Agenus (AGEN) executive Armen sold 82,107 shares for $534K at $6.50

Insider transactions reported

Garo H Armen (executive at Agenus Inc., AGEN) reported that they sold 82,107 shares for $534K at $6.50, and acquired 119,178 shares at $3.36 on Sep 13, 2021. After these transactions the filing shows 770,773 shares held directly.

Reporting person

Armen Garo H

Options and other derivatives

Holdings before and after

• Common Stock: 733,702 to 770,773 direct
• Stock Option, right to buy: 119,178 to 0 direct

Other positions listed

• Common Stock: 125,969 indirect, See Footnote
• Common Stock: 579,000 indirect, See Footnote

Footnotes from the filing

1. 1. The options subject to the transaction reported on this Form 4 would have expired on September 14, 2021.
2. 2. Shares are held in Dr. Armen's IRA accounts.
3. 3. Dr. Armen is trustee and has investment authority for the Garo Armen 2020 2 Year AG GRAT holder of 479,000 shares of our Common Stock. Dr. Armen is a general partner in Pixie Partners, a General Partnership ( Pixie ), which as of the date of this report owns 100,000 shares of our Common Stock. Dr. Armen has a pecuniary interest in only a portion of the shares held by Pixie and disclaims beneficial ownership to the extent of his pecuniary interest therein.
4. 4. Represents sales of shares, as a consequence of the exercise of options, to cover Federal, state and local tax withholding requirements and the exercise price payment related to the option exercise. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $6.44 to $6.55. The Reporting Person undertakes to provide to the Issuer, any shareholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Transaction codes in this filing

Open-market sale:

Code S marks a sale in the open market or a private deal. The insider received cash for these securities.

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

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