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 related to vesting restricted stock units.
Summary
- On February 23, 2025, Jian Xie, the President and COO of Fulgent Genetics, had 719 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $16.46 per share.
- Following the transaction, Mr. Xie directly owns 329,229 shares of Fulgent Genetics common stock.
- Mr. Xie also indirectly owns 220,816 shares through The Hsieh Family Dynasty Trust.
- Mr. Xie disclaims beneficial interest in the shares held by the trust except for any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider stock transactions, indicating a neutral 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
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| January 27, 2010 | Date of The Hsieh Family Dynasty Trust |
| February 23, 2023 | Date of restricted stock units grant |
| February 27, 2023 | Original report of restricted stock units grant on Form 4 |
| February 23, 2025 | Date of stock transaction (tax withholding) |
| February 25, 2025 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.