Tennant Phil 4

What Happened

• Phil Tennant, Chief Commercial Officer of Precigen (PGEN), received a grant of 42,110 restricted stock units (RSUs) on 2026-03-18. The RSUs vested immediately and converted/exercised into 42,110 shares the same day. The filing also shows 42,110 shares were disposed (reported at $0.00), which is commonly how companies report share surrender/withholding to cover tax obligations following a vesting event.

Key Details

• Transaction date: 2026-03-18 (reported on Form 4 filed 2026-03-20).
• Grants/Conversions: 42,110 RSUs granted and vested; converted/exercised into 42,110 shares (derivative transaction codes A and M).
• Disposal: 42,110 shares reported disposed at $0.00 (derivative), consistent with share withholding/net settlement for taxes.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — RSUs vested immediately on grant date.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Timeliness: Filing was submitted two days after the transaction date (appears timely).

Context

• RSUs are a form of equity compensation that convert to shares when they vest. Immediate vesting followed by conversion and share surrender is a routine administrative/tax-related action and does not by itself signal a trading decision for investment purposes.