Form 4: Fulgent Genetics President and COO Jian Xie Reports Stock Transaction
SEC Form 4 Filing
Jian Xie, President and COO of Fulgent Genetics, reports the withholding of shares to cover tax obligations and indirect ownership through a family trust.
Summary
- On January 26, 2025, Jian Xie, the President and COO of Fulgent Genetics, had 4,733 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $17.21 per share.
- Following the transaction, Mr. Xie directly owns 329,948 shares of Fulgent Genetics common stock.
- Mr. Xie also indirectly owns 220,816 shares through The Hsieh Family Dynasty Trust.
- Mr. Xie serves on the investment committee of the Trust and disclaims beneficial interest except for any pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction (tax withholding) and doesn't inherently indicate 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 Form 4 filing is a routine disclosure related to insider transactions and is required by the SEC to provide transparency to investors.
Key Dates
| Date | Description |
|---|---|
| January 27, 2010 | Date of The Hsieh Family Dynasty Trust |
| November 7, 2022 | Date of the Agreement and Plan of Merger by and among Fulgent Genetics, Inc., FG Merger Sub, Inc., Fulgent Pharma Holdings, Inc., and the stockholders listed therein |
| November 9, 2022 | Date awards were originally reported on Form 4 filed with the U.S. Securities and Exchange Commission |
| January 26, 2025 | Date of stock transaction (tax withholding) |
| January 28, 2025 | Date of signature on the Form 4 filing |
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