director and 10% owner of Precigen, Inc. (PGEN), sold a total of 2,966,293 shares of common stock.
• The sales occurred on November 19, 2025, November 20, 2025, and November 21, 2025.
• On November 19, 2025, 1,086,153 shares were sold at a weighted average price of $4.47, with prices ranging from $4.31 to $4.68.
• On November 20, 2025, 942,832 shares were sold at a weighted average price of $4.08, with prices ranging from $3.90 to $4.42.
• On November 21, 2025, 937,308 shares were sold at a price of $3.83.
• Following these transactions, Mr. Kirk's indirect beneficial ownership includes shares held by various entities he controls, such as Kapital Joe, R.J. Kirk DOT, Parkview 2020, JPK 2008, JPK 2009, JPK 2012, MGK 2008, MGK 2009, MGK 2011, ZSK 2008, ZSK 2009, Kellie L. Banks LTT, Lotus Capital, Sunset 2020, and Third Security, as well as shares held by his spouse.
• Mr. Kirk disclaims beneficial ownership of shares held by these entities, except to the extent of any pecuniary interest.

Sentiment

Score: 3

Explanation: The significant sale of shares by a director and 10% owner, especially over consecutive days with declining prices, typically signals a negative outlook or a need for liquidity, which can erode investor confidence.

Negatives

• Significant insider selling by a Director and 10% owner, Randal J. Kirk, totaling 2,966,293 shares.
• The sales occurred over three consecutive days, suggesting a deliberate reduction in holdings.
• The selling prices decreased over the three days ($4.47, $4.08, $3.83), indicating a potential downward trend in the stock price during the selling period.

Risks

• Insider selling can signal a lack of confidence in the company's future prospects by a key executive and major shareholder.
• Large-scale selling by a 10% owner could put downward pressure on the stock price.
• The market may interpret these sales negatively, leading to decreased investor confidence.

Related Party Transactions

• Randal J. Kirk controls multiple entities (e.g., Kapital Joe, R.J. Kirk DOT, Third Security) through which he indirectly holds shares of Precigen, Inc. He disclaims beneficial ownership of these shares except to the extent of any pecuniary interest.

Stakeholder Impact

• Shareholders may perceive the significant insider selling as a negative signal regarding the company's future performance or valuation.
• Potential for negative impact on stock price due to increased supply from insider sales and decreased investor confidence.

Key Dates

Recommendation

The substantial and consecutive selling of shares by a Director and 10% owner, Randal J. Kirk, suggests a lack of confidence in the company's near-term prospects or a belief that the stock is overvalued. Such significant insider selling, especially with declining prices during the sale period, often precedes further stock price weakness and is generally interpreted negatively by the market. Investors should consider reducing exposure or avoiding new positions until there is clearer positive fundamental news or a reversal in insider sentiment.

Keywords

Precigen, PGEN, Randal J. Kirk, Insider Selling, Form 4, Beneficial Ownership, Stock Sale, Director, 10% Owner, Equity Transaction