GeneDx CFO sells shares to cover RSU taxes
GeneDx Holdings Corp. chief financial officer Kevin Feeley reported an RSU vesting and related share sales to cover taxes.
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Form Type
4
Rhea-AI Filing Summary
GeneDx Holdings Corp. chief financial officer Kevin Feeley reported an RSU vesting and related share sales to cover taxes. On June 16, 2026, 7,197 restricted stock units converted into an equal number of Class A Common shares for no cash consideration.
To fund tax withholding on this vesting, he sold a total of 3,729 Class A Common shares in open-market transactions at weighted-average prices between about $59 and $62 per share. After these sales, he beneficially owned 39,954 shares, plus RSUs covering up to 82,043 shares and options for up to 25,906 shares, all vesting under their existing terms.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Feeley Kevin
Role
CHIEF FINANCIAL OFFICER
Sold
3,729 shs ($227K)
Approx. gross sale proceeds
$227K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,197 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,197 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 760 | $59.7543 | $45K |
| Sale | Class A Common Stock | 2,106 | $60.8291 | $128K |
| Sale | Class A Common Stock | 863 | $61.5035 | $53K |
Holdings After Transaction:
Restricted Stock Unit — 21,590 contracts (Direct);
Class A Common Stock — 39,954 shares (Direct)
Footnotes (7)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration.
- F2. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.26 to $60.24 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 4 and 5 of this Form 4.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.40 to $61.35 per share, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.44 to $61.69 per share, inclusive.
- F6. Following the reported sale undertaken to satisfy tax withholding liabilities, in addition to the 39,954 shares of Class A Common Stock beneficially owned by the Reporting Person, the Reporting Person held RSUs representing contingent rights to receive up to an aggregate 82,043 shares of the Issuer's Class A Common Stock and options to purchase up to an aggregate 25,906 shares of Class A Common Stock, which RSUs and options vest according to their respective terms.
- F7. 6.25% of the total award vested or vests quarterly, with the first tranche vested on June 16, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date. These RSUs do not have an expiration date; they either vest or are cancelled prior to the vesting date.
Key Figures
Shares sold: 3,729 shares
RSUs vested: 7,197 units
Weighted-average sale prices: $59.26–$61.69 per share
+4 more
7 metrics
Shares sold
3,729 shares
Open-market sales on June 16, 2026 to cover RSU taxes
RSUs vested
7,197 units
RSUs converting into Class A Common Stock on June 16, 2026
Weighted-average sale prices
$59.26–$61.69 per share
Price ranges for multiple sale transactions on June 16, 2026
Shares owned after transactions
39,954 shares
Class A Common Stock beneficially owned following tax-cover sales
RSUs outstanding
82,043 units
Contingent rights to receive Class A Common Stock after reported sale
Stock options outstanding
25,906 options
Options to purchase Class A Common Stock, vesting per their terms
Quarterly vesting rate
6.25%
Portion of the referenced RSU award vesting each quarter
Key Terms
restricted stock unit ("RSU"), sell to cover, weighted average price, beneficially owned, +1 more
5 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share..."
sell to cover financial
"The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction..."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially owned financial
"in addition to the 39,954 shares of Class A Common Stock beneficially owned by the Reporting Person..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
options to purchase financial
"and options to purchase up to an aggregate 25,906 shares of Class A Common Stock..."
A legal right, usually in the form of a contract, that lets someone buy a specific asset—most often shares—at a set price within a fixed time period. Think of it like a reservation or coupon that guarantees today’s price for a future purchase; investors watch these because exercising the options can change how many shares exist, affect company ownership, and create potential gains or dilution for existing shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GeneDx (WGS) CFO Kevin Feeley report in this Form 4?
Kevin Feeley reported a vesting of restricted stock units and related share sales to cover taxes. 7,197 RSUs converted into Class A Common shares, and some of those shares were sold in the market solely to satisfy associated withholding obligations.
What RSU and option awards does the GeneDx (WGS) CFO still hold?
After the reported events, Feeley held RSUs for up to 82,043 shares and options for up to 25,906 shares. These awards vest under their existing schedules, with 6.25% of a referenced RSU award vesting quarterly, contingent on continued service with the company.
How do the GeneDx (WGS) CFO’s RSUs convert into common stock?
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock at settlement for no cash consideration. The RSUs either vest according to their schedules, such as quarterly vesting, or are cancelled if vesting conditions such as continued service are not met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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