Fulgent Genetics (NASDAQ: FLGT) exec holds 362,051 shares after tax sale
Rhea-AI Filing Summary
Fulgent Genetics, Inc. (FLGT) reported an insider transaction by President and COO Jian Xie. On 2026-08-27, Xie sold 1,193 shares of common stock at a weighted-average price of $19.9053 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units granted on February 26, 2024. After this sale, Xie directly held 362,051 shares and had an additional 220,816 shares held indirectly through The Hsieh Family Dynasty Trust, for which he serves on the investment committee and disclaims beneficial interest except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,193 shares
Net Sell
2 txns
Insider
Xie Jian
Role
President and COO
Sold
1,193 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 1,193 | $19.9053 | $24K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 362,051 shares (Direct);
Common Stock — 220,816 shares (Indirect, By Trust)
Footnotes (3)
- F1. The shares were sold by 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. The shares were sold in multiple transactions at prices ranging from $19.83 to $20.00, inclusive. The reported price reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- F3. Securities held by The Hsieh Family Dynasty Trust, dated January 27, 2010 (the "Trust"). Mr. Xie serves on the investment committee of the Trust. Mr. Xie disclaims any beneficial interest except with respect to any pecuniary interest therein.
Key Figures
Shares sold: 1,193 shares of Common Stock
Weighted-average sale price: $19.9053 per share
Sale price range: $19.83 to $20.00 per share
+3 more
6 metrics
Shares sold
1,193 shares of Common Stock
Sale on 2026-08-27 to satisfy tax withholding obligations
Weighted-average sale price
$19.9053 per share
Weighted-average price for 1,193 shares sold on 2026-08-27
Sale price range
$19.83 to $20.00 per share
Multiple transactions comprising the 1,193-share sale
Direct holdings after transaction
362,051 shares of Common Stock
Direct ownership by Jian Xie following the 2026-08-27 sale
Indirect holdings via Trust
220,816 shares of Common Stock
Held by The Hsieh Family Dynasty Trust; Xie disclaims beneficial interest except pecuniary
RSU grant date
February 26, 2024
Restricted stock units whose vesting triggered tax withholding
Key Terms
restricted stock units, weighted-average sale price, tax withholding obligations, pecuniary interest, +1 more
5 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.
weighted-average sale price financial
"The reported price reflects the weighted-average sale price."
tax withholding obligations financial
"sold by the reporting person to satisfy the tax withholding obligations"
pecuniary interest financial
"Mr. Xie disclaims any beneficial interest except with respect to any pecuniary interest"
indirect ownership financial
"Securities held by The Hsieh Family Dynasty Trust... indirect ownership"
FAQ
What insider transaction did FLGT executive Jian Xie report on this Form 4?
Jian Xie reported a sale of 1,193 FLGT common shares on 2026-08-27 at a weighted-average price of $19.9053 per share. The sale was made to satisfy tax withholding obligations from the vesting of restricted stock units granted on February 26, 2024.
AI-generated analysis. How Rhea-AI works. Not financial advice.