Tevogen (TVGN) Director Curtis L. Patton Receives Award — 75,000 Shares
$TVGN · Tevogen Inc.Research Summary
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Tevogen (TVGN) Director Curtis L. Patton Receives Award — 75,000 Shares
What Happened
Curtis L. Patton, a director of Tevogen Inc. (TVGN), was granted 75,000 restricted shares on September 11, 2026. The award was reported with an acquisition price of $0.00 (no cash paid). Because this is an equity award/compensation grant rather than an open‑market purchase or sale, it represents a non‑cash compensation event rather than a direct market investment.
Key Details
- Transaction date: September 11, 2026; Form 4 filed: September 15, 2026 (filed within the required two business days).
- Transaction type/code: A = Award/Grant.
- Shares granted: 75,000 restricted shares; reported acquisition price: $0.00; reported transaction value: $0.
- Vesting: Grant subject to footnote F1 — vests ratably in three equal annual installments (25,000 shares each) beginning September 11, 2027, subject to continued service.
- Shares owned after transaction: Not specified in the information provided on the Form 4.
Context
Restricted stock awards are common director/executive compensation and typically vest over time to incentivize continued service; they are not immediate purchases or sales of stock. This grant was made under Tevogen’s 2024 Omnibus Incentive Plan and will only result in transferable shares as portions vest per the schedule above.