Form 4: GeneDx Holdings Corp. CFO Kevin Feeley Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kevin Feeley, CFO of GeneDx Holdings Corp., sold 931 shares of Class A Common Stock on March 12, 2024, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Summary
- On March 12, 2024, Kevin Feeley, the Chief Financial Officer of GeneDx Holdings Corp., sold 931 shares of Class A Common Stock.
- The shares were sold at a weighted average price of $9.2097.
- The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Feeley still beneficially owns 24,983 shares.
- The sales were to satisfy tax withholding obligations to be funded by a 'sell to cover' transaction.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes upon the vesting of stock awards.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder perception, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the transaction: Kevin Feeley sold 931 shares of Class A Common Stock. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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