Form 4: Fulgent Genetics' President and COO Jian Xie Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jian Xie, President and COO of Fulgent Genetics, reports the withholding of shares to cover tax obligations and discloses securities held by The Hsieh Family Dynasty Trust.
Summary
- On April 26, 2024, Jian Xie, the President and COO of Fulgent Genetics, reported changes in beneficial ownership of the company's stock.
- 4,344 shares of common stock were withheld to satisfy tax obligations arising from the vesting of restricted stock units.
- The price per share for the tax withholding was $20.1.
- Following the transaction, Mr. Xie directly owns 363,394 shares of Fulgent Genetics common stock.
- Mr. Xie also has indirect ownership of 220,816 shares through The Hsieh Family Dynasty Trust, dated January 27, 2010.
- Mr. Xie serves on the investment committee of the Trust and disclaims beneficial interest except for any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction (tax withholding). It doesn't inherently convey positive or negative sentiment.
Management Comments
- Mr. Xie disclaims any beneficial interest in the shares held by The Hsieh Family Dynasty Trust except with respect to any pecuniary interest therein.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers.
Key Dates
| Date | Description |
|---|---|
| January 27, 2010 | Date of The Hsieh Family Dynasty Trust |
| November 7, 2022 | Date of restricted stock units grant |
| November 9, 2022 | Date Form 4 filed with the U.S. Securities and Exchange Commission regarding the restricted stock units grant |
| April 26, 2024 | Date of the reported transaction (tax withholding) |
| April 30, 2024 | Date of signature for the report |
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