Mary Beth DeLena - 24 Feb 2025 Form 4 Insider Report for PepGen Inc. (PEPG)

Signature
/s/ Noel Donnelly, as Attorney-in-Fact
Issuer symbol
PEPG
Transactions as of
24 Feb 2025
Net transactions value
-$2,406
Form type
4
Filing time
26 Feb 2025, 20:24:21 UTC
Previous filing
17 Jan 2024
Next filing
05 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEPG Common Stock Award $0 +3,000 $0.000000 3,000 24 Feb 2025 Direct F1
transaction PEPG Common Stock Sale $2,406 -1,432 -48% $1.68 1,568 26 Feb 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 6, 2024, the Reporting Person was granted performance-based stock units ("PSUs") under the 2022 Stock Option and Incentive Plan. Each PSU represents the right to receive one share of Common Stock upon vesting. The shares reported were issued to the Reporting Person upon achievement of a performance condition on February 24, 2025, as determined by the Compensation Committee of the Company's Board of Directors.
F2 Represents shares automatically sold by the Reporting Person to satisfy tax withholding obligations in connection with the vesting of performance-based restricted stock units awarded to the Reporting Person on February 24, 2025. The automatic sale of the Reporting Person's shares is provided for in a restricted stock unit agreement constituting a "binding contract" consistent with the affirmative defense to liability under Rule 10b5-1 and the sale does not represent a discretionary trade by the Reporting Person.