[Form 4] 10x Genomics, Inc. Insider Trading Activity
Serge Saxonov, Chief Executive Officer and Director of 10x Genomics (TXG), filed a Form 4 reporting a transaction dated 09/12/2025 in which 900 shares of Class A common stock were disposed (code G). After the reported transaction, Mr. Saxonov directly beneficially owns 1,034,817 shares of Class A common stock. The filing also discloses substantial indirect and convertible holdings held in multiple trusts for which he serves as trustee, including convertible Class B shares that can convert into Class A shares and derivative holdings underlying 1,192,040 and 1,750,000 Class A shares as reported. Footnotes identify transfers on July 18, 2025 and several irrevocable trusts (each holding 250,000 shares) for which he is sole trustee, indicating estate or trust structuring of substantial ownership.
- Continued substantial ownership: Reporting person retains direct beneficial ownership of 1,034,817 Class A shares and significant convertible/derivative exposure.
- Ownership structured via trusts: Multiple trusts (Andromeda, Sirius, Y/S Descendants', Y/S Pot, seven 2018 irrevocable trusts) hold shares with the reporting person serving as trustee, indicating planned estate/trust structuring.
- None.
Insights
TL;DR: Routine insider gift and trust transfers reflect ownership structuring, not a change in control.
The Form 4 shows a small disposition of 900 Class A shares coded as a gift and multiple transfers among trusts where the reporting person is trustee. The filing emphasizes indirect beneficial ownership via several trusts and the existence of convertible Class B shares that convert to Class A shares on transfer or at the holder's option. These entries are consistent with estate planning and governance structuring rather than operational or governance changes at the company. No departures, new grants, or material dilutive events are disclosed.
TL;DR: Insider retains substantial economic and voting exposure through direct and indirect holdings.
Post-transaction, Mr. Saxonov directly holds 1,034,817 Class A shares and the filing documents convertible Class B and derivative positions that underlie material additional Class A exposure (notably 1,192,040 and 1,750,000 shares in different entries). The movement of 89,825 shares referenced in footnotes and multiple irrevocable trusts each holding 250,000 shares suggest ongoing ownership concentration and internal transfers among family/trust vehicles. The small 900-share disposition is immaterial relative to total holdings and does not indicate a shift in his economic stake.