HENSON HEIDI 4

What Happened
Heidi Henson, a director of PepGen Inc. (PEPG), was granted a derivative award described as an option for 34,000 shares on 2026-06-18. The Form 4 reports an acquisition price of $0.00 for the award; this was an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (filed within the SEC’s two-business-day Form 4 deadline).
• Transaction type/code: Grant/award of derivative securities (A).
• Quantity: 34,000 shares (derivative). Reported acquisition price: $0.00; total reported value: $0.
• Shares owned after the transaction: Not disclosed in the provided filing.
• Footnote: The footnote states this option vests in full upon the earlier of (i) the first anniversary of the grant or (ii) the next Annual Meeting; vesting stops if the director leaves unless the Board decides otherwise.

Context
This was a compensation-related option grant to a board member, not a purchase or sale of shares on the market. Such awards are common for non-employee directors and reflect compensation arrangements rather than an immediate market bet. The vesting schedule means the options are not fully exercisable until a future date or event; treat this as routine director compensation unless future filings show exercises or sales.