GeneDx Board Member Shows Confidence as Stock Awards Vest and Renew
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeneDx Holdings Corp. (WGS) director Emily M. Leproust reported multiple transactions involving Restricted Stock Units (RSUs) on June 18, 2025:
- Acquired 3,576 new RSUs that vest at the earlier of next annual shareholder meeting or first grant anniversary
- Converted 12,924 RSUs into Class A Common Stock at $0 exercise price
- Following these transactions, directly owns 21,276 shares of Class A Common Stock and 3,576 RSUs
These transactions appear to be part of the company's director compensation program, with RSUs converting to common stock upon vesting. The RSUs represent a contingent right to receive one share of Class A Common Stock upon settlement without consideration. All transactions were reported via Form 4 filing through an attorney-in-fact on June 23, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,924 shares exercised/converted
Mixed
3 txns
Insider
Leproust Emily M.
Role
Director
| 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 | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,576 shares (Direct);
Class A Common Stock — 21,276 shares (Direct)
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. 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 insider trading activity occurred at GeneDx Holdings (WGS) on June 18, 2025?
Director Emily M. Leproust acquired 12,924 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs) at $0 per share, bringing her total direct ownership to 21,276 shares. Additionally, she was granted 3,576 new RSUs on the same date.
What are the vesting terms for the new WGS RSUs granted to Emily Leproust?
The RSUs will vest at the earlier of: (a) the date of the next annual meeting of GeneDx's shareholders following the grant date, or (b) the first anniversary of the grant date, subject to Leproust continuing to provide services to the company through the vesting date.
When did Emily Leproust report this WGS stock transaction to the SEC?
The Form 4 was signed by Bridget Brown (Attorney-in-Fact) on June 23, 2025, and filed with the SEC on June 28, 2025, reporting the June 18, 2025 transactions.