Fulgent (NASDAQ: FLGT) CEO RSU vest triggers 4,392-share tax withholding
Rhea-AI Filing Summary
Fulgent Genetics CEO Ming Hsieh reported a Form 4 showing shares withheld for taxes on vested stock awards, not an open‑market trade. On June 1, 2026, 4,392 shares of common stock were disposed of at $18.09 per share to satisfy tax withholding obligations from restricted stock units granted on February 25, 2025.
After this tax-withholding disposition, Hsieh directly holds 893,293 common shares. He also has substantial indirect holdings through family and trust structures, including shares held by the Ming Hsieh Trust, the Dynasty Trust, a Uniform Transfers to Minor Act account, and an immediate family member residing in the same household.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hsieh Ming
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,392 | $18.09 | $79K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 893,293 shares (Direct);
Common Stock — 7,895,115 shares (Indirect, By Trust)
Footnotes (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 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025. 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.
Key Figures
Tax-withheld shares: 4,392 shares
Withholding price: $18.09 per share
Direct holdings after transaction: 893,293 shares
+4 more
7 metrics
Tax-withheld shares
4,392 shares
Common stock withheld for tax obligations on June 1, 2026
Withholding price
$18.09 per share
Value used for tax-withholding disposition
Direct holdings after transaction
893,293 shares
Common stock directly held by Ming Hsieh post-transaction
Dynasty Trust-related holdings
7,895,115 shares
Indirect common stock held by a trust with investment committee including Hsieh
Additional trust holdings
220,816 shares
Indirect common stock held by The Ming Hsieh Trust
UTMA account holdings
1,000 shares
Uniform Transfers to Minor Act account where Hsieh is custodian
Immediate family holdings
1,000 shares
Shares held by an immediate family member in same household
Key Terms
restricted stock units, Uniform Transfers to Minor Act account, tax withholding obligations, pecuniary interest, +1 more
5 terms
restricted stock units financial
"the 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 account financial
"Shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian"
tax withholding obligations financial
"The 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"
dispositive power financial
"Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Fulgent Genetics (FLGT) report for CEO Ming Hsieh?
Fulgent Genetics reported a tax-withholding disposition by CEO Ming Hsieh. On June 1, 2026, 4,392 common shares were withheld to cover tax obligations from previously granted restricted stock units, rather than sold in an open-market transaction.
What indirect Fulgent Genetics (FLGT) holdings are associated with Ming Hsieh?
Ming Hsieh has indirect holdings through trusts and family accounts. These include securities held by The Ming Hsieh Trust, the Dynasty Trust, a Uniform Transfers to Minor Act account he custodies, and an immediate family member living in the same household.
Was Ming Hsieh’s Fulgent Genetics (FLGT) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered back to satisfy tax obligations triggered by restricted stock unit vesting, a routine administrative event rather than a discretionary sale of stock.
What are the restricted stock units mentioned in Ming Hsieh’s Fulgent Genetics (FLGT) filing?
The restricted stock units are equity awards granted to Ming Hsieh on February 25, 2025. When these RSUs vested, they created tax obligations, leading to the withholding of 4,392 common shares to cover the related tax liabilities.