FLGT.NASDAQFulgent Genetics, INC

Form 4: Fulgent Genetics' President and COO Jian Xie Reports Stock Disposals to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Jian Xie, President and COO of Fulgent Genetics, reported disposing of shares to cover tax withholding obligations related to vested restricted stock units.

Summary

  • On June 1, 2024, Jian Xie, the President and COO of Fulgent Genetics, disposed of 1,075 shares of common stock at a price of $20.65 to cover tax obligations.
  • An additional 404 shares were disposed of on the same day for the same reason, also at $20.65 per share.
  • Following these transactions, Xie directly owns 354,543 shares of Fulgent Genetics' common stock.
  • Xie also has indirect ownership of 220,816 shares through The Hsieh Family Dynasty Trust, dated January 27, 2010, for which he serves on the investment committee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This is a routine filing related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

  • The stock disposal may have a minor impact on shareholders due to the small number of shares involved.

Key Dates

DateDescription
January 27, 2010Date of The Hsieh Family Dynasty Trust
February 28, 2022Date of restricted stock units grant
March 2, 2022Original report of restricted stock units grant on Form 4
June 1, 2024Date of stock disposal transactions
June 4, 2024Date of signature on the Form 4 filing

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