GeneDx CFO sells 372 shares to cover taxes
GeneDx’s CFO had RSUs vest and sold a portion of the resulting shares to cover tax withholding obligations.
Rhea-AI Filing Summary
GeneDx Holdings Corp. (WGS) reported that its Chief Financial Officer, Kevin Feeley, settled 717 Restricted Stock Units into 717 shares of Class A Common Stock on September 1, 2026, for no cash consideration. On the same date, 372 of those shares were sold at a weighted average price of $83.839 per share solely to satisfy tax withholding obligations in a non-discretionary “sell to cover” transaction. After these events, Feeley beneficially owned 40,299 shares of Class A Common Stock, RSUs for up to 81,326 additional shares, and options for up to 25,906 shares, all vesting according to their existing terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F5 | 717 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 717 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F4 | 372 | $83.839 | $31K |
Footnotes (5)
- 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 $83.71 to $83.84 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 range set forth in this footnote.
- F4. Following the reported sale undertaken to satisfy tax withholding liabilities, in addition to the 40,299 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 81,326 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.
- F5. 6.25% of the total award vested or vests quarterly, with the first tranche vested on December 1, 2022, 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
Key Terms
Restricted Stock Unit financial
sell to cover financial
weighted average price financial
tax withholding obligations financial
contingent right financial
FAQ
What did GeneDx (WGS) disclose about CFO Kevin Feeley’s RSUs on this Form 4?
Was the CFO’s GeneDx (WGS) stock sale part of a discretionary trading decision?
At what rate do the CFO’s GeneDx (WGS) RSUs vest?
Were the GeneDx (WGS) transactions reported under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.