Company: PGEN
Filing Date: 2025-04-28
Form Type: 10-K/A
Source: 0001356090-25-000011
Chunk: 50

Company: PRECIGEN, INC.
Filing Date: 2025-04-28
Form: 10-K/A
Chunk 50
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 of the annual grant of RSUs, computed in accordance with ASC Topic 718.

(4) Represents the aggregate grant date fair market value of the annual grant of stock options, computed in accordance with ASC Topic 718, based on the closing price of our common stock on the date of grant. For a full description of the

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assumptions we use in computing this amount, see Note 2 to our consolidated financial statements for the year ended December 31, 2024, which is included in our 2024 Annual Report.

(5) The following table provides information regarding the aggregate outstanding equity awards held by each non-employee director as of December 31, 2024:

| Name              |     | RSUs        
 Outstanding 
 

#           |         |     | Stock Options 
 Outstanding   
 #             |         |
| Randall Kirk      |     |             | 174,825 |     |               | 739,478 |
| Cesar Alvarez     |     |             |  87,412 |     |               | 531,079 |
| Steven Frank      |     |             |  87,412 |     |               | 531,079 |
| Jeffrey Kindler   |     |             |  87,412 |     |               | 531,079 |
| James Turley      |     |             |  87,412 |     |               | 531,079 |
| Fred Hassan       |     |             |  87,412 |     |               | 555,651 |
| Vinita Gupta      |     |             |  87,412 |     |               | 540,431 |
| Nancy Howell Agee |     |             | 126,760 |     |               | 147,540 |

Equity Ownership Guidelines for Board of Directors

The Board believes that directors should hold meaningful equity ownership positions in the Company to help align the interests of directors with those of shareholders. Under our stock ownership guidelines for directors, non-employee directors are expected to be beneficial owners of shares of our common stock with a market value equivalent to at least five times the amount of annual cash retainer fees (not including any additional retainer for service on a committee, and as adjusted from time to time). Non-employee directors have five years to satisfy the ownership requirement, which, for directors serving in June 2018 (when the current requirement was adopted), was measured from such date, and for directors