other_material
confidence high
sentiment neutral
materiality 0.40
Tevogen Bio grants 8M restricted shares to CEO; total outstanding 193.7M shares
Tevogen Bio Holdings Inc.
- Board approved restricted stock awards on June 27, 2025, including 8M shares to CEO Dr. Ryan Saadi.
- Total outstanding shares now 193,693,433.
- CEO's shares vest in four equal annual installments starting on the seventh anniversary of grant.
- Other grantees' shares vest in three equal annual installments starting on the fifth anniversary.
- Shares subject to forfeiture if continuous service not maintained; cannot be transferred before vesting.
item 8.01