Precigen (PGEN) CFO Harry Thomasian Exercises Options

What Happened

• Harry Thomasian Jr., Chief Financial Officer of Precigen (PGEN), exercised stock options on 2026-09-23 and acquired a total of 53,665 shares by converting option derivatives. The exercises consisted of:
  • 10,744 shares at $4.72 each = $50,712
  • 42,918 shares at $2.33 each = $99,999
  • 2 shares at $0.96 each = $2
  • 1 share at $1.21 = $1 Aggregate cash paid for the exercises was $150,714. The filing shows the derivative option interests were disposed (converted) with $0 disposal proceeds, indicating the options were exercised into common shares rather than sold.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-24 (timely).
• Specific exercises/prices and totals listed above; total shares acquired = 53,665; total cost = $150,714.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 indicates the options are fully vested; F2 describes an alternative vesting schedule (25% on Apr 28, 2024, then equal monthly installments over three years) — relevant to how earlier grants vested.
• No sale of the acquired shares is reported in this filing (no immediate disposition/sale recorded).

Context

• This was an option exercise (transaction code M). The filing shows the options were converted into shares (derivative disposed at $0) rather than a cashless sale—so Thomasian ended up holding the shares rather than selling them on exercise per this Form 4.
• Option exercises are common for executives for various reasons (vesting, tax planning, compensation); they are factual ownership changes and should not be taken alone as a definitive signal of company outlook.