Form 4: Fulgent Genetics CFO Paul Kim Reports Tax-Related Stock Transaction
SEC Form 4 Filing
CFO and Treasurer of Fulgent Genetics, Paul Kim, reports disposition of shares to cover tax obligations arising from vesting of restricted stock units.
Summary
- On April 26, 2024, Paul Kim, CFO and Treasurer of Fulgent Genetics, Inc., reported a transaction involving the disposition of 2,738 shares of common stock.
- The shares were withheld to satisfy tax withholding obligations related to the vesting of restricted stock units granted on November 7, 2022.
- The transaction price was $20.1 per share.
- Following the transaction, Kim directly owns 219,672 shares of Fulgent Genetics.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock disposition.
Key Dates
| Date | Description |
|---|---|
| November 7, 2022 | Date of grant of restricted stock units that led to the tax obligation. |
| November 9, 2022 | Original report on Form 4 filed with the U.S. Securities and Exchange Commission. |
| April 26, 2024 | Date of the stock transaction (disposition of shares for tax withholding). |
| April 30, 2024 | Date of signature on the Form 4 filing. |
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