10x Genomics (NASDAQ: TXG) CEO sells for taxes, still holds 1,085,835 shares
Rhea-AI Filing Summary
10x Genomics, Inc. (TXG) reported an insider transaction by Chief Executive Officer and director Serge Saxonov. On 2026-08-24, he sold 18,545 shares of Class A Common Stock at a weighted average price of $63.0237 per share in open-market trades, solely to cover tax withholding obligations arising from the vesting of restricted stock units. After this sale, he directly held 1,085,835 shares of Class A Common Stock and also had indirect holdings through three trusts for which he serves as trustee.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 18,545 shares
Net Sell
4 txns
Insider
Saxonov Serge
Role
Chief Executive Officer
Sold
18,545 shs ($1.17M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 18,545 | $63.0237 | $1.17M |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,085,835 shares (Direct);
Class A Common Stock — 284,921 shares (Indirect, See footnote)
Footnotes (5)
- F1. The shares were sold to cover tax withholding obligations in connection with the vesting of restricted stock units.
- F2. This transaction was executed in multiple trades at prices ranging from $63.0088 to $63.78, inclusive. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
- F3. The shares are held by the Andromeda Trust, for which the Reporting Person serves as trustee.
- F4. The shares are held by the Y/S Descendants' Trust, for which the Reporting Person serves as trustee.
- F5. The shares are held by the Y/S Pot Trust, for which the Reporting Person serves as trustee.
Key Figures
Shares sold: 18,545 shares of Class A Common Stock
Weighted average sale price: $63.0237 per share
Post-transaction direct holdings: 1,085,835 shares of Class A Common Stock
+2 more
5 metrics
Shares sold
18,545 shares of Class A Common Stock
Sale by CEO Serge Saxonov on 2026-08-24
Weighted average sale price
$63.0237 per share
Tax-withholding sale of 18,545 shares on 2026-08-24
Post-transaction direct holdings
1,085,835 shares of Class A Common Stock
Direct ownership by Serge Saxonov after the sale
Sale price range
$63.0088 to $63.78 per share
Multiple trades executed on 2026-08-24
Net buy/sell shares
−18,545 shares
Net result of reported non-derivative transactions in this Form 4
Key Terms
restricted stock units, weighted average sale price, indirect ownership, tax withholding obligations
4 terms
restricted stock units financial
"tax withholding obligations in connection with the vesting of 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 price reported above reflects the weighted average sale price."
indirect ownership financial
"The shares are held by the Andromeda Trust, for which the Reporting Person serves as trustee."
tax withholding obligations financial
"shares were sold to cover tax withholding obligations in connection with the vesting"
FAQ
What did TXG CEO Serge Saxonov report in this Form 4 filing?
He reported a sale of 18,545 TXG Class A shares on 2026-08-24 at a weighted average price of $63.0237 per share, conducted in open-market trades to cover tax withholding obligations from vesting restricted stock units.
Was this TXG insider sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not describe a trading plan, so the sale is not identified as made pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.