Tevogen grants CEO Ryan Saadi 8 million restricted shares tied to $1 billion revenue target by 2031
TVGN•CEO and CFO receive restricted stock awards under 2024 plan
Tevogen granted restricted stock awards on Sept. 14, 2026 under its 2024 Omnibus Incentive Plan.
- CEO Ryan Saadi received 8,000,000 restricted shares.
- CFO Kirti Desai received 750,000 restricted shares.
- Vesting requires board certification of $1 billion aggregate revenue by Sept. 30, 2031.
- Shares carry voting rights before vesting; transfers are barred until vesting.
- Unvested awards are forfeited if the revenue target is missed or service ends before vesting.
