Fulgent CSO reports routine tax-withholding shares
Fulgent Genetics, Inc. Chief Scientific Officer Hanlin Gao reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Fulgent Genetics, Inc. Chief Scientific Officer Hanlin Gao reported a routine tax-related share disposition. On the vesting of restricted stock units assumed in a prior merger, 1,645 shares of common stock were withheld to cover tax withholding obligations at $16.31 per share.
Following this tax-withholding event, Gao directly holds 993,007 shares of Fulgent Genetics common stock. This withholding is an administrative mechanism tied to equity compensation and does not represent an open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,645 | $16.31 | $27K |
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
Key Terms
restricted stock units financial
Agreement and Plan of Merger financial
tax withholding obligations financial
FAQ
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What insider transaction did Fulgent Genetics (FLGT) report for Hanlin Gao?
Was this FLGT insider transaction an open-market sale by Hanlin Gao?
What is the origin of the restricted stock units in this Fulgent Genetics Form 4?
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