Fulgent Genetics (FLGT) CEO has 2,949 shares withheld for RSU taxes
Rhea-AI Filing Summary
Fulgent Genetics, Inc. (FLGT) reported an insider tax-withholding transaction by Chief Executive Officer and director Ming Hsieh. On 2026-08-26, 2,949 shares of common stock were withheld at $19.81 per share to satisfy tax obligations arising from the vesting of restricted stock units granted on February 26, 2024.
After this withholding, Hsieh directly held 890,344 common shares. He also has indirect holdings through The Ming Hsieh Trust, the Dynasty Trust (where he disclaims beneficial interest except for any pecuniary interest), a Uniform Transfers to Minor Act account for which he is custodian holding 1,000 shares, and 1,000 shares held by an immediate family member in the same household.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,949 shares
Net Sell
5 txns
Insider
Hsieh Ming
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,949 | $19.81 | $58K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 890,344 shares (Direct);
Common Stock — 8,115,931 shares (Indirect, By Trust);
Common Stock — 1,000 shares (Indirect, Uniform Transfer to Minor Account);
Common Stock — 1,000 shares (Indirect, By Immediate Family)
Footnotes (5)
- 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
Key Figures
Shares withheld for tax: 2,949 shares
Withholding price per share: $19.81 per share
Direct holdings after transaction: 890,344 shares
+3 more
6 metrics
Shares withheld for tax
2,949 shares
Shares of FLGT common stock withheld on 2026-08-26 to satisfy tax liabilities upon RSU vesting
Withholding price per share
$19.81 per share
Per-share value used for the 2,949 shares withheld for tax on 2026-08-26
Direct holdings after transaction
890,344 shares
Direct FLGT common shares held by Ming Hsieh after the 2,949-share withholding
UTMA account holdings
1,000 shares
FLGT shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian
Immediate family holdings
1,000 shares
FLGT shares held by an immediate family member residing in the same household as Ming Hsieh
RSU grant date
February 26, 2024
Grant date of restricted stock units whose vesting triggered the tax withholding
Key Terms
restricted stock units, Uniform Transfers to Minor Act, pecuniary interest, dispositive power, +1 more
5 terms
restricted stock units financial
"tax withholding obligations that arose upon the vesting of certain restricted stock units granted"
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"
pecuniary interest financial
"Mr. Hsieh disclaims any beneficial interest except with respect to any pecuniary interest therein"
dispositive power financial
"possesses the sole voting and dispositive power with respect to securities held"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
tax withholding obligations financial
"to satisfy the tax withholding obligations that arose upon the vesting"
FAQ
What transaction did FLGT CEO Ming Hsieh report on this Form 4?
Ming Hsieh reported that 2,949 FLGT common shares were withheld on 2026-08-26 at $19.81 per share to pay tax withholding obligations from the vesting of previously granted restricted stock units.
What is the origin of the restricted stock units underlying this FLGT tax withholding?
The tax withholding relates to restricted stock units granted to Ming Hsieh on February 26, 2024, which were originally reported on a Form 4 filed on February 28, 2024. The RSU vesting triggered the tax obligation satisfied by withholding 2,949 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
