Kasraian Kasra 4

What Happened

• Kasraian Kasra, Chief Technical Officer of PepGen Inc. (PEPG), received equity awards on 2026-03-01: 34,557 restricted stock units (RSUs) and a derivative award covering 135,000 shares (reported as an option/derivative). Both grants were reported with a $0.00 price — i.e., no cash was paid at grant and the filing reports $0 value exchanged at the time of grant.
• These are compensation awards (not open-market purchases or sales). RSUs represent the right to receive shares upon vesting; the 135,000-share derivative is an option-like award that vests and becomes exercisable over time per the footnote.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-02 (reporting the 2026-03-01 grants).
• Reported price: $0.00 for both the 34,557 RSUs and the 135,000-share derivative (no cash exchanged at grant).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes:
  • RSU vesting (F1): 34,557 RSUs vest in equal annual installments over four years; first vesting on March 1, 2027, subject to continued service.
  • Option/derivative vesting (F2): 25% vests on the one‑year anniversary of the grant, remaining 75% vests in 36 equal monthly installments thereafter, subject to continued service.
• No indication in the filing of a 10b5-1 plan, tax withholding sale, cashless exercise, or late filing.

Context

• These awards are typical equity compensation for executives and do not represent an immediate purchase or sale. RSUs convert to shares only as they vest; the option/derivative must vest before it can be exercised. The filing shows the grant event only — it does not indicate exercise, sale, or any immediate change in market exposure.