Corvex Management's Keith Meister Deepens Stake in GeneDx Holdings Through RSU Grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Keith A. Meister, Director and 10% Owner of GeneDx Holdings, reported multiple transactions in company securities on June 18, 2025:
- Acquired 12,924 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs) at $0 cost
- Received a new grant of 3,576 RSUs that will vest at the earlier of next annual shareholder meeting or first grant anniversary
- Following transactions, directly owns 20,129 shares and indirectly controls 3,674,913 shares
Indirect ownership includes 333,144 shares through CMLS Holdings LLC, where Meister serves on Board of Managers, and 3,341,769 shares through Corvex Management LP, where he controls the general partner. The transactions demonstrate continued insider investment aligned with long-term shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,924 shares exercised/converted
Mixed
4 txns
Insider
Meister Keith A.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,576 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 12,924 | $0.00 | -- |
| Exercise | Class A Common Stock | 12,924 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,576 shares (Direct);
Class A Common Stock — 20,129 shares (Direct);
Class A Common Stock — 3,674,913 shares (Indirect, See Footnotes)
Footnotes (1)
- 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. 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 by CMLS Holdings Stock reported herein. Corvex is not an investment adviser to CMLS Holdings. 3,341,769 shares of Class A Common Stock of the Issuer are held for the accounts of the Corvex Funds for which Corvex Management LP ("Corvex") acts as investment adviser. The general partner of Corvex is controlled by Mr. Meister. The RSUs shall vest the earlier of (a) the date of the next annual meeting of the Issuer's shareholders following the grant date, and (b) the first anniversary of the grant date, subject to the Reporting Person continuing to provide services to the Issuer through each vesting date.
FAQ
What is Keith Meister's total beneficial ownership position in WGS stock?
Following the reported transactions, Keith Meister beneficially owns 20,129 shares directly and 3,674,913 shares indirectly. The indirect ownership consists of 333,144 shares through CMLS Holdings LLC and 3,341,769 shares through Corvex Management LP's funds.
What positions does Keith Meister hold at WGS?
According to the Form 4 filing, Keith Meister serves as both a Director and a 10% Owner of GeneDx Holdings Corp (WGS).
What are the vesting terms for WGS's RSUs granted to Keith Meister?
The RSUs vest at the earlier of (a) the date of the next annual meeting of WGS's shareholders following the grant date, or (b) the first anniversary of the grant date, subject to the Reporting Person continuing to provide services to the company through each vesting date.
What is the exercise price of WGS RSUs granted to Keith Meister?
The RSUs have no exercise price. Each RSU represents a contingent right to receive 1 share of WGS Class A Common Stock upon settlement for no consideration.