Tevogen Bio (TVGN) grants CEO Ryan Saadi 1.22M restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saadi Ryan H. reported acquisition or exercise transactions in this Form 4 filing.
Tevogen Bio Holdings Inc. disclosed that Chief Executive Officer Ryan H. Saadi received a grant of 1,220,000 shares of restricted common stock at $0.0000 per share under the 2024 Omnibus Incentive Plan. The award will vest in four equal annual installments commencing on July 10, 2033, contingent on his continued service. Following the grant, he holds 3,705,689 shares directly, plus 3,878 shares indirectly through his wife.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Saadi Ryan H.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,220,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,705,689 shares (Direct);
Common Stock — 3,878 shares (Indirect, By wife)
Footnotes (1)
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Key Figures
Restricted stock granted: 1,220,000 shares
Grant price per share: $0.0000
Direct holdings after grant: 3,705,689 shares
+2 more
5 metrics
Restricted stock granted
1,220,000 shares
Grant of restricted common stock to CEO Ryan H. Saadi
Grant price per share
$0.0000
Reported price per share for the restricted stock grant
Direct holdings after grant
3,705,689 shares
CEO’s direct common stock ownership following the reported grant
Indirect holdings
3,878 shares
Common stock held indirectly by CEO through his wife
Vesting schedule length
Four annual installments
Restricted stock vests in four equal annual installments commencing July 10, 2033
Key Terms
restricted stock, 2024 Omnibus Incentive Plan, indirect
3 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"
indirect financial
"total_shares_following_transaction 3878.0000, ownership_type indirect, nature_of_ownership By wife"
FAQ
What equity award did Tevogen Bio (TVGN) grant to CEO Ryan H. Saadi?
Tevogen Bio granted CEO Ryan H. Saadi 1,220,000 shares of restricted common stock at $0.0000 per share under its 2024 Omnibus Incentive Plan, structured as a multi-year equity compensation award.
What are Ryan H. Saadi’s total direct holdings in Tevogen Bio (TVGN) after this Form 4?
After the reported transactions, CEO Ryan H. Saadi directly holds 3,705,689 shares of Tevogen Bio common stock, reflecting his updated post-grant equity position in the company.
Does the Tevogen Bio (TVGN) CEO have any indirect ownership reported?
Yes. In addition to his direct holdings, 3,878 shares of Tevogen Bio common stock are reported as held indirectly by the CEO through his wife on the Form 4.
Was the TVGN CEO’s restricted stock grant an open-market purchase or a compensation award?
The 1,220,000-share transaction is reported with code A, indicating a grant or award of restricted stock as compensation, not an open-market purchase or sale.