Precigen Management

Management criteria checks 2/4

Precigen's CEO is Helen Sabzevari, appointed in Jan 2020, has a tenure of 4.83 years. total yearly compensation is $3.72M, comprised of 26.9% salary and 73.1% bonuses, including company stock and options. directly owns 0.77% of the company’s shares, worth €1.93M. The average tenure of the management team and the board of directors is 4.8 years and 10.6 years respectively.

Key information

Helen Sabzevari

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	26.9%
CEO tenure	4.8yrs
CEO ownership	0.8%
Management average tenure	4.8yrs
Board average tenure	10.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Helen Sabzevari's remuneration changed compared to Precigen's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$135m
Mar 31 2024	n/a	n/a	-US$97m
Dec 31 2023	US$4m	US$1m	-US$96m
Sep 30 2023	n/a	n/a	-US$85m
Jun 30 2023	n/a	n/a	-US$73m
Mar 31 2023	n/a	n/a	-US$79m
Dec 31 2022	US$3m	US$1m	-US$80m
Sep 30 2022	n/a	n/a	-US$84m
Jun 30 2022	n/a	n/a	-US$103m
Mar 31 2022	n/a	n/a	-US$108m
Dec 31 2021	US$3m	US$1m	-US$111m
Sep 30 2021	n/a	n/a	-US$124m
Jun 30 2021	n/a	n/a	-US$125m
Mar 31 2021	n/a	n/a	-US$110m
Dec 31 2020	US$20m	US$1m	-US$104m
Sep 30 2020	n/a	n/a	-US$100m
Jun 30 2020	n/a	n/a	-US$122m
Mar 31 2020	n/a	n/a	-US$138m
Dec 31 2019	US$1m	US$500k	-US$169m
Sep 30 2019	n/a	n/a	-US$373m
Jun 30 2019	n/a	n/a	-US$381m
Mar 31 2019	n/a	n/a	-US$414m
Dec 31 2018	US$3m	US$500k	-US$375m

Compensation vs Market: Helen's total compensation ($USD3.72M) is above average for companies of similar size in the German market ($USD793.03K).

Compensation vs Earnings: Helen's compensation has increased whilst the company is unprofitable.

CEO

Helen Sabzevari (62 yo)

4.8yrs

Tenure

US$3,719,061

Compensation

Dr. Helen Sabzevari, Ph.D. MPH, served as Independent Director at Kinnate Biopharma Inc. from June 2021 to April 3, 2024. She has been President and Chief Executive Officer of Precigen, Inc (formerly Intre...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Randal Kirk	Executive Chairman	16.8yrs	US$600.00k	0.40% € 996.9k
Helen Sabzevari	President	4.8yrs	US$3.72m	0.77% € 1.9m
Harry Thomasian	Chief Financial Officer	3.1yrs	US$1.13m	0.080% € 199.8k
Rutul Shah	Chief Operating Officer	no data	US$1.04m	0.073% € 182.7k
Donald Lehr	Chief Legal Officer & Corporate Secretary	13.8yrs	US$1.06m	0.19% € 468.7k
Jeffrey Perez	Senior Vice President of Intellectual Property Affairs	10.3yrs	US$872.09k	0.26% € 647.3k
Steven Harasym	VP & Head of Investor Relations	6.8yrs	no data	no data
Rob Russell	VP & Head of Human Resources	no data	no data	no data
Douglas Brough	Senior VP & Head of Research	no data	no data	no data
Bryan Butman	Senior VP & Head of CMC	no data	no data	no data
Amy Lankford	Senior VP & Head of Clinical Operations and Regulatory Affairs	1.4yrs	no data	no data
Phil Tennant	Chief Commercial Officer	less than a year	no data	no data

4.8yrs

Average Tenure

62yo

Average Age

Experienced Management: I5X's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Randal Kirk	Executive Chairman	16.8yrs	US$600.00k	0.40% € 996.9k
Helen Sabzevari	President	4.4yrs	US$3.72m	0.77% € 1.9m
Jeffrey Kindler	Independent Director	13yrs	US$319.00k	0.14% € 342.6k
Fred Hassan	Independent Director	8.4yrs	US$306.50k	0.36% € 897.0k
Cesar Alvarez	Independent Director	16.8yrs	US$312.50k	0.20% € 496.4k
James Turley	Lead Independent Director	10.6yrs	US$312.50k	0.16% € 411.5k
Steven Frank	Independent Director	16.8yrs	US$300.00k	0.36% € 892.1k
Nancy Agee	Independent Director	less than a year	no data	0.0061% € 15.3k
Vinita Gupta	Independent Director	7.6yrs	US$306.50k	0.16% € 396.9k

10.6yrs

Average Tenure

69yo

Average Age

Experienced Board: I5X's board of directors are seasoned and experienced ( 10.6 years average tenure).

Precigen Management

Management criteria checks 2/4

Key information

Recent management updates

Precigen, Inc. Announces the Appointment of Phil Tennant as Chief Commercial Officer

Precigen, Inc., Annual General Meeting, Jul 05, 2024

Independent Director recently bought €630k worth of stock

Insufficient new directors

Precigen, Inc. Appoints Rutul R. Shah as Chief Operating Officer, Effective October 1, 2022

Chief Financial Officer recently bought €51k worth of stock

Recent updates

Precigen Receives Non-Compliance Letter from Nasdaq Regarding Bid Price Rule

Precigen Receives Non-Compliance Letter from Nasdaq Regarding Bid Price Rule

Second quarter 2024 earnings released: US$0.23 loss per share (vs US$0.082 loss in 2Q 2023)

Precigen, Inc. to Report Q2, 2024 Results on Aug 14, 2024

New minor risk - Shareholder dilution

Precigen, Inc. has completed a Follow-on Equity Offering in the amount of $30 million.

Precigen, Inc. has filed a Follow-on Equity Offering in the amount of $30 million.

New major risk - Share price stability

Precigen, Inc. Announces the Appointment of Phil Tennant as Chief Commercial Officer

New major risk - Share price stability

Precigen, Inc. Announces Groundbreaking Pivotal Study Data for PRGN-2012 in Patients with Recurrent Respiratory Papillomatosis in Which More Than Half of Patients Achieved Complete Response

Precigen, Inc., Annual General Meeting, Jul 05, 2024

First quarter 2024 earnings released: US$0.095 loss per share (vs US$0.099 loss in 1Q 2023)

Precigen, Inc. to Report Q1, 2024 Results on May 14, 2024

Precigen, Inc. to Present Late-Breaking Abstract for Pivotal Phase 2 Study Data for PRGN- 2012 AdenoVerse Immunotherapy

Full year 2023 earnings released: US$0.39 loss per share (vs US$0.40 loss in FY 2022)

Precigen, Inc. to Report Q4, 2023 Results on Mar 19, 2024

Precigen, Inc. Receives Orphan Drug Designation for PRGN- 2012 for the Treatment of Recurrent Respiratory Papillomatosis from the European Commission

Forecast to breakeven in 2026

New minor risk - Profitability

Third quarter 2023 earnings released: US$0.08 loss per share (vs US$0.038 loss in 3Q 2022)

Independent Director recently bought €630k worth of stock

Precigen, Inc Announces FDA Confirmation that the Ongoing Phase 1/2 Study of PRGN-2012 AdenoVerse Immunotherapy Will Serve as the Pivotal Study to Support Accelerated Approval

Second quarter 2023 earnings released: US$0.082 loss per share (vs US$0.13 loss in 2Q 2022)

Precigen, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Precigen, Inc. Receives Breakthrough Therapy Designation for PRGN- 2012 Adenoverse Immunotherapy for the Treatment of Recurrent Respiratory Papillomatosis

Precigen Announces Positive Phase 1 Data for PRGN-3005 Autologous UltraCAR-T Cells Manufactured Overnight for Infusion Next Day to Advanced Stage Platinum Resistant Ovarian Cancer Patients

Precigen Announces Positive Phase 1 Data for Off-the-Shelf PRGN-2009 AdenoVerse Immunotherapy Alone and in Combination with an Investigational Checkpoint Inhibitor in Patients with Recurrent/Metastatic HPV-associated Cancers

Precigen, Inc. Receives FDA Clearance of IND to Initiate Phase 2 Study of PRGN-2009 Off-the Shelf AdenoVerse Immunotherapy in Combination with Pembrolizumab to Treat Patients with Recurrent or Metastatic Cervical Cancer

First quarter 2023 earnings released: US$0.099 loss per share (vs US$0.12 loss in 1Q 2022)

Precigen, Inc. to Report Q1, 2023 Results on May 10, 2023

Precigen, Inc. has completed a Follow-on Equity Offering in the amount of $75 million.

Precigen, Inc. Provides Pipeline and Corporate Updates at the 41st Annual J.P. Morgan Healthcare Conference

Now 20% undervalued after recent price drop

Precigen, Inc. Announces Positive Phase 1 Dose Escalation Data for Autologous PRGN-3006 UltraCAR-T Manufactured Overnight for Next Day Infusion in Relapsed or Refractory Acute Myeloid Leukemia Patients

Insufficient new directors

Third quarter 2022 earnings released: US$0.038 loss per share (vs US$0.15 loss in 3Q 2021)

Precigen, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Precigen, Inc. Appoints Rutul R. Shah as Chief Operating Officer, Effective October 1, 2022

Chief Financial Officer recently bought €51k worth of stock

Independent Director recently sold €111k worth of stock

Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.10 loss in 2Q 2021)

Precigen, Inc. to Report Q2, 2022 Results on Aug 08, 2022

URUS Group LP agreed to acquire Trans Ova Genetics LC from Precigen, Inc. (NasdaqGS:PGEN) for $180 million.

First quarter 2022 earnings released: US$0.096 loss per share (vs US$0.11 loss in 1Q 2021)

Precigen, Inc. Announces Impairment of Goodwill for Three Months Ended March 31, 2022

Precigen, Inc. to Report Q1, 2022 Results on May 09, 2022

Precigen, Inc., Annual General Meeting, Jun 09, 2022

Insufficient new directors

Precigen, Inc. Receives Fast Track Designation for PRGN-3006 UltraCAR-T® in Patients with Relapsed or Refractory Acute Myeloid Leukemia

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Precigen, Inc. to Report Q4, 2021 Results on Mar 01, 2022

Precigen, Inc Announces Positive Interim Phase 1 Data for PRGN-3006 UltraCAR-T® in Relapsed or Refractory Acute Myeloid Leukemia

Insufficient new directors

Executive Chairman recently bought €3.2m worth of stock

Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.18 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.10 loss per share (vs US$0.26 loss in 2Q 2020)

VP of Finance & Accounting and Principal Accounting Officer D. Osborne has left the company

First quarter 2021 earnings released: US$0.11 loss per share (vs US$0.19 loss in 1Q 2020)

Chief Financial Officer has left the company

Revenue misses expectations

Full year 2020 earnings released: US$0.62 loss per share (vs US$1.10 loss in FY 2019)

Precigen, Inc. to Report Q4, 2020 Results on Mar 01, 2021

Precigen, Inc. has completed a Follow-on Equity Offering in the amount of $112.5 million.

Precigen, Inc. Announces Clearance of IND to Initiate Phase I Study of PRGN-2012 AdenoVerse Immunotherapy in Patients with Recurrent Respiratory Papillomatosis

New 90-day high: €8.85

Precigen, Inc. Provides Latest Clinical Developments At Virtual R&D Update Event

Zhang Investor Law Alerts Investors to December 4 Deadline in Securities Class Action Lawsuit Against Precigen, Inc

New 90-day high: €6.20