James G. McArthur - Jun 6, 2023 Form 4 Insider Report for PepGen Inc. (PEPG)

Role
President and CEO, Director
Signature
/s/ Noel Donnelly, as Attorney-in-Fact
Stock symbol
PEPG
Transactions as of
Jun 6, 2023
Transactions value $
-$358,275
Form type
4
Date filed
6/8/2023, 05:23 PM
Previous filing
Jun 6, 2023
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEPG Common Stock Options Exercise $49.2K +18.2K $2.71 18.2K Jun 6, 2023 Direct F1
transaction PEPG Common Stock Sale -$294K -18.2K -100% $16.18 0 Jun 6, 2023 Direct F1, F2
transaction PEPG Common Stock Options Exercise $22.8K +8.42K $2.71 8.42K Jun 7, 2023 Direct F1
transaction PEPG Common Stock Sale -$137K -8.42K -100% $16.23 0 Jun 7, 2023 Direct F1, F3

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 PEPG Stock Option (Right to Buy) Options Exercise $0 -18.2K -5.13% $0.00 336K Jun 6, 2023 Common Stock 18.2K $2.71 Direct F1, F4
transaction PEPG Stock Option (Right to Buy) Options Exercise $0 -8.42K -2.51% $0.00 327K Jun 7, 2023 Common Stock 8.42K $2.71 Direct F1, F4
* 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 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 8, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.43, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.00 to $16.61, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 This stock option vests over four years following the vesting commencement date (January 21, 2021) with 25% of such shares vesting on the first anniversary of the vesting commencement date, and the remaining shares vesting in 36 equal monthly installments, subject to continued service through each vesting date.