PRECIGEN (PGEN) CCO Phil Tennant acquires 62,500 shares through RSU vesting
Rhea-AI Filing Summary
PRECIGEN, INC. Chief Commercial Officer Phil Tennant acquired 62,500 shares of common stock on May 23, 2026 through the exercise of restricted stock units. Following the transaction, he directly holds 169,641 common shares. The filing also shows 62,500 RSUs remaining, which will vest in equal quarterly installments over three years.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 62,500 shares
Net Buy
2 txns
Insider
Tennant Phil
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 62,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 62,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 62,500 shares (Direct);
Common Stock — 169,641 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Precigen common stock.
- F2. Represents 50% of the RSUs granted on June 26, 2025 that vested on May 23, 2026. The remaining RSUs will vest in equal quarterly installments for three years thereafter.
Key Figures
RSUs converted to shares: 62,500 shares
Shares held after transaction: 169,641 shares
RSUs remaining outstanding: 62,500 RSUs
+1 more
4 metrics
RSUs converted to shares
62,500 shares
Common stock acquired via RSU exercise on May 23, 2026
Shares held after transaction
169,641 shares
Direct PRECIGEN common stock ownership after RSU exercise
RSUs remaining outstanding
62,500 RSUs
Unvested portion of June 26, 2025 grant
RSU vesting schedule
3 years
Remaining RSUs vest in equal quarterly installments
Key Terms
Restricted Stock Units, RSU, Exercise or conversion of derivative security, vested, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
vested financial
"50% of the RSUs granted on June 26, 2025 that vested on May 23, 2026"
equal quarterly installments financial
"The remaining RSUs will vest in equal quarterly installments for three years"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PRECIGEN (PGEN) report for Phil Tennant?
PRECIGEN reported that Chief Commercial Officer Phil Tennant acquired 62,500 common shares via RSU exercise on May 23, 2026. This reflects the vesting of equity compensation rather than an open-market stock purchase or sale.
What happened to Phil Tennant’s restricted stock units in this PRECIGEN (PGEN) filing?
The filing shows 62,500 RSUs converted into an equal number of PRECIGEN common shares. It also reports 62,500 RSUs remaining outstanding, which will vest in equal quarterly installments over the next three years under the existing grant terms.
Is Phil Tennant’s PRECIGEN (PGEN) Form 4 a stock sale or a compensation event?
The Form 4 reflects a compensation-related event, not a stock sale. Code M indicates an exercise or conversion of derivative securities, in this case RSUs vesting into 62,500 common shares, with no reported open-market buying or selling activity.
What do Phil Tennant’s RSU terms at PRECIGEN (PGEN) indicate about future vesting?
The footnotes state the reported 62,500 RSUs represent 50% of an award granted June 26, 2025 that vested May 23, 2026. The remaining RSUs vest in equal quarterly installments for three years, indicating ongoing scheduled equity compensation.