4/A: Fulgent Genetics Executive Jian Xie Corrects Transaction Dates in Amended SEC Filing
SEC Form 4/A Amendment
Jian Xie, President and COO of Fulgent Genetics, files an amended SEC Form 4 to correct transaction dates related to tax withholding obligations on vested restricted stock units.
Summary
- Jian Xie, President and COO of Fulgent Genetics, filed an amendment to a Form 4 with the SEC on March 4, 2025, to correct transaction dates.
- The original Form 4, filed on February 27, 2025, contained incorrect transaction dates.
- The corrected filing pertains to shares withheld to satisfy tax withholding obligations upon the vesting of performance-based restricted stock units.
- These restricted stock units were granted on February 23, 2023, and February 26, 2024.
- On February 25, 2025, 2,951 shares were withheld at a price of $16.29, and another 8,031 shares were withheld at the same price.
- On February 26, 2025, 4,551 shares were withheld at a price of $16.24.
- Following these transactions, Xie directly owns 380,338 shares of Fulgent Genetics common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always viewed favorably.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies like Fulgent Genetics. It provides transparency into insider transactions and beneficial ownership.
Stakeholder Impact
- The correction of the transaction dates ensures accurate information for shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of grant of performance-based restricted stock units. |
| 02/26/2024 | Date of grant of certain restricted stock units. |
| 02/25/2025 | Corrected transaction date for withholding of 2,951 and 8,031 shares. |
| 02/26/2025 | Corrected transaction date for withholding of 4,551 shares. |
| 02/27/2025 | Original Form 4 filing date with incorrect transaction dates. |
| 03/04/2025 | Date of amended Form 4/A filing. |
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