Form 4: GeneDx Holdings Corp. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kareem Saad, Chief Transformation Officer of GeneDx Holdings Corp., sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Kareem Saad, Chief Transformation Officer of GeneDx Holdings Corp., reported transactions involving Class A Common Stock.
- On March 16, 2024, 5,114 shares were acquired through the vesting of restricted stock units (RSUs) at a price of $0.
- On March 18, 2024, 2,008 shares were sold at a weighted average price of $10.5923 per share, ranging from $10.11 to $10.6501.
- The sales were executed to cover tax withholding obligations associated with the vesting of the RSUs.
- Following these transactions, Saad directly owns 29,517 shares of Class A Common Stock and 61,362 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Commencement date for quarterly vesting of restricted stock units over a 4-year period. |
| 03/16/2024 | Acquisition of 5,114 shares through RSU vesting. |
| 03/18/2024 | Sale of 2,008 shares to cover tax obligations. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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