Precigen CCO sells 79K shares after option exercise
Rhea-AI Filing Summary
PRECIGEN, INC. (PGEN) reported that Chief Commercial Officer Phil Tennant exercised stock awards and sold shares in August 2026. On August 25, he exercised options to acquire 79,166 shares of common stock at an exercise price of $1.61 per share, reducing that option grant to 120,834 options remaining, and received 79,166 common shares. That same day, he sold 79,166 shares of common stock at $7.50 per share pursuant to a Rule 10b5-1 trading plan.
On August 23, 5,208 Restricted Stock Units vested and converted into the same number of common shares, representing 1/24 of an RSU grant made on June 26, 2025; 57,292 RSUs remained after this vesting. Also on August 23, 2,585 shares were withheld at a price of $7.20 per share to satisfy income tax withholding obligations in connection with the RSU settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Tennant Phil
Role
Chief Commercial Officer
Sold
79,166 shs ($594K)
Approx. gross sale proceeds
$594K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to Purchase Common Stock (Right to Buy) F5 | 79,166 | $0.00 | $0.00 |
| Exercise | Common Stock | 79,166 | $1.61 | $127K |
| Sale | Common Stock F3 | 79,166 | $7.50 | $594K |
| Exercise | Restricted Stock Units F1, F4 | 5,208 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,208 | -- | -- |
| Tax Withholding | Common Stock F2 | 2,585 | $7.20 | $19K |
Holdings After Transaction:
Restricted Stock Units — 57,292 contracts (Direct);
Option to Purchase Common Stock (Right to Buy) — 120,834 contracts (Direct);
Common Stock — 141,992 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Precigen common stock.
- F2. Represents the number of shares of Precigen common stock withheld by the Issuer to satisfy income tax withholding obligations in connection with the settlement of the RSUs.
- F3. Represents shares sold pursuant to the terms of a 10b5-1 plan adopted by the reporting person.
- F4. Represents 1/24 of the RSUs granted on June 26, 2025 that vested on August 23, 2026.
- F5. The stock options vested 25% on July 22, 2025 and in equal monthly installments for three years thereafter.
Key Figures
Options exercised: 79,166 shares at $1.61 per share
Shares sold: 79,166 shares at $7.50 per share
Options remaining after exercise: 120,834 options
+3 more
6 metrics
Options exercised
79,166 shares at $1.61 per share
Stock options exercised on August 25, 2026
Shares sold
79,166 shares at $7.50 per share
Common stock sale on August 25, 2026 under Rule 10b5-1 plan
Options remaining after exercise
120,834 options
Options to purchase PRECIGEN common stock following August 25, 2026 exercise
RSUs vested
5,208 Restricted Stock Units
RSUs converting into common stock on August 23, 2026
RSUs remaining
57,292 RSUs
Balance of June 26, 2025 grant after August 23, 2026 vesting
Shares withheld for taxes
2,585 shares at $7.20 per share
Shares withheld to satisfy income tax withholding on August 23, 2026
Key Terms
Rule 10b5-1 plan, Restricted Stock Units, income tax withholding obligations, stock options, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Represents shares sold pursuant to the terms of a 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
income tax withholding obligations financial
"withheld by the Issuer to satisfy income tax withholding obligations"
stock options financial
"The stock options vested 25% on July 22, 2025"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Exercise or conversion of derivative security financial
"transaction_code_description":"Exercise or conversion of derivative security"
FAQ
What stock option exercise did PGEN executive Phil Tennant report on this Form 4?
Phil Tennant exercised options to acquire 79,166 shares of PRECIGEN common stock at an exercise price of $1.61 per share on August 25, 2026. After this exercise, 120,834 options from that grant remained outstanding, according to the filing.
What Restricted Stock Unit activity did PGEN disclose for Phil Tennant?
On August 23, 2026, 5,208 Restricted Stock Units vested and converted into an equal number of PRECIGEN common shares. This represented 1/24 of an RSU grant made on June 26, 2025, leaving 57,292 RSUs from that grant outstanding afterward.
What RSU grant schedule did the PGEN filing describe for Phil Tennant?
The filing states that the RSUs granted on June 26, 2025 vest in 24 equal installments. The August 23, 2026 vesting represented 1/24 of that grant, with 57,292 RSUs remaining outstanding after this vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
