Form 4: Fulgent Genetics COO Reports RSU Tax Withholdings
Insider Transaction Report
Fulgent Genetics' President and COO, Jian Xie, reported the disposition of shares to cover tax obligations arising from restricted stock unit vestings.
Summary
- Jian Xie, President and COO of Fulgent Genetics, Inc. (FLGT), reported multiple dispositions of common stock.
- On February 26, 2026, 1,140 shares were disposed of at $24.76 per share to satisfy tax withholding obligations from restricted stock units (RSUs) granted on February 26, 2024.
- On March 1, 2026, 1,079 shares were disposed of at $15.33 per share for tax withholding related to RSUs granted on February 28, 2022.
- Also on March 1, 2026, 8,147 shares were disposed of at $15.33 per share for tax withholding related to RSUs granted on February 25, 2025.
- Following these transactions, Mr. Xie directly owns 375,313 shares of common stock.
- An additional 220,816 shares are indirectly held by The Hsieh Family Dynasty Trust, where Mr. Xie serves on the investment committee.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the reported transactions are routine dispositions of shares to cover tax liabilities associated with the vesting of restricted stock units, which is a common practice for executive compensation.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings from RSU vestings, are common occurrences across all industries for executives receiving equity compensation. These transactions are generally administrative and do not typically reflect a change in management's sentiment towards the company's future prospects.
Related Party Transactions
- 220,816 shares are indirectly held by The Hsieh Family Dynasty Trust, dated January 27, 2010, where Mr. Xie serves on the investment committee. Mr. Xie disclaims beneficial interest except for any pecuniary interest.
Stakeholder Impact
- Shareholders: The transactions represent a minor reduction in direct insider ownership due to tax obligations, which is a routine event and generally has no material impact on shareholder value or company operations.
Key Dates
| Date | Description |
|---|---|
| 2010-01-27 | Date of The Hsieh Family Dynasty Trust establishment. |
| 2022-02-28 | Grant date of certain restricted stock units (RSUs) to Jian Xie. |
| 2024-02-26 | Grant date of certain restricted stock units (RSUs) to Jian Xie. |
| 2025-02-25 | Grant date of certain restricted stock units (RSUs) to Jian Xie. |
| 2026-02-26 | Transaction date for disposition of 1,140 shares for tax withholding. |
| 2026-03-01 | Transaction date for disposition of 1,079 and 8,147 shares for tax withholding. |
| 2026-03-02 | Signature date of the Form 4 filing. |
Keywords
Fulgent Genetics, FLGT, Jian Xie, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.