Form 4: Fulgent Genetics COO Jian Xie Reports Stock Transactions
SEC Form 4 Filing
Jian Xie, President and COO of Fulgent Genetics, reports the withholding of shares to cover tax obligations and beneficial ownership through a family trust.
Summary
- On March 1, 2024, Jian Xie, the President and COO of Fulgent Genetics, had shares withheld to cover tax obligations arising from the vesting of restricted stock units.
- A total of 1,075 shares were withheld at a price of $23.24.
- An additional 404 shares were withheld at a price of $23.24.
- Following these transactions, Mr. Xie directly owns 367,738 shares of Fulgent Genetics.
- Mr. Xie also has indirect ownership of 220,816 shares through The Hsieh Family Dynasty Trust.
- Mr. Xie disclaims any beneficial interest in the trust's holdings except for any pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and it doesn't necessarily indicate a significant trend or event within the diagnostics industry.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they primarily relate to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| January 27, 2010 | Date of The Hsieh Family Dynasty Trust |
| February 28, 2022 | Date of restricted stock units grant |
| March 2, 2022 | Date of Form 4 filing reporting the restricted stock units grant |
| March 1, 2024 | Date of stock transactions (tax withholding) |
| March 5, 2024 | Date of signature on the Form 4 filing |
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