Form 4: Fulgent Genetics CFO Paul Kim Reports Tax Withholding Stock Disposals
SEC Form 4
Paul Kim, CFO and Treasurer of Fulgent Genetics, reports the disposal of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On March 1, 2024, Paul Kim, CFO and Treasurer of Fulgent Genetics, disposed of 1,129 shares of common stock at a price of $23.24 to cover tax withholding obligations.
- An additional 424 shares were disposed of on the same date and at the same price for the same reason.
- Following these transactions, Kim directly owns 222,410 shares of Fulgent Genetics common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The disposal of shares by the CFO to cover tax obligations has a minimal impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of restricted stock units grant to the reporting person |
| 03/02/2022 | Date of Form 4 filing reporting the restricted stock units grant |
| 03/01/2024 | Date of stock disposal for tax withholding obligations |
| 03/05/2024 | Date of signature on the Form 4 |
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