Fulgent Genetics (FLGT) COO reports 4,711-share tax withholding event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulgent Genetics, Inc. President and COO Jian Xie reported a tax-related share withholding on common stock. On January 26, 2026, 4,711 shares of Fulgent Genetics common stock were withheld at $27.53 per share to cover tax obligations from the vesting of restricted stock units tied to a prior merger agreement.
After this transaction, Xie directly beneficially owns 332,038 common shares. In addition, 220,816 common shares are reported as indirectly owned through The Hsieh Family Dynasty Trust, where Xie serves on the investment committee and disclaims beneficial interest except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Xie Jian
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,711 | $27.53 | $130K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 332,038 shares (Direct);
Common Stock — 220,816 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 assumed pursuant to the Agreement and Plan of Merger, dated as of November 7, 2022 by and among Fulgent Genetics, Inc., FG Merger Sub, Inc., Fulgent Pharma Holdings, Inc., and the stockholders listed therein. These awards were originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on November 9, 2022. 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.
FAQ
What insider transaction did Fulgent Genetics (FLGT) report for Jian Xie?
Fulgent Genetics reported that President and COO Jian Xie had 4,711 common shares withheld to cover tax obligations. The withholding occurred on January 26, 2026, in connection with vesting restricted stock units that were originally assumed under a prior merger agreement involving Fulgent Pharma Holdings.
What is the nature of the restricted stock units involved for Fulgent Genetics (FLGT)?
The restricted stock units that triggered tax withholding were assumed under an Agreement and Plan of Merger dated November 7, 2022. That merger involved Fulgent Genetics, FG Merger Sub, Fulgent Pharma Holdings, and certain stockholders, and the awards were originally reported on a November 9, 2022 Form 4.
What role does Jian Xie hold at Fulgent Genetics (FLGT) in this Form 4 filing?
In this Form 4, Jian Xie is identified as an officer of Fulgent Genetics, serving as President and Chief Operating Officer. The filing reflects his status as a reporting person for insider transactions in the company’s common stock under U.S. securities regulations.