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Fulgent (NASDAQ: FLGT) CEO RSU vest triggers 4,392-share tax withholding

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

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 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, 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 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.
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
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.
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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)
06/01/2026		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 Stock06/01/2026F4,392(1)D$18.09893,293D
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 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025.
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-Fact06/03/2026
** 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 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.

How many Fulgent Genetics (FLGT) shares were withheld for Ming Hsieh’s taxes and at what price?

A total of 4,392 Fulgent Genetics common shares were withheld at $18.09 per share. These shares covered tax liabilities arising from the vesting of restricted stock units originally granted to Ming Hsieh on February 25, 2025.

How many Fulgent Genetics (FLGT) shares does Ming Hsieh hold directly after this Form 4?

After the tax-withholding transaction, Ming Hsieh directly holds 893,293 Fulgent Genetics common shares. This figure reflects his remaining direct ownership position following the 4,392-share disposition used solely to satisfy tax obligations.

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.