GeneDx Holdings (WGS) CFO exercises RSUs and sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeneDx Holdings Corp. chief financial officer Kevin Feeley reported routine equity compensation activity. On March 9, 2026, he exercised restricted stock units for 2,462 shares of Class A common stock at no cost, converting RSUs into shares. He then sold 1,280 shares at a weighted average price of $86.754 per share in a "sell to cover" transaction to satisfy tax withholding obligations, which the footnotes state was not a discretionary trade. Following these moves, he directly owned 21,842 shares of Class A common stock and also held RSUs covering up to 120,435 additional shares and options for up to 25,906 shares, all vesting under their existing schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,280 shares ($111,045)
Net Sell
3 txns
Insider
Feeley Kevin
Role
CHIEF FINANCIAL OFFICER
Sold
1,280 shs ($111K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,462 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,462 | $0.00 | -- |
| Sale | Class A Common Stock | 1,280 | $86.754 | $111K |
Holdings After Transaction:
Restricted Stock Unit — 7,387 shares (Direct);
Class A Common Stock — 23,122 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 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.75 to $87.1136 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. Following the reported sale undertaken to satisfy tax withholding liabilities, in addition to the 21,842 shares of Class A Common Stock beneficially owned by the Reporting Person, the Reporting Person beneficially owned RSUs representing contingent rights to receive up to an aggregate of 120,435 shares of Class A Common Stock and options to purchase up to an aggregate of 25,906 shares of Class A Common Stock, which RSUs and options vest according to their respective terms. 6.25% of the total award vested or vests quarterly, subject to the Reporting Person's continued service to the Issuer on each vesting date, and with the first tranche vested on March 9, 2023. These RSUs do not have an expiration date; they either vest or are cancelled prior to the vesting date.
FAQ
What insider activity did GeneDx Holdings (WGS) report for Kevin Feeley?
GeneDx Holdings reported that CFO Kevin Feeley exercised restricted stock units into 2,462 Class A shares and sold 1,280 shares. The sale was a structured “sell to cover” transaction solely to pay tax withholding tied to RSU vesting, not a discretionary market trade.
What type of derivative securities were involved in the GeneDx (WGS) Form 4?
The Form 4 shows restricted stock units (RSUs), each representing a right to receive one share of Class A common stock at settlement for no cash consideration. A portion vested on March 9, 2026, triggering share delivery and the related tax sell-to-cover transaction.
How do the GeneDx (WGS) CFO’s RSUs vest over time?
According to the filing, 6.25% of the total restricted stock unit award vests quarterly, subject to Kevin Feeley’s continued service. The first tranche vested on March 9, 2023. These RSUs have no expiration date; they either vest on schedule or are cancelled beforehand.