---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-347518"
form_type: "8-K"
ticker: "AGEN"
cik: "0001098972"
company_name: "AGENUS INC"
filed_at: "2026-08-13T01:30:17+00:00"
generated_at: "2026-08-13T10:10:37.767794+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Agenus grants CEO Garo Armen 1.97M performance stock options at $7.78 premium exercise price

## Summary
- Compensation Committee approved 1,971,500 performance-based stock options for CEO Garo Armen on Aug 10, 2026.
- Exercise price set at $7.78/share, above Aug 10 closing price; CEO requested not to price below team's Aug 5 grant.
- Options vest in 5 tranches at 3x, 4x, 5x, 6x, 8x of $7.78, sustained 30 days over 5-year period, min 3-year service.
- Unvested options forfeited on termination; no acceleration; one-year post-exercise holding requirement; subject to clawback.

## SEC filing metadata
- accession: 0001193125-26-347518
- form_type: 8-K
- ticker: AGEN
- cik: 0001098972
- company_name: AGENUS INC
- filed_at: 2026-08-13T01:30:17+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098972/000119312526347518/0001193125-26-347518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098972/000119312526347518/agen-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-347518
- JSON: https://secwatch.observer/filing/0001193125-26-347518.json
- Plain text: https://secwatch.observer/filing/0001193125-26-347518.txt

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