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Fulgent Genetics (FLGT) CEO reports RSU tax withholding and large trust holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fulgent Genetics, Inc. director and Chief Executive Officer Ming Hsieh reported a routine tax withholding event related to equity compensation. Upon vesting of restricted stock units granted on February 26, 2024, 2,949 shares of common stock were withheld at $17.67 per share to satisfy tax obligations, leaving him with 897,685 directly held shares.

He also reports substantial indirect holdings, including shares held by The Ming Hsieh Trust, the Dynasty Trust, a Uniform Transfers to Minor Act account, and an immediate family member in the same household, with individual positions such as 7,895,115 shares and 220,816 shares held via trusts.

Positive

  • None.

Negative

  • None.
Insider Hsieh Ming
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Common Stock 2,949 $17.67 $52K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 897,685 shares (Direct, null); Common Stock — 7,895,115 shares (Indirect, By Trust)
Footnotes (1)
  1. 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. Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust. Securities held by the Dynasty Trust. Mr. Hsieh is the grantor of the Dynasty Trust and he and his spouse, Eva Hsieh, and Jian Xie serve on the investment committee of the Dynasty Trust. Mr. Hsieh disclaims any beneficial interest except with respect to any pecuniary interest therein. Shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian and possesses the sole voting and dispositive power. Shares, which were previously held in a Uniform Transfers to Minor Act account, now held by an immediate family member residing in the same household as Ming Hsieh.
Tax-withheld shares 2,949 shares Common stock withheld to satisfy RSU tax obligations
Tax-withholding price $17.67 per share Value used for withheld RSU shares
Direct holdings after event 897,685 shares Common stock directly held by Ming Hsieh after withholding
Large trust holding 7,895,115 shares Common stock held indirectly by trust
Additional trust holding 220,816 shares Common stock held indirectly by another trust
UTMA account holding 1,000 shares Common stock in Uniform Transfers to Minor Act account
Immediate family holding 1,000 shares Common stock held by immediate family member
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.
Uniform Transfers to Minor Act financial
"Shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian"
tax withholding obligations financial
"shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting"
pecuniary interest financial
"Mr. Hsieh disclaims any beneficial interest except with respect to any pecuniary interest therein"
Dynasty Trust financial
"Securities held by the Dynasty Trust. Mr. Hsieh is the grantor of the Dynasty Trust"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hsieh Ming
(Last)(First)(Middle)
C/O FULGENT GENETICS, INC.
4399 SANTA ANITA AVENUE
(Street)
EL MONTE CALIFORNIA 91731
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Fulgent Genetics, Inc. [ FLGT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/26/2026F2,949(1)D$17.67897,685D
Common Stock7,895,115IBy Trust(2)
Common Stock220,816IBy Trust(3)
Common Stock1,000IUniform Transfer to Minor Account(4)
Common Stock1,000IBy Immediate Family(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust.
3. Securities held by the Dynasty Trust. Mr. Hsieh is the grantor of the Dynasty Trust and he and his spouse, Eva Hsieh, and Jian Xie serve on the investment committee of the Dynasty Trust. Mr. Hsieh disclaims any beneficial interest except with respect to any pecuniary interest therein.
4. Shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian and possesses the sole voting and dispositive power.
5. Shares, which were previously held in a Uniform Transfers to Minor Act account, now held by an immediate family member residing in the same household as Ming Hsieh.
/s/ Paul Kim as Attorney-in-Fact05/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Fulgent Genetics (FLGT) report for Ming Hsieh?

Fulgent Genetics reported that CEO Ming Hsieh had 2,949 common shares withheld to cover tax obligations from restricted stock unit vesting. This was a tax-withholding disposition, not an open-market sale, and is a routine equity-compensation related event.

How many Fulgent Genetics (FLGT) shares does Ming Hsieh hold directly after this filing?

After the tax-withholding disposition, Ming Hsieh holds 897,685 Fulgent Genetics common shares directly. This figure reflects his remaining direct ownership following the 2,949 shares withheld to satisfy tax obligations on vested restricted stock units.

What price was used for the tax-withholding shares in the Fulgent Genetics (FLGT) Form 4?

The 2,949 Fulgent Genetics shares withheld for tax obligations were valued at $17.67 per share. This per-share value applies specifically to the tax-withholding transaction tied to the vesting of restricted stock units granted on February 26, 2024.

What indirect Fulgent Genetics (FLGT) shareholdings are associated with Ming Hsieh?

Indirect holdings include shares held by The Ming Hsieh Trust, the Dynasty Trust, a Uniform Transfers to Minor Act account, and an immediate family member. Reported positions include 7,895,115 shares and 220,816 shares in trusts, plus smaller family and UTMA holdings.

Does the Fulgent Genetics (FLGT) Form 4 indicate an open-market sale by Ming Hsieh?

No, the filing does not indicate an open-market sale. The only specified disposition is 2,949 shares withheld to satisfy tax obligations from restricted stock unit vesting, categorized as a payment of tax liability by delivering securities.