ARMEN GARO H 4

What Happened Garo H. Armen — Chairman, Chief Executive Officer and Principal Financial Officer of Agenus Inc. (AGEN) — was issued 4,233 shares on May 1, 2026 as compensation (salary paid in stock). The shares were valued at $3.84 each based on the May 1, 2026 closing price, for a total of approximately $16,255. According to the filing, these shares were issued under the company’s 2019 Equity Incentive plan and were fully vested on the date of issuance.

Key Details

• Transaction type: Award / stock issuance (salary paid in stock)
• Transaction date: May 1, 2026; Filing date: May 5, 2026 (timely filed)
• Price used: $3.84 per share (closing price on May 1, 2026)
• Shares issued: 4,233; total value ≈ $16,255
• Shares are held in Dr. Armen’s IRA accounts (footnote)
• Additional holdings disclosed: Garo Armen 2020 2 Year AG GRAT holds 23,950 shares; Pixie Partners (general partnership where he is a general partner) owns 5,000 shares — he disclaims beneficial ownership to the extent of his pecuniary interest
• Shares were fully vested on issuance and were issued with Compensation Committee approval

Context This filing reflects routine compensation converted to equity rather than an open-market purchase or sale. Such salary-in-stock awards are common and do not necessarily indicate a buy/sell signal by the insider. The position and timing were disclosed promptly under Section 16 reporting requirements.