Spiegel Robert J. 4

What Happened
Robert J. Spiegel, a director of Geron Corp (GERN), was granted a derivative award covering 220,000 shares on 2026-05-20. The Form 4 reports the award at $0.00 per share (total reported value $0). This was an equity award/option grant (not an open-market purchase or sale) and does not represent immediate common-stock ownership.

Key Details

• Transaction type: Grant/Award of derivative securities (reported as "A")
• Date of transaction: 2026-05-20; Form 4 filed: 2026-05-26 (six days later)
• Amount: 220,000 shares/options; reported price: $0.00 per share; reported aggregate value: $0
• Shares owned after transaction: Not reported in the provided filing details
• Footnote: The option vests and becomes exercisable 100% on the earlier of (i) the next annual shareholders meeting or (ii) the first anniversary of the grant date, subject to continuous service (see footnote F1)
• No indication in the filing that any shares were immediately sold or that a tax-withholding or 10b5-1 plan was used

Context
This is a compensation-related option grant to a director. As a derivative award, it must vest and then be exercised under the plan terms before the recipient holds common stock. Director equity grants are common and intended for retention/aligning interests; they are not the same as an open-market purchase that signals immediate insider buying.