WGS Form 4: CFO RSUs Settled, Sell-to-Cover of 378 Shares
Rhea-AI Filing Summary
GeneDx Holdings Corp. (WGS) Form 4 summary: The company's Chief Financial Officer received 717 restricted stock units (RSUs) that settled as Class A common stock and immediately caused a tax-withholding sale. A total of 378 shares were sold in a "sell-to-cover" transaction at a weighted-average price of $125.8096 per share to satisfy withholding obligations. After the transactions, the reporting person directly beneficially owned 4,096 shares of Class A common stock and retained RSUs and stock options representing potential future ownership of 134,292 RSU shares and 27,152 option shares, which vest per their terms. The disclosed RSU settlement indicates an ongoing compensation vesting schedule that vests 6.25% quarterly over four years from December 1, 2022.
Positive
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Negative
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Insights
TL;DR: Routine RSU settlement with a small sell-to-cover tax sale; no material change to economic stake.
The reported activity shows the CFO receiving 717 RSUs that settled into shares and executing a sell-to-cover of 378 shares at a weighted-average price of $125.8096 to satisfy tax obligations. Post-transaction beneficial ownership of 4,096 shares is modest relative to the large pool of unvested awards (134,292 RSU shares and 27,152 options). This disclosure is standard for equity compensation administration and does not signal a discretionary, market-driven disposition by the insider.
TL;DR: Disclosure aligns with Rule 16 reporting and equity compensation norms; sell-to-cover is a non-discretionary tax action.
The Form 4 documents an officer-level recipient of equity awards and shows the use of a sell-to-cover mechanism expressly to satisfy withholding obligations. The filing specifies vesting cadence (6.25% quarterly) for the awards, clarifying future dilution timing. All material elements required under Section 16 appear present: transaction codes, amounts, consideration, and residual beneficial ownership figures.