Andrews Patricia S 4

What Happened
Patricia S. Andrews, a director of Geron Corp (GERN), was granted a derivative award on 2026-03-25 covering 270,000 shares (reported acquisition price $0.00). The filing reports this as an option award (transaction code A) rather than an open-market purchase or sale; the award vests and becomes exercisable in three equal annual installments beginning March 25, 2027, subject to Andrews’ continued service under the Issuer’s 2018 Equity Incentive Plan.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-26 (appears timely).
• Transaction type/code: Award/Grant of a derivative (option) covering 270,000 shares; consideration reported as $0.00.
• Vesting: Three equal annual installments starting 2027-03-25, contingent on continuous service per the 2018 Equity Incentive Plan (footnote).
• Shares owned after transaction: Not specified in the provided filing.
• No exercise price or additional option terms were disclosed in the excerpt provided.

Context
This is a compensation-related option grant, not a market purchase or sale. The options must vest before they can be exercised; they do not result in immediate stock ownership or cash proceeds. Such grants are common for directors and are used for long-term incentive alignment.