Corvex funds add 169,521 GeneDx (WGS) shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeneDx Holdings Corp. reported that investment funds advised by Corvex Management LP, with Keith A. Meister as a control person, made open-market purchases of a total of 169,521 shares of Class A common stock on March 3 and March 5 at prices generally ranging from about $70 to $82 per share.
After these trades, investment funds advised by Corvex directly held 3,228,150 GeneDx Class A shares. CMLS Holdings LLC held 333,144 shares, over which Mr. Meister shares voting and investment discretion, and Mr. Meister’s beneficial holdings also include 20,129 shares issued upon vesting of restricted stock units for his board service. Corvex and Mr. Meister each disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 169,521 shares ($13,460,090)
Net Buy
12 txns
Insider
Meister Keith A., Corvex Management LP
Role
Director, 10% Owner | Director, 10% Owner
Bought
169,521 shs ($13.46M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 304 | $77.96 | $24K |
| Purchase | Class A Common Stock | 1,971 | $78.91 | $156K |
| Purchase | Class A Common Stock | 47,623 | $80.55 | $3.84M |
| Purchase | Class A Common Stock | 60,892 | $81.37 | $4.95M |
| Purchase | Class A Common Stock | 29,236 | $82.06 | $2.40M |
| Purchase | Class A Common Stock | 19,686 | $70.34 | $1.38M |
| Purchase | Class A Common Stock | 8,439 | $71.48 | $603K |
| Purchase | Class A Common Stock | 200 | $72.00 | $14K |
| Purchase | Class A Common Stock | 921 | $75.66 | $70K |
| Purchase | Class A Common Stock | 249 | $75.99 | $19K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,088,428 shares (Indirect, See footnotes);
Class A Common Stock — 20,129 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $69.99 to $70.78. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnotes (1), (4), (5), (6), (7), (8), (9), (10), and (11) to this Form 4. Investment funds advised by Corvex Management LP ("Corvex") are the direct holders of 3,228,150 shares of the Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of GeneDX Holdings Corp. (the "Issuer") reported herein. Mr. Meister may be deemed to indirectly beneficially own these shares by virtue of Mr. Meister's control of the general partner of Corvex. For the purposes of this filing, each of Corvex or Mr. Meister disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Corvex or Mr. Meister is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $71.00 to $71.97. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $74.97 to $75.96. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $75.97 to $76.00. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $77.50 to $78.37. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $78.75 to $79.00. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $79.95 to $80.94. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $80.95 to $81.94. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $81.95 to $82.37. CMLS Holdings LLC ("CMLS Holdings") is the record holder of 333,144 shares of the Class A Common Stock reported herein. Mr. Meister is one of two members of the Board of Managers of CMLS Holdings, and Mr. Meister shares voting and investment discretion with respect to the securities held of record by CMLS Holdings reported herein. The shares of Class A Common Stock reflected as beneficially owned by Mr. Meister include 20,129 shares of Class A Common Stock that were issued upon the vesting of restricted stock units, that were granted to Mr. Meister in connection with his service on the board of directors of the Issuer.
FAQ
What insider activity did GeneDx (WGS) report in this Form 4?
GeneDx reported that investment funds advised by Corvex Management LP made open-market purchases totaling 169,521 shares of Class A common stock. These trades occurred on March 3 and March 5 across multiple transactions at various prices.
What additional GeneDx (WGS) holdings are attributed to Keith A. Meister?
The filing notes 333,144 shares held by CMLS Holdings LLC, where Mr. Meister shares voting and investment discretion, and 20,129 shares issued upon vesting of restricted stock units granted for his board service at GeneDx.