secwatch.observer — SEC 8-K summary
======================================

Issuer:     PepGen Inc. (PEPG)
CIK:        0001835597
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001193125-25-271089
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835597/000119312525271089/0001193125-25-271089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835597/000119312525271089/pepg-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-271089

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer