PepGen reprices underwater stock options to $4.53 for key employees including CEO, CFO, EVP

PepGen Inc.

Repriced 3,557,903 shares held by employees and named executives; new exercise price $4.53.
Eligible participants must remain employed until March 31, 2027 to exercise at reduced price.
Previous exercise prices ranged from $8.89 to $17.91 per share; ~2/3 of all employee options were underwater.
CEO James McArthur recused from board vote; repricing approved by disinterested directors.

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