Form 4: Precigen Director Vinita D. Gupta Acquires Shares and Stock Units

Director Vinita D. Gupta reports acquisition of Precigen shares and restricted stock units (RSUs) in lieu of annual retainer.

Summary

• On March 14, 2024, Vinita D. Gupta, a director of Precigen, Inc. (PGEN), acquired 44,055 shares of common stock at a price of $1.43 per share.
• These shares were issued in lieu of an annual retainer of $62,999.
• Gupta also acquired 87,412 restricted stock units (RSUs), each representing a contingent right to receive one share of Precigen common stock, which vest in full on March 14, 2025.
• Additionally, Gupta acquired an option to purchase 101,626 shares of common stock at an exercise price of $1.43, expiring on March 14, 2034.
• Following these transactions, Gupta beneficially owns 452,622 shares of Precigen common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock transactions by a company director. The acquisition of shares could be interpreted as a positive sign, but it's not definitively bullish.

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 routine disclosures required by the SEC when company insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates