Fulgent Genetics (FLGT) CSO sells 1,688 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulgent Genetics, Inc. Chief Scientific Officer Hanlin Gao reported an open-market sale of 1,688 shares of common stock at a weighted-average price of $17.8855 per share. The shares were sold to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units. Following this transaction, Gao directly holds 990,374 shares of Fulgent Genetics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,688 shares ($30,191)
Net Sell
1 txn
Insider
Gao Hanlin
Role
Chief Scientific Officer
Sold
1,688 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,688 | $17.8855 | $30K |
Holdings After Transaction:
Common Stock — 990,374 shares (Direct, null)
Footnotes (1)
- The shares were sold by 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 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025. The shares were sold in multiple transactions at prices ranging from $17.63 to $18.10, inclusive. The reported price reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
Key Figures
Shares sold: 1,688 shares
Weighted-average sale price: $17.8855 per share
Shares held after transaction: 990,374 shares
+2 more
5 metrics
Shares sold
1,688 shares
Open-market sale on 2026-06-02 to satisfy tax withholding
Weighted-average sale price
$17.8855 per share
Multiple transactions between $17.63 and $18.10
Shares held after transaction
990,374 shares
Direct ownership following the 1,688-share sale
Transaction code
S (Sale in open market or private transaction)
Form 4 classification of the non-derivative transaction
RSU grant date
February 25, 2025
Restricted stock units whose vesting triggered tax obligations
Key Terms
restricted stock units, weighted-average sale price, open-market sale, tax withholding obligations
4 terms
restricted stock units financial
"tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person"
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.
weighted-average sale price financial
"The reported price reflects the weighted-average sale price."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax withholding obligations financial
"sold by the reporting person to satisfy the tax withholding obligations that arose upon the vesting"
FAQ
What insider transaction did Fulgent Genetics (FLGT) report for Hanlin Gao?
Fulgent Genetics reported that Chief Scientific Officer Hanlin Gao sold 1,688 shares of common stock. The transaction was an open-market sale at a weighted-average price of $17.8855 per share, tied to tax obligations from vested restricted stock units.
Was Hanlin Gao’s Fulgent Genetics (FLGT) sale a routine tax transaction?
Yes. The filing states the 1,688 shares were sold to satisfy tax withholding obligations from vesting restricted stock units. Such tax-driven sales are common for equity compensation and do not necessarily reflect a change in the insider’s outlook.