{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-271089","form_type":"8-K","ticker":"PEPG","cik":"0001835597","company_name":"PepGen Inc.","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.715712+00:00","generated_at":"2026-05-16T23:07:37.509337+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"PepGen reprices underwater stock options to $4.53 for key employees including CEO, CFO, EVP","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-271089","json":"https://secwatch.observer/filing/0001193125-25-271089.json","markdown":"https://secwatch.observer/filing/0001193125-25-271089.md","text":"https://secwatch.observer/filing/0001193125-25-271089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835597/000119312525271089/0001193125-25-271089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835597/000119312525271089/pepg-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:07:37.509337+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}