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

This Form 4 filing reports that Garo H. Armen, Chairman, CEO and Principal Financial Officer of Agenus Inc., received 4,925 shares of common stock as payment for his salary in lieu of cash. The transaction occurred on June 12, 2026, with shares priced at $3.30 per share (the closing price on that date). This arrangement was approved by the company's Compensation Committee. Following this transaction, Dr. Armen directly owns 360,892 shares. The filing also discloses indirect ownership through IRA accounts (31,298 shares) and other entities including a GRAT trust (23,950 shares) and Pixie Partners (5,000 shares), where Dr. Armen has partial pecuniary interest. The stock issuance was made under the company's 2019 Equity Incentive Plan, with shares fully vested upon issuance.