Company: PGEN
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001356090-25-000019
Chunk: 36

Company: PRECIGEN, INC.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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igen adopted the 2023 Plan, which became effective upon shareholder approval in June 2023. The 2023 Plan permits the grant of share-based awards, including stock options, restricted stock awards, RSUs, PSUs  and other awards, to officers, employees and nonemployees. The 2023 Plan authorizes for issuance pursuant to awards under the 2023 Plan an aggregate of 18,418,137 shares, which included shares remaining available for issuance under the 2013 Plan as of the adoption of the 2023 Plan plus an increase of  2,000,000 shares of common stock, which was approved by Precigen's shareholders at Precigen's annual meeting on July 5, 2024. As of March 31, 2025, there were 5,756,083 stock options, 1,654,000 PSUs and no RSUs outstanding under the 2023 Plan and 7,510,697 shares were available for future grants.  In April 2019, Precigen adopted the 2019 Incentive Plan for Non-Employee Service Providers (the "2019 Plan"), which became effective upon shareholder approval in June 2019. The 2019 Plan permits the grant of share-based awards, including stock 

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options, restricted stock awards, and RSUs, to non-employee service providers, including board members. As of March 31, 2025, there were 12,000,000 shares authorized for issuance under the 2019 Plan, of which 4,437,701 stock options and 773,311 RSUs were outstanding and 747,272 shares were available for future grants. Stock option activity was as follows:Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Balances at December 31, 202425,924,734 $5.07 7.05Granted866,153 1.66 Exercised(144,487)(1.12)Forfeited(298,167)(1.69)Expired(449,552)(23.03)Balances at March 31, 202525,898,681 4.70 6.99Exercisable at March 31, 202516,629,422 6.44 6.08PSUs and RSUsIn 2024, the Company's Compensation and Human Capital Management Committee of the Board of Directors (the "Compensation Committee")