STRECK PAUL 4
4 · PepGen Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PepGen (PEPG) EVP Paul Streck Receives RSUs & Option Grant
What Happened
Paul Streck, EVP and Head of R&D at PepGen (PEPG), received equity awards on March 1, 2026: 50,300 restricted stock units (RSUs) and a derivative award (an option) covering 196,500 shares. Both grants were reported on a Form 4 with an acquisition price of $0 per share (typical for compensation grants). These are grants—not open-market purchases or sales—and do not represent realized cash value until vesting/exercise.
Key Details
- Transaction date: 2026-03-01; Filing date (Form 4): 2026-03-02 (appears timely).
- Grants reported: 50,300 RSUs (acquired at $0) and a derivative award/option for 196,500 shares (acquired at $0). Total rights: 246,800 shares.
- Vesting (from filing footnotes): RSUs vest in equal annual installments over 4 years, first vesting on March 1, 2027. The option vests 25% after one year, then the remaining 75% in 36 equal monthly installments.
- Shares owned after transaction: not specified in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding sale, or immediate exercise/sale was disclosed in the filing.
Context
These awards are standard executive compensation (RSUs and an option grant). The option grant is a derivative award that becomes exercisable over time per the vesting schedule — it was granted, not exercised. Such grants are routine and indicate compensation alignment with shareholder interests but do not by themselves signal an insider buying or selling.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-01+50,300→ 78,105 total - Award
Stock Option (Right to Buy)
[F2]2026-03-01+196,500→ 196,500 totalExercise: $6.22Exp: 2036-02-29→ Common Stock (196,500 underlying)
Footnotes (2)
- [F1]Consists of 50,300 restricted stock units ("RSUs"), each representing the contingent right to receive one share of Common Stock upon vesting. The RSUs vest in equal annual installments over four years, with the first installment vesting on March 1, 2027, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
- [F2]This option shall vest and become exercisable as follows: 25% of the shares on the one-year anniversary of the Grant Date, with the remaining 75% vesting and becoming exercisable in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer on each such vesting date.