[Form 4] PRECIGEN, INC. Insider Trading Activity

Rhea-AI Filing Summary

Harry Thomasian Jr., Chief Financial Officer of Precigen, Inc. (PGEN), reported the vesting of 125,000 performance stock units (PSUs) on 09/12/2025. These PSUs were part of a grant made on August 28, 2024; the filing states the second installment vested after meeting the applicable performance condition. Each PSU may be settled in one share of the company’s common stock or an equivalent cash amount. Following the reported transaction, Mr. Thomasian directly beneficially owns 125,000 shares attributable to these vested PSUs. The Form 4 was signed on 09/16/2025.

Positive

• Receipt of 125,000 PSUs increases the CFO's direct beneficial ownership, aligning management incentives with shareholders
• Vesting tied to performance conditions indicates compensation is linked to measurable company outcomes

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive compensation vesting; modest insider ownership increase without disclosed sale.

The report documents the vesting of 125,000 PSUs for the CFO, reflecting achievement of a performance condition tied to a grant dated August 28, 2024. This increases direct beneficial ownership by 125,000 shares or an equivalent cash value. The filing shows acquisition (code A) and a $0 price because PSUs convert into shares rather than being purchased. There is no indication of subsequent sale or hedging. For investors, this is a standard compensation event that aligns management incentives with shareholder value, but it does not by itself provide information on company operating performance or cash flow.

Corporate Governance Expert

TL;DR: Governance signal: performance-based award vested, demonstrating use of performance criteria in executive pay.

The Form 4 confirms the company used performance stock units with time/metric-based vesting (second installment vested upon meeting performance criteria). Settlement flexibility—share or cash—was disclosed, which is important for understanding potential dilution versus cash expense. The disclosure is complete regarding the vesting event and ownership after vesting. The filing was timely and properly executed via an attorney-in-fact, indicating compliance with Section 16 reporting obligations.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Thomasian Harry Jr.

(Last) (First) (Middle)

20374 SENECA MEADOWS PARKWAY

(Street)

GERMANTOWN MD 20876

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PRECIGEN, INC. [ PGEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	(1)(2)	09/12/2025		A		125,000		(1)(2)	(1)(2)	Common Stock	125,000	$0	125,000	D

Explanation of Responses:

1. Represents the vesting of the second installment of performance stock units ("PSUs") originally granted on August 28, 2024 based on the achievement of the applicable performance condition for such installment.

2. Each PSU is payable in a share of the Issuer's common stock or in a cash amount having an equivalent value.

	/s/ Harry Thomasian, Jr., by Donald P. Lehr, as attorney-in-fact	09/16/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did PGEN CFO Harry Thomasian Jr. report on Form 4?

He reported the vesting of 125,000 performance stock units (PSUs) on 09/12/2025, now beneficially owned directly.

When were the PSUs originally granted to Harry Thomasian Jr.?

The PSUs were originally granted on August 28, 2024.

How can the vested PSUs be settled according to the Form 4?

Each PSU may be settled in one share of common stock or in a cash amount having equivalent value.

How many shares does the CFO beneficially own after the reported transaction?

The filing reports 125,000 shares beneficially owned following the vesting.

What dates appear on the Form 4 for the transaction and signature?

Transaction date: 09/12/2025; Form signature date: 09/16/2025.