Fulgent Genetics CEO withholds 4,392 shares
Fulgent Genetics CEO Ming Hsieh had shares withheld for RSU tax obligations and reports significant direct and indirect common stock holdings.
Rhea-AI Filing Summary
Fulgent Genetics, Inc. (FLGT) reported that Chief Executive Officer and director Ming Hsieh had 4,392 shares of common stock withheld on September 1, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units granted on February 25, 2025. After this tax-withholding disposition, he directly holds 885,952 shares of common stock. He also reports indirect ownership through the Ming Hsieh Trust, the Dynasty Trust (for which he disclaims any beneficial interest except for any pecuniary interest), a Uniform Transfers to Minors Act account, and an immediate family member’s account, where he or related parties have varying voting and dispositive powers. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 4,392 shares
Tax Withholding
5 txns
Insider
Hsieh Ming
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 4,392 | $19.59 | $86K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 885,952 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 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025.
- 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: 4,392 shares
Tax-withholding price per share: $19.59 per share
Direct holdings after transaction: 885,952 shares
+2 more
5 metrics
Shares withheld for tax
4,392 shares
Common stock withheld on September 1, 2026 to satisfy tax withholding on RSU vesting
Tax-withholding price per share
$19.59 per share
Reported price for the 4,392 shares withheld on September 1, 2026
Direct holdings after transaction
885,952 shares
Fulgent Genetics common stock directly owned by Ming Hsieh after September 1, 2026 withholding
UTMA indirect holdings
1,000 shares
Common stock held in a Uniform Transfers to Minor Act account for which Ming Hsieh is custodian
Immediate family indirect holdings
1,000 shares
Common stock held by an immediate family member residing in the same household as Ming Hsieh
Key Terms
restricted stock units, Uniform Transfers to Minor Act, voting and dispositive power, beneficial interest, +2 more
6 terms
restricted stock units financial
"tax withholding obligations that arose upon the vesting of certain restricted stock units"
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"
voting and dispositive power financial
"possesses the sole voting and dispositive power with respect to securities"
beneficial interest financial
"Mr. Hsieh disclaims any beneficial interest except with respect"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
pecuniary interest financial
"except with respect to any pecuniary interest therein"
Dynasty Trust financial
"Securities held by the Dynasty Trust. Mr. Hsieh is the grantor"
FAQ
What did FLGT CEO Ming Hsieh report in this Form 4 transaction?
Ming Hsieh reported that 4,392 FLGT common shares were withheld on September 1, 2026 to satisfy tax withholding obligations from the vesting of previously granted restricted stock units.
Was the FLGT Form 4 transaction part of a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with the September 1, 2026 tax-withholding transaction.
What indirect FLGT holdings does Ming Hsieh report?
Ming Hsieh reports indirect interests in FLGT common stock through The Ming Hsieh Trust, the Dynasty Trust, a Uniform Transfers to Minors Act account, and shares now held by an immediate family member in the same household.
AI-generated analysis. How Rhea-AI works. Not financial advice.
