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

Issuer:     AGENUS INC (AGEN)
CIK:        0001098972
Form:       8-K
Filed at:   2026-08-13T01:30:17+00:00
Accession:  0001193125-26-347518
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098972/000119312526347518/0001193125-26-347518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098972/000119312526347518/agen-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-347518

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