Company: PGEN
Filing Date: 2025-05-06
Form Type: PRE 14A
Source: 0001140361-25-017535
Chunk: 31

Company: PRECIGEN, INC.
Filing Date: 2025-05-06
Form: PRE 14A
Chunk 31
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) |
|                                            |     |    RSUs with a value of $180,000(5) |

| (1) | Non-employee directors have the option to receive shares of common stock, valued at the fair market value at the time of issuance, in lieu of cash retainers. We do not issue, nor do we pay cash for, fractional shares. Annual retainer fees are payable in advance at the first regularly scheduled meeting of the Board for the calendar year. |

| (2) | All non-employee directors are entitled to an annual grant of options to purchase shares of common stock (with an exercise price equal to the fair market value on the date of grant), which are granted at the first regularly scheduled meeting of the Board for the calendar year and are fully vested at the time of grant. |

| (3) | All non-employee directors are entitled to an annual grant of restricted stock units (“RSUs”), which are granted at the first regularly scheduled meeting of the Board for the calendar year and vest in full on the one year anniversary of the date of the grant, subject to continued Board service. |

| (4) | Any newly appointed non-employee director receives, upon appointment, a one-time grant of options to purchase shares of common stock (with an exercise price equal to the fair market value on the date of grant), with one quarter of such options vesting each year on the anniversary of appointment to the Board, subject to continued Board service. |

| (5) | Any newly appointed non-employee director receives, upon appointment, a one-time grant of RSUs, which vest in full on the one-year anniversary of appointment to the Board, subject to continued Board service. |

Director Compensation Table for 2024 The following table discloses all compensation provided to the non-employee directors for the most recently completed fiscal year ended December 31, 2024:

| Name(1)           |     | Fees Earned 
     or Paid 
  in Cash(2) 
         ($) |     |        Stock 
 Awards(3)(5) 
          ($) |     |       Option 
 Awards(4)(5) 
          ($) |     |    Total 
      ($) |
| Randal Kirk       |     |    $100,000 |     |     $250,000 |     |     $250,000 |     | $600,000 |
| Cesar Alvarez     |     |     $63,000 |     |     $125,000 |     |