Company: PGEN
Filing Date: 2025-05-16
Form Type: DEF 14A
Source: 0001140361-25-019470
Chunk: 83

Company: PRECIGEN, INC.
Filing Date: 2025-05-16
Form: DEF 14A
Chunk 83
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| Total                                                  |     | 29,928,791(1)  |     |       $7.05 |     | 9,491,435(2) |

| (1) | Includes 25,924,734 outstanding stock options, 826,057 outstanding RSUs and 3,178,000 outstanding PSUs. |

| (2) | Our 2023 Plan, in addition to being available for future issuance upon exercise of stock options and vesting of RSUs and PSUs that have been or may be granted after December 31, 2024, and our 2019 Plan, each provide for the issuance of SARS, restricted stock awards, other stock-based awards, incentive awards, and dividend equivalents. |

64

TABLE OF CONTENTS PROPOSAL 6 APPROVAL OF AN AMENDMENT TO THE PRECIGEN, INC. 2023 OMNIBUS INCENTIVE PLAN, AS AMENDED (THE “2023 PLAN”) Overview The Board requests that shareholders approve the proposed amendment (the “2023 Plan Amendment No. 2”) to the 2023 Plan to increase the number of shares of common stock available for issuance under the 2023 Plan by 11,500,000 shares. Other than the increase in the number of shares available for issuance under the 2023 Plan that is reflected in the proposed 2023 Plan Amendment No. 2, there are no other changes proposed to the 2023 Plan. The Board adopted the 2023 Plan in April 2023, which became effective upon approval by our shareholders on the date of our 2023 Annual Meeting, or June 8, 2023, and approved an amendment to the 2023 Plan on May 28, 2024, which became effective upon approval by our shareholders on the date of our 2024 Annual Meeting, or July 5, 2024. The Board approved the 2023 Plan Amendment No. 2 on May 5, 2025, subject to approval by our shareholders at the Annual Meeting. Share Increase The 2023 Plan has served as an important part of our overall compensation program since it became effective. The 2023 Plan enables us to grant equity-based compensation awards designed to provide an additional incentive for our officers, employees, and non-employee directors and other service providers who are critical to the achievement of our long-term financial and strategic goals. We believe that the 2023 Plan Amendment No