---
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"
generated_at: "2026-05-16T23:07:37.509337+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-271089
- JSON: https://secwatch.observer/filing/0001193125-25-271089.json
- Plain text: https://secwatch.observer/filing/0001193125-25-271089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.