Tevogen director granted 40,000 restricted shares
Patton Curtis L. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Patton Curtis L. reported acquisition or exercise transactions in this Form 4 filing.
Tevogen Bio Holdings Inc. director Curtis L. Patton received a grant of 40,000 shares of restricted common stock under the company’s 2024 Omnibus Incentive Plan. The award vests in three equal installments, each tied to both a service requirement and revenue milestones of $50 million, $100 million, and $150 million of aggregate revenue since the grant date. Following this grant, Patton directly holds 64,192 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 40,000 shares
Grant/Award
1 txn
Insider
Patton Curtis L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 64,192 shares (Direct)
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.
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