FLGT Form 4: CFO Paul Kim withholds 670 shares at $21.77
Paul Kim, CFO and Treasurer of Fulgent Genetics, Inc. (FLGT) reported a routine disposition on 08/23/2025 in which 670 shares of common stock were disposed (transaction code F) at a price of $21.77 per share.
Rhea-AI Filing Summary
Paul Kim, CFO and Treasurer of Fulgent Genetics, Inc. (FLGT) reported a routine disposition on 08/23/2025 in which 670 shares of common stock were disposed (transaction code F) at a price of $21.77 per share. The filing explains these shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units granted on February 23, 2023. After the withholding, the reporting person beneficially owned 339,158 shares directly. The Form 4 is signed by Paul Kim on 08/26/2025.
Positive
- Transaction is routine tax withholding tied to RSU vesting rather than an open-market sale
- Significant remaining direct ownership: reporting person holds 339,158 shares after the withholding
Negative
- None.
Insights
TL;DR: A small, routine tax-withholding disposition of 670 shares; reporting officer still holds substantial equity.
The reported transaction is a standard withholding to cover taxes on vested restricted stock units rather than an open-market sale aimed at liquidity. The disposed amount (670 shares at $21.77) is minor relative to the remaining direct holdings of 339,158 shares, so the event is unlikely to materially affect company ownership structure or signal a change in executive conviction. Transaction code F and the explanatory note confirm the withholding nature, which is common following RSU vesting.
TL;DR: Disclosure aligns with Section 16 requirements and includes appropriate explanatory note about tax withholding.
The Form 4 includes the required details: reporting person identity, relationship to issuer (CFO and Treasurer), transaction date, price, and post-transaction beneficial ownership. The explanatory footnote ties the disposition to RSU vesting originally reported on February 27, 2023, which aids transparency. The timely filing and manual signature dated 08/26/2025 meet procedural expectations for insider reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 670 | $21.77 | $15K |
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 granted to the reporting person on February 23, 2023, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2023.
FAQ
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