Agenus CEO Garo H. Armen Receives Stock Salary Payment in Lieu of Cash

This Form 4 filing discloses that Garo H. Armen, Chairman, CEO and Principal Financial Officer of Agenus Inc., received 4,629 shares of common stock as payment for his salary for the pay period ending April 3, 2026. The shares were issued at $3.33 per share, which was the closing price on April 2, 2026. This arrangement was made at Dr. Armen's request and approved by the Compensation Committee, with shares issued under the company's 2019 Equity Incentive Plan. Following this transaction, Dr. Armen directly owns 339,147 shares. The filing also reports indirect holdings of 31,298 shares in IRA accounts and 28,950 shares through various trusts and partnerships. The stock-for-salary arrangement demonstrates executive compensation alignment with shareholder interests.