Tevogen Bio (TVGN) awards 40,000 restricted shares to director Feike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Feike Jeffrey L. reported acquisition or exercise transactions in this Form 4 filing.
Tevogen Bio Holdings Inc. director Jeffrey L. Feike received a grant of 40,000 shares of restricted common stock at $0.00 per share under the 2024 Omnibus Incentive Plan. The award vests in three equal installments tied to service-based anniversaries and aggregate revenue thresholds of $50 million, $100 million, and $150 million since the grant date. Following this grant, Feike directly holds 56,435 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Feike Jeffrey L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 56,435 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock granted: 40,000 shares
Grant price per share: $0.00
Shares held after grant: 56,435 shares
+3 more
6 metrics
Restricted stock granted
40,000 shares
Grant of restricted common stock to director Jeffrey L. Feike
Grant price per share
$0.00
Price per share for the restricted stock grant
Shares held after grant
56,435 shares
Total direct common stock holdings following the transaction
First revenue vesting threshold
$50 million
Aggregate revenue required since grant date for first vesting condition
Second revenue vesting threshold
$100 million
Aggregate revenue required since grant date for second vesting condition
Third revenue vesting threshold
$150 million
Aggregate revenue required since grant date for third vesting condition
Key Terms
restricted stock, 2024 Omnibus Incentive Plan, aggregate revenue, vesting date
4 terms
restricted stock financial
"Represents a grant of restricted stock under the Tevogen Bio Holdings Inc. 2024 Omnibus Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2024 Omnibus Incentive Plan financial
"grant of restricted stock under the Tevogen Bio Holdings Inc. 2024 Omnibus Incentive Plan"
aggregate revenue financial
"the Issuer having aggregate revenue of $50 million since the grant date"
vesting date financial
"provided that the reporting person remains in service with the Issuer on the applicable vesting date"
FAQ
What did Tevogen Bio (TVGN) director Jeffrey L. Feike report in this Form 4?
Jeffrey L. Feike reported a grant of 40,000 shares of restricted common stock of Tevogen Bio Holdings Inc., received as an equity award under the company’s 2024 Omnibus Incentive Plan.
Did Jeffrey L. Feike pay anything for the Tevogen Bio (TVGN) restricted stock grant?
No. The 40,000 restricted shares of Tevogen Bio common stock were granted at a price of $0.00 per share, reflecting a compensation-related equity award rather than an open-market purchase.
What plan governs the restricted stock grant reported by Tevogen Bio (TVGN)?
The restricted stock grant to Jeffrey L. Feike was made under the Tevogen Bio Holdings Inc. 2024 Omnibus Incentive Plan, which provides for equity-based compensation awards to eligible participants.
Is the Tevogen Bio (TVGN) restricted stock grant contingent on continued service?
Yes. Each vesting installment of the 40,000 restricted shares requires that Jeffrey L. Feike remain in service with Tevogen Bio on the applicable vesting date, in addition to the specified revenue milestones.