PepGen (PEPG) awards director 34,000 options vesting by next meeting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PepGen Inc. reported that director Lisa Wyman received a grant of stock options covering 34,000 shares of common stock. The options have an exercise price of $1.79 per share and expire on June 17, 2036. They vest in full on the earlier of the first anniversary of the grant date or the next annual meeting, subject to continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wyman Lisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 34,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 34,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 34,000 options
Exercise price: $1.79 per share
Expiration date: June 17, 2036
+2 more
5 metrics
Options granted
34,000 options
Grant to director Lisa Wyman
Exercise price
$1.79 per share
Stock option strike price
Expiration date
June 17, 2036
Option term end
Underlying shares
34,000 shares
Common stock underlying options
Total options after grant
34,000 options
Derivative holdings following transaction
Key Terms
Stock Option (Right to Buy), exercise price, expiration date, Annual Meeting, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "1.7900""
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.
expiration date financial
"expiration_date: "2036-06-17T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
Annual Meeting financial
"the date of the next Annual Meeting; provided, however, that all vesting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
vest financial
"This option shall vest in full upon the earlier of (i) the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did PepGen (PEPG) disclose about Lisa Wyman in this Form 4?
PepGen disclosed that director Lisa Wyman received a grant of stock options for 34,000 shares. These options are a form of equity compensation, allowing her to buy PepGen common stock at a fixed exercise price if the options vest and are exercised.
How many PepGen (PEPG) stock options were granted to Lisa Wyman?
Lisa Wyman was granted stock options covering 34,000 shares of PepGen common stock. This entire amount is reflected as her derivative holdings following the transaction, indicating the grant created a new options position rather than modifying an existing one.
What is the exercise price of Lisa Wyman’s PepGen (PEPG) stock options?
The stock options granted to Lisa Wyman have an exercise price of $1.79 per share. This means she can buy PepGen common stock at $1.79 per share if the options vest and she chooses to exercise them before expiration.
When do Lisa Wyman’s PepGen (PEPG) stock options vest?
The options will vest in full on the earlier of the first anniversary of the grant date or the date of the next annual meeting. Vesting continues only while she serves as a director, unless the board decides to allow vesting to continue despite her departure.
What is the expiration date of Lisa Wyman’s PepGen (PEPG) options?
Lisa Wyman’s stock options expire on June 17, 2036. She must exercise any vested options before this expiration date; after that, unexercised options will lapse and can no longer be used to purchase PepGen common shares.
Is this PepGen (PEPG) Form 4 a stock purchase or compensation grant?
This Form 4 reflects a compensation-related grant of stock options, not an open-market stock purchase. The options were awarded with a grant code indicating a grant or award acquisition and carry an exercise price and vesting conditions typical of director compensation.