Company: PGEN
Filing Date: 2025-05-06
Form Type: PRE 14A
Source: 0001140361-25-017535
Chunk: 101

Company: PRECIGEN, INC.
Filing Date: 2025-05-06
Form: PRE 14A
Chunk 101
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 to our non-employee service providers; changes in Board compensation, if any; the rate at which shares are returned to the 2019 Plan reserve upon awards’ expiration, forfeiture, or cash settlement; the future performance of our stock price; consequences of acquisitions or dispositions; and other factors. While we believe that the assumptions we used are reasonable, future share usage may differ from current expectations. If, however, the shareholders do not approve the 2019 Plan Amendment No. 2 to increase the number of shares reserved for issuance under the 2019 Plan, there may not be a sufficient number of shares of our common stock available to achieve our recruiting and retention objectives. Corporate Governance Best Practices . See Proposal No. 6 above for information regarding certain corporate governance best practices (other than the minimum vesting requirements and limit on non-employee director compensation noted therein) that are also incorporated into the 2019 Plan to further align our equity compensation program with the interests of our shareholders. Text of the 2019 Plan Amendment No. 2 A copy of the 2019 Plan Amendment No. 2 has been filed with the SEC with this Proxy Statement as Annex B. The first paragraph of Section 6.02 of the 2019 Plan would be amended in its entirety as follows: “6.02 Aggregate Limit The maximum aggregate number (the “Maximum Aggregate Number”) of shares of Common Stock which may be subject to Awards under this Plan is 13,100,000 shares of Common Stock.” Summary of the Material Terms of the 2019 Plan The following is a summary of the material terms and principal features of the 2019 Plan. This summary does not purport to be complete and is subject to, and qualified in its entirety by, the 2019 Plan. A copy of the 2019 Plan Amendment No. 2 has been filed with the SEC with this Proxy Statement as Annex B. Purpose; Eligibility . We established the 2019 Plan to attract, retain and motivate our non-employee service providers and to promote the success of our business by linking the personal interests of our consultants, advisors, non-employee directors and other non-employee service providers to those of our shareholders. The 2019 Plan permits the grant of stock options, stock appreciation rights (“SARs”), restricted stock awards, RSUs, 75 TABLE OF CONTENTS incentive awards, other stock-based awards, dividend equivalents and cash awards. As of March 31, 2025, there were eight non-