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Inovio (NASDAQ: INO) grants RSUs and stock options to director Ann Calby Miller

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INOVIO PHARMACEUTICALS, INC. director Ann Calby Miller received new equity awards as part of non-employee director compensation. She was granted 34,200 restricted stock units, each representing one future share of common stock, and 41,800 stock options with a $1.23 exercise price.

Both the RSUs and the options vest 100% on May 20, 2027 under the company’s 2023 Omnibus Incentive Plan. The options expire on May 20, 2036. These are compensation-related grants, not open‑market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Miller Ann Calby
Role null
Type Security Shares Price Value
Grant/Award Common Stock Options 41,800 $0.00 --
Grant/Award Restricted Stock Unit 34,200 $0.00 --
Holdings After Transaction: Common Stock Options — 41,800 shares (Direct, null); Restricted Stock Unit — 34,200 shares (Direct, null)
Footnotes (1)
  1. This grant was made under the 2023 Omnibus Incentive Plan pursuant to the issuer's non-employee director compensation policy. Options to vest 100% on May 20, 2027. Each restricted stock unit represents a contingent right to receive one share of common stock. These restricted stock units will vest 100% on May 20, 2027.
RSU grant 34,200 units Restricted stock units granted to director on May 20, 2026
Option grant 41,800 options Common stock options granted to director on May 20, 2026
Option exercise price $1.23 per share Exercise price for 41,800 common stock options
RSU vesting date May 20, 2027 RSUs vest 100% on this date
Option vesting date May 20, 2027 Options vest 100% on this date
Option expiration May 20, 2036 Expiration date of common stock options
RSUs held after grant 34,200 units Total RSUs following transaction, direct ownership
Options held after grant 41,800 options Total options following transaction, direct ownership
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2023 Omnibus Incentive Plan financial
"This grant was made under the 2023 Omnibus Incentive Plan pursuant to the issuer's non-employee director compensation policy."
non-employee director compensation policy financial
"This grant was made under the 2023 Omnibus Incentive Plan pursuant to the issuer's non-employee director compensation policy."
Common Stock Options financial
"Common Stock Options"
exercise price financial
"conversion_or_exercise_price: "1.2300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Miller Ann Calby
(Last)(First)(Middle)
660 W. GERMANTOWN PIKE SUITE 110
(Street)
PLYMOUTH MEETING PENNSYLVANIA 19462
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
INOVIO PHARMACEUTICALS, INC. [ INO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock Options$1.2305/20/2026A41,800(1) (2)05/20/2036Common Stock41,800$041,800D
Restricted Stock Unit(3)05/20/2026A34,200(1) (3) (3)Common Stock34,200$034,200D
Explanation of Responses:
1. This grant was made under the 2023 Omnibus Incentive Plan pursuant to the issuer's non-employee director compensation policy.
2. Options to vest 100% on May 20, 2027.
3. Each restricted stock unit represents a contingent right to receive one share of common stock. These restricted stock units will vest 100% on May 20, 2027.
Remarks:
/s/ Ann C. Miller05/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did INO director Ann Calby Miller receive on this Form 4?

Ann Calby Miller received 34,200 restricted stock units and 41,800 stock options as director compensation. The RSUs convert into common shares at vesting, and the options give her the right to buy shares at a fixed exercise price.

What is the exercise price and expiration date of Ann Calby Miller’s INO stock options?

The stock options have a $1.23 per share exercise price and expire on May 20, 2036. This means she can choose to buy common shares at $1.23 any time after vesting and before the expiration date.

When do Ann Calby Miller’s INO restricted stock units and options vest?

Both the 34,200 restricted stock units and the 41,800 stock options vest 100% on May 20, 2027. Vesting means the awards become fully earned and exercisable or deliverable on that date if she remains eligible.

Are these INO Form 4 transactions open-market buys or sells?

No, these transactions are compensation-related grants, not open-market buys or sells. The Form 4 shows awards granted under Inovio’s 2023 Omnibus Incentive Plan and its non-employee director compensation policy, with no cash purchase or sale on the market.

Under which plan were Ann Calby Miller’s INO equity awards granted?

The equity awards were granted under Inovio’s 2023 Omnibus Incentive Plan. This plan governs stock-based compensation for eligible participants, including non-employee directors, and sets terms for grants like vesting schedules and award types.