Agenus CEO Garo Armen Receives Stock Compensation in Lieu of Salary

This Form 4 filing discloses that Garo H. Armen, Chairman, CEO, and Principal Financial Officer of Agenus Inc., received 4,540 shares of common stock as compensation in lieu of cash salary for the pay period ending May 15, 2026. The shares were issued at $3.58 per share, which was the closing price on May 15, 2026. Following this transaction, Dr. Armen directly owns 351,323 shares. The filing also reports indirect holdings of 31,298 shares in IRA accounts and 28,950 shares through trusts and partnerships. The stock compensation arrangement was approved by the Agenus Compensation Committee and the shares were issued under the company's 2019 Equity Incentive Plan, fully vested upon issuance. This filing demonstrates executive compensation structured as equity rather than cash.