Donnelly Noel 4
4 · PepGen Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PepGen (PEPG) CFO Donnelly Noel Receives Stock Awards
What Happened
Donnelly Noel, Chief Financial Officer of PepGen Inc. (PEPG), received two equity awards on 2026-03-01: 76,793 restricted stock units (RSUs) and a derivative equity award covering 300,000 shares. Both awards were reported with an acquisition price of $0.00 (typical for compensation grants), so there was no cash purchase or sale.
Key Details
- Transaction date(s): 2026-03-01; Form 4 filed 2026-03-02 (timely filing).
- Awards reported: 76,793 RSUs (reported as A) and 300,000-share derivative award (reported as A). Reported acquisition price for both = $0.00.
- Vesting for RSUs (F1): RSUs vest in equal annual installments over four years; first vesting on March 1, 2027, subject to continued service.
- Vesting for derivative award (F3): 25% vests on the one-year anniversary of the grant, remaining 75% vests in 36 equal monthly installments thereafter, subject to continued service. This indicates the derivative award is subject to a time-based vesting schedule.
- Note (F2): Filing references 11,938 shares acquired under the company’s 2022 ESPP on Nov 28, 2025 (exempt under Rule 16b-3(c)).
- Shares owned after transaction: not specified in the provided excerpt.
Context
These transactions are compensation grants (awards), not open-market purchases or sales. RSUs and time-vested option-like awards are standard executive compensation and do not necessarily indicate an immediate bullish or bearish view—rather, they tie pay to continued service and future performance. The filing appears timely (filed the next day).
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-01+76,793→ 113,687 total - Award
Stock Option (Right to Buy)
[F3]2026-03-01+300,000→ 300,000 totalExercise: $6.22Exp: 2036-02-29→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]Consists of 76,793 restricted stock units ("RSUs"), each representing the contingent right to receive one share of Common Stock upon vesting. The RSUs vest in equal annual installments over four years, with the first installment vesting on March 1, 2027, subject to the Reporting Person's continued service to the Issuer on each such vesting date.
- [F2]Includes 11,938 shares acquired under the PepGen Inc. 2022 Employee Stock Purchase Plan on November 28, 2025 in a transaction that was exempt under Rule 16b-3(c).
- [F3]This option shall vest and become exercisable as follows: 25% of the shares on the one-year anniversary of the Grant Date, with the remaining 75% vesting and becoming exercisable in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer on each such vesting date.