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 discloses holdings in a family trust.
Summary
- On May 3, 2024, Jian Xie, the President and COO of Fulgent Genetics, had 6,719 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $21.5 per share.
- Following the transaction, Mr. Xie directly owns 356,675 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: The document is a standard SEC filing related to stock transactions, and the sentiment is neutral as it simply reports facts without expressing any positive or negative outlook.
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 required by the SEC for corporate insiders, providing transparency into their stock transactions and ownership positions in the company.
Key Dates
| Date | Description |
|---|---|
| January 27, 2010 | Date of The Hsieh Family Dynasty Trust |
| August 3, 2020 | Date of restricted stock units grant to Jian Xie |
| August 5, 2020 | Date Form 4 filed with the SEC reporting the restricted stock units grant |
| May 3, 2024 | Date of the stock transaction (tax withholding) |
| May 7, 2024 | Date of signature on the Form 4 filing |
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