Lehr Donald P. 4

What Happened

• Donald P. Lehr, Chief Legal Officer of Precigen (PGEN), reported the conversion/exercise of 62,500 restricted stock units (RSUs) into 62,500 shares on May 23, 2026. The filing also reports a simultaneous disposition of 62,500 shares at $0, resulting in no net shares delivered to Lehr according to the report.
• The filing treats these entries as derivative transactions (transaction code M). No cash proceeds or dollar value are reported for the acquisition; the reported disposition shows $0 proceeds.

Key Details

• Transaction date: May 23, 2026; Filing date (Form 4): May 27, 2026.
• Reported transactions: Acquired 62,500 shares (conversion of RSUs), Disposed 62,500 shares at $0. Transaction code M = exercise/conversion of a derivative/security.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Each RSU represents a contingent right to receive one share of Precigen common stock.
  • F2: These 62,500 shares represent 50% of the RSUs granted on June 26, 2025 that vested on May 23, 2026; the remaining RSUs will vest in equal quarterly installments over the next three years.

Context

• This was not an open-market buy or sell. The entries reflect RSU vesting and conversion into shares and a simultaneous reported disposition of the same number of shares (reported at $0), leaving no net share increase per the filing. Such filings commonly reflect vesting/settlement mechanics rather than a traded market view; the filing gives no indication of a market-direction signal.