PepGen Grants Stock Options to New Chief Business and Legal Officer

Reuters12-09
PepGen Grants Stock Options to New Chief Business and Legal Officer

PepGen Inc. has awarded a non-qualified stock option grant to its newly appointed Chief Business and Legal Officer, Joseph Vittiglio. Under the 2024 Inducement Plan, Mr. Vittiglio received an option to purchase 160,000 shares of PepGen's common stock at an exercise price of $5.59 per share, the closing price on December 8, 2025. The stock option has a ten-year term and is set to vest over four years, with 25% vesting on the one-year anniversary of his employment start date and the remainder vesting in equal monthly installments over the next three years, contingent on continued service with the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PepGen Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251209735001) on December 09, 2025, and is solely responsible for the information contained therein.
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