Fulgent Genetics, Inc. (FLGT) CSO has 1,645 shares withheld on RSU vesting
Rhea-AI Filing Summary
Fulgent Genetics, Inc. (FLGT) reports that Chief Scientific Officer Hanlin Gao had 1,645 shares of Common Stock withheld on July 26, 2026 to satisfy tax withholding obligations from the vesting of restricted stock units assumed in a prior merger, leaving him with 988,729 shares directly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,645 shares
Net Sell
1 txn
Insider
Gao Hanlin
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,645 | $19.67 | $32K |
Holdings After Transaction:
Common Stock — 988,729 shares (Direct)
Footnotes (1)
- F1. The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units assumed pursuant to the Agreement and Plan of Merger, dated as of November 7, 2022 by and among Fulgent Genetics, Inc., FG Merger Sub, Inc., Fulgent Pharma Holdings, Inc., and the stockholders listed therein. These awards were originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on November 9, 2022.
Key Figures
Shares withheld for taxes: 1645.0000 shares
Tax withholding price: $19.6700 per share
Shares held after transaction: 988729.0000 shares
3 metrics
Shares withheld for taxes
1645.0000 shares
Common Stock withheld on July 26, 2026 to satisfy tax obligations on vested RSUs
Tax withholding price
$19.6700 per share
Per-share value used for the tax-withholding disposition of 1,645 shares
Shares held after transaction
988729.0000 shares
Direct Common Stock holdings by Hanlin Gao following the tax-withholding event
Key Terms
restricted stock units, tax withholding obligations, Agreement and Plan of Merger
3 terms
restricted stock units financial
"upon the vesting of certain restricted stock units assumed"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld from the reporting person to satisfy the tax withholding obligations"
Agreement and Plan of Merger regulatory
"assumed pursuant to the Agreement and Plan of Merger, dated"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FLGT’s Hanlin Gao report?
Hanlin Gao, Chief Scientific Officer of Fulgent Genetics, reported a tax-withholding disposition of 1,645 Common Stock shares on July 26, 2026. The shares were withheld to satisfy tax obligations triggered by the vesting of restricted stock units assumed in an earlier merger.
Was Hanlin Gao’s FLGT transaction executed under a Rule 10b5-1 trading plan?
The report’s Rule 10b5-1 checkbox is not marked as a plan transaction. The disclosure only describes a tax-withholding disposition related to RSU vesting and does not indicate that this specific event occurred under a pre-arranged trading plan.