Tevogen (TVGN) CFO Kirti Desai Receives Award of 750,000 Shares

What Happened Kirti Desai, Chief Financial Officer of Tevogen Inc. (TVGN), received a grant of 750,000 restricted shares on 2026-09-14. The shares were awarded at $0.00 (no cash paid). This is an equity award (code A) rather than an open-market purchase or sale — vesting is contingent on a company performance goal.

Key Details

• Transaction date: 2026-09-14; filing date: 2026-09-16 (timely Form 4 filing).
• Award: 750,000 restricted shares, acquisition price $0.00 (reported value $0).
• Shares owned after transaction: not specified in the filing.
• Vesting condition (footnote): award vests only if the Board certifies Tevogen achieved $1.0 billion in aggregate revenue during Sept 14, 2026 – Sept 30, 2031. Shares will be forfeited if the revenue threshold is not met, upon the reporting person's termination, for certain misconduct or competitive activity, attempted transfer prior to vesting, or if the award is not assumed in a change in control.

Context This is a long-term, performance-based restricted stock grant tied to a multi-year revenue milestone; it may never vest if the revenue target (or other conditions) are not met. Because no cash was paid and vesting is conditional, the award does not represent an immediate purchase or sale and provides upside to the CFO only if the company achieves the specified revenue goal.