Fulgent Genetics (FLGT) CFO Withholds 1,166 Shares for Taxes at $21.47
Kim Paul, Chief Financial Officer and Treasurer of Fulgent Genetics, Inc. (FLGT), reported a change in beneficial ownership.
Rhea-AI Filing Summary
Kim Paul, Chief Financial Officer and Treasurer of Fulgent Genetics, Inc. (FLGT), reported a change in beneficial ownership. On 08/26/2025 the reporting person had 1,166 shares of common stock disposed of at a price of $21.47 per share, leaving 337,992 shares beneficially owned after the transaction. The filing explains those shares were withheld to satisfy tax-withholding obligations tied to restricted stock units that vested from a grant dated 02/26/2024 (originally reported 02/28/2024). The Form 4 is signed by Paul Kim on 08/28/2025.
Positive
- Transaction disclosed with explanation: The Form 4 explicitly states the shares were withheld to satisfy tax withholding on vested RSUs.
- Post-transaction ownership shown: The filing reports 337,992 shares beneficially owned after the withholding.
- Officer status identified: Reporting person is clearly listed as CFO and Treasurer, improving transparency.
Negative
- Reduction in holdings: 1,166 shares were disposed of (withheld), reducing the reporting person's share count.
- Limited context on materiality: The filing does not provide information to determine whether the disposition is material relative to total holdings or recent trading activity.
Insights
TL;DR: Officer share withholding for taxes after RSU vesting; small disposition and routine disclosure, no indication of trading for liquidity.
The Form 4 shows a single non-derivative disposition of 1,166 shares at $21.47 resulting from tax withholding upon RSU vesting. This is a routine administrative transaction that preserves post-vesting ownership of 337,992 shares. There are no additional purchases, open-market sales, or derivative exercises reported that would suggest a change in compensation structure or a material shift in insider conviction.
TL;DR: Proper Section 16 disclosure of RSU tax withholding; filing appears compliant and timely.
The report identifies the reporting person as an officer (CFO and Treasurer) and discloses the withholding to meet tax obligations tied to an earlier RSU grant. The transaction is documented with explanation and a dated signature, consistent with required insider reporting practices. No governance red flags (e.g., undisclosed related-party transfers) are present in the content provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,166 | $21.47 | $25K |
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 26, 2024, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 28, 2024.
FAQ
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What transaction did Kim Paul (FLGT) report on Form 4?
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