Rutul R. Shah - Aug 2, 2023 Form 4 Insider Report for PRECIGEN, INC. (PGEN)

Role
Chief Operating Officer
Signature
/s/ Rutul R. Shah, by Donald P. Lehr, as attorney-in-fact
Stock symbol
PGEN
Transactions as of
Aug 2, 2023
Transactions value $
-$6,394
Form type
4
Date filed
8/4/2023, 07:06 PM
Previous filing
May 2, 2023
Next filing
Aug 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGEN Common Stock Options Exercise +15.5K +16.65% 108K Aug 2, 2023 Direct F1
transaction PGEN Common Stock Sale -$6.39K -5.33K -4.91% $1.20 103K Aug 3, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PGEN Restricted Stock Units Options Exercise $0 -15.5K -25% $0.00 46.4K Aug 2, 2023 Common Stock 15.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Precigen common stock.
F2 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs pursuant to the terms of a 10b5-1 plan adopted by the Reporting Person. The sale was effected through an automatic "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
F3 Represents 1/6 of the RSUs granted on March 24, 2023 that vested on August 2, 2023. The remaining RSUs vest in three equal installments on each of August 9, 2023, August 16, 2023 and August 23, 2023.