Company: PGEN
Filing Date: 2025-05-16
Form Type: DEF 14A
Source: 0001140361-25-019470
Chunk: 98

Company: PRECIGEN, INC.
Filing Date: 2025-05-16
Form: DEF 14A
Chunk 98
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Vote Required and Board Recommendation The affirmative vote of a majority of the votes cast on the matter is required for the approval of this item. As this proposal is not considered a “routine item,” your bank, broker, or other nominee cannot vote your shares without receiving your voting instructions. Abstentions and broker non-votes will have no effect on the vote. THE BOARD UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE AMENDMENT TO THE 2023 Plan.

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TABLE OF CONTENTS PROPOSAL 7 APPROVAL OF AN AMENDMENT TO THE PRECIGEN, INC. 2019 INCENTIVE PLAN FOR NON-EMPLOYEE SERVICE PROVIDERS, AS AMENDED (THE “2019 PLAN”) Overview The Board requests that shareholders approve the proposed amendment (the “2019 Plan Amendment No. 2”) to the 2019 Plan to increase the number of shares of common stock available for issuance under the 2019 Plan by 1,100,000 shares. Other than the increase in the number of shares available for issuance under the 2019 Plan that is reflected in the proposed 2019 Plan Amendment No. 2, there are no other changes proposed to the 2019 Plan. The Board adopted the 2019 Plan in April 2019, which became effective upon approval by our shareholders on the date of our 2019 Annual Meeting, or June 12, 2019, and approved an amendment to the 2019 Plan in April 2022, which became effective upon approval by our shareholders on the date of our 2022 Annual Meeting, or June 9, 2022. The Board approved the 2019 Plan Amendment No. 2 on May 5, 2025, subject to approval by our shareholders at the Annual Meeting. Share Increase The 2019 Plan has served as an important part of our overall compensation program for non-employee service providers since it became effective. The 2019 Plan enables us to grant equity-based compensation awards designed to provide an additional incentive for our non-employee directors and other non-employee service providers who are critical to our success. We believe that the 2019 Plan Amendment No. 2, which amends the 2019 Plan to increase by 1,100,000 the number of shares of common stock which may be subject to awards thereunder, supports our ability to attract, retain and motivate our non-employee service