Panora Robert 4

What Happened
Robert Panora, COO and President of Tecogen Inc. (TGEN), received two awards on June 26, 2026: a restricted stock award of 9,671 shares and an incentive stock option covering 26,041 shares with a $5.17 exercise price. The option award is reported as a derivative with an aggregate reported value of $134,632. These transactions are grants (compensation awards), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (timely — within required reporting window).
• Restricted stock: 9,671 shares (Footnote F1). Vests 25% per year (F3).
• Option grant (derivative): 26,041 shares, $5.17 exercise price, reported aggregate derivative value $134,632 (Footnote F2). This is a grant of incentive stock options, not an exercise/sale.
• Shares owned after transaction: not specified in the provided data.
• Plan: Both awards were made under the 2022 Stock Incentive Plan.
• Filing status: Timely filed (no late-report indication).

Context: These are compensation awards; they represent company-provided equity incentives rather than insider buying or selling. Restricted shares vest over time (25% per year), and the option grant gives the holder the right to buy shares at $5.17 in the future but does not itself involve an immediate cash outlay or sale. Such grants are common executive compensation and do not by themselves indicate the insider is buying or selling stock on the open market.