Tevogen Bio director granted 40,000 restricted shares
Feike Jeffrey L. reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a grant of restricted stock under the Tevogen Bio Holdings Inc. 2024 Omnibus Incentive Plan, which vests in three equal installments upon the earlier of each of (i) the first anniversary of the grant date and the Issuer having aggregate revenue of $50 million since the grant date, (ii) the second anniversary of the grant date and the Issuer having aggregate revenue of $100 million since the grant date, and (ii) the third anniversary of the grant date and the Issuer having aggregate revenue of $150 million since the grant date, provided that the reporting person remains in service with the Issuer on the applicable vesting date.
Key Figures
Key Terms
restricted stock financial
2024 Omnibus Incentive Plan financial
aggregate revenue financial
vesting date financial
FAQ
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What did Tevogen Bio (TVGN) director Jeffrey L. Feike report in this Form 4?
Did Jeffrey L. Feike pay anything for the Tevogen Bio (TVGN) restricted stock grant?
What plan governs the restricted stock grant reported by Tevogen Bio (TVGN)?
Is the Tevogen Bio (TVGN) restricted stock grant contingent on continued service?
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