Donnelly Noel 4
4 · PepGen Inc. · Filed Feb 26, 2025
Insider Transaction Report
Form 4
PepGen Inc.PEPG
Donnelly Noel
Chief Financial Officer
Transactions
- Sale
Common Stock
2025-02-26$1.68/sh−1,527$2,565→ 1,673 total - Award
Common Stock
2025-02-24+3,200→ 3,200 total
Footnotes (2)
- [F1]On February 6, 2024, the Reporting Person was granted performance-based stock units ("PSUs") under the 2022 Stock Option and Incentive Plan. Each PSU represents the right to receive one share of Common Stock upon vesting. The shares reported were issued to the Reporting Person upon achievement of a performance condition on February 24, 2025, as determined by the Compensation Committee of the Company's Board of Directors.
- [F2]Represents shares automatically sold by the Company on behalf of the Reporting Person pursuant to a mandatory sell-to-cover provision in the award agreement required to cover minimum statutory tax withholding obligations that became due upon the vesting and settlement of the PSUs reported in this form. The mandatory sale of the Reporting Person's shares was provided for in a PSU agreement constituting a "binding contract" consistent with the affirmative defense to liability under Rule 10b5-1 and the sale does not represent a discretionary trade by the Reporting Person.