Company: PGEN
Filing Date: 2025-08-19
Form Type: S-3
Source: 0000950103-25-010472
Chunk: 28

Company: PRECIGEN, INC.
Filing Date: 2025-08-19
Form: S-3
Chunk 28
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, rights, and other terms of such series. See “Preferred Stock” above for additional information.
Under this authority, our board could create and issue a series of preferred stock with rights, preferences or restrictions that have
the effect of discriminating against an existing or prospective holder of our capital stock as a result of such holder beneficially owning
or commencing a tender offer for a substantial amount of our Common Stock. One of the effects of authorized but unissued and unreserved
shares of preferred stock may be to render it more difficult for, or to discourage an attempt by, a potential acquirer to obtain control
of us by means of a merger, tender offer, proxy contest or otherwise, and thereby protect the continuity of our management. The issuance
of shares of preferred stock may have the effect of delaying, deferring or preventing a change in control of our Company without any action
by our shareholders.

Qualification and election of directors.
Our Bylaws provide that to be eligible to be a nominee for election to our board of directors, a person must submit a written questionnaire
regarding his or her background and qualifications and must agree to other representations as set forth in our Bylaws. In addition, we
have adopted a

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director resignation policy. Our Bylaws provide that,
in uncontested director elections (i.e., an election where the number of nominees is not greater than the number of directors to be elected),
a nominee for director will be elected to the board of directors if the votes cast for such nominee’s election exceed the votes
cast against such nominee’s election. However, directors will be elected by a plurality of the votes cast at any meeting of the
shareholders for which (i) the Secretary receives a notice that a shareholder has nominated a person for election to the board of directors
in compliance with the advance notice requirements for shareholder nominees for director set forth in the Bylaws, and (ii) such nomination
has not been withdrawn by such shareholder on or prior to the 10th day preceding the date we first mail the notice of meeting for such
meeting to the shareholders (i.e., if there is a contested director election). If directors are to be elected by a plurality of the votes
cast, the shareholders may withhold votes, but will not be permitted to vote against a nominee. Our Corporate Governance Guidelines provide
that any nominee for director in an uncontested election who receives a greater number of shareholder votes cast against his or her election
than votes for