GeneDx (WGS) CFO sells small stake to cover RSU 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 April 29, 2026, 754 restricted stock units converted into Class A Common Stock, and 392 shares were sold in an open-market transaction to cover tax withholding obligations under a non-discretionary "sell to cover" arrangement. Following these transactions, he beneficially owned 34,942 shares of Class A Common Stock, plus RSUs representing contingent rights to receive up to 92,419 additional shares and options to purchase up to 25,906 shares, all vesting according to their respective schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 392 shares ($25,555)
Net Sell
3 txns
Insider
Feeley Kevin
Role
CHIEF FINANCIAL OFFICER
Sold
392 shs ($26K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 754 | $0.00 | -- |
| Exercise | Class A Common Stock | 754 | $0.00 | -- |
| Sale | Class A Common Stock | 392 | $65.1926 | $26K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Class A Common Stock — 35,334 shares (Direct, null)
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 $64.4739 to $65.20 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 34,942 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 92,419 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. 25% of the total award vested on each of April 29, 2023 and April 29, 2024, and an additional 6.25% of the total award vested or vests thereafter on each quarterly anniversary, subject to the Reporting Person's continued service to the Issuer on each vesting date, with the last tranche vesting on April 29, 2026. These RSUs do not have an expiration date; they either vest or are cancelled prior to the vesting date.
Key Figures
Shares sold: 392 shares
Weighted average sale price: $65.1926 per share
RSUs converted: 754 shares
+4 more
7 metrics
Shares sold
392 shares
Class A Common Stock sold on April 29, 2026
Weighted average sale price
$65.1926 per share
Open-market sale to cover tax withholding
RSUs converted
754 shares
Restricted stock units settled into Class A Common Stock
Shares owned after transaction
34,942 shares
Class A Common Stock beneficially owned post-sale
Additional RSU rights
92,419 shares
Contingent rights via RSUs to receive Class A Common Stock
Stock options outstanding
25,906 shares
Options to purchase Class A Common Stock, subject to vesting
RSU vesting pattern
25% + 25% + 6.25% quarterly
Award vesting through April 29, 2026
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, vesting, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"to be funded by a "sell to cover" transaction and does not represent a discretionary transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
vesting financial
"25% of the total award vested on each of April 29, 2023 and April 29, 2024..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did GeneDx (WGS) disclose for CFO Kevin Feeley?
GeneDx reported that CFO Kevin Feeley had 754 restricted stock units convert into Class A Common Stock and sold 392 shares. The sale was executed solely to cover tax withholding obligations tied to the RSU vesting under a non-discretionary sell-to-cover arrangement.
Was the GeneDx (WGS) CFO sale a discretionary trade or for taxes?
The filing states the sale did not represent a discretionary transaction. Shares were sold under a sell-to-cover arrangement specifically to fund tax withholding obligations arising from the vesting and settlement of restricted stock units on April 29, 2026.
What RSU vesting schedule is described in the GeneDx (WGS) filing?
The RSU award vested 25% on April 29, 2023 and 25% on April 29, 2024. An additional 6.25% vests on each quarterly anniversary thereafter, with the final tranche vesting on April 29, 2026, assuming Kevin Feeley’s continued service to GeneDx.
What are restricted stock units (RSUs) in the GeneDx (WGS) context?
The filing explains each restricted stock unit represents a contingent right to receive one share of GeneDx Class A Common Stock upon settlement for no cash consideration. RSUs either vest according to their schedule or are cancelled if vesting conditions are not satisfied.