Corvex funds buy 351K GeneDx shares in open market
GeneDx Holdings Corp. reported substantial insider-related buying of its Class A Common Stock by investment funds advised by Corvex Management LP.
Rhea-AI Filing Summary
GeneDx Holdings Corp. reported substantial insider-related buying of its Class A Common Stock by investment funds advised by Corvex Management LP. These funds purchased a total of 351,273 shares in open-market transactions between May 13 and May 15 at weighted average prices within ranges from about $37.78 to $40.60 per share.
After these transactions, the Corvex-advised funds directly hold 4,784,570 shares. In addition, CMLS Holdings LLC holds 333,144 shares, over which Keith A. Meister shares voting and investment discretion, and Meister separately holds 20,129 shares issued upon vesting of restricted stock units for his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 351,273 shares
Net Buy
8 txns
Insider
Meister Keith A., Corvex Management LP
Role
Director, 10% Owner | Director, 10% Owner
Bought
351,273 shs ($13.77M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 27,408 | $38.28 | $1.05M |
| Purchase | Class A Common Stock | 18,865 | $39.83 | $751K |
| Purchase | Class A Common Stock | 88,107 | $39.08 | $3.44M |
| Purchase | Class A Common Stock | 51,893 | $39.92 | $2.07M |
| Purchase | Class A Common Stock | 94,074 | $38.82 | $3.65M |
| Purchase | Class A Common Stock | 70,926 | $39.45 | $2.80M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 4,784,570 shares (Indirect, See footnotes);
Class A Common Stock — 333,144 shares (Indirect, See footnote);
Class A Common Stock — 20,129 shares (Direct)
Footnotes (10)
- F1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $38.21 to $39.20. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnotes (1), (4), (5), (6), (7) and (8) to this Form 4.
- F2. Investment funds advised by Corvex Management LP ("Corvex") are the direct holders of 4,784,570 shares of the Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") of GeneDX Holdings Corp. (the "Issuer") reported herein. Mr. Meister may be deemed to indirectly beneficially own these shares by virtue of Mr. Meister's control of the general partner of Corvex.
- F3. For the purposes of this filing, each of Corvex and Mr. Meister disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Corvex or Mr. Meister is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
- F4. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $39.21 to $39.80.
- F5. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $38.79 to $39.77.
- F6. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $39.79 to $40.00.
- F7. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $37.78 to $38.77.
- F8. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $39.78 to $40.60.
- F9. CMLS Holdings LLC ("CMLS Holdings") is the record holder of 333,144 shares of the Class A Common Stock reported herein. Mr. Meister is one of two members of the Board of Managers of CMLS Holdings, and Mr. Meister shares voting and investment discretion with respect to the securities held of record by CMLS Holdings reported herein.
- F10. The shares of Class A Common Stock reflected as beneficially owned by Mr. Meister include 20,129 shares of Class A Common Stock that were issued upon the vesting of restricted stock units, that were granted to Mr. Meister in connection with his service on the board of directors of the Issuer.
Key Figures
Net insider-related purchases: 351,273 shares
Indirect fund holdings: 4,784,570 shares
CMLS Holdings position: 333,144 shares
+3 more
6 metrics
Net insider-related purchases
351,273 shares
Total Class A shares bought in open market May 13–15
Indirect fund holdings
4,784,570 shares
Class A shares directly held by Corvex-advised funds after trades
CMLS Holdings position
333,144 shares
Class A shares held of record by CMLS Holdings LLC
Director RSU shares
20,129 shares
Class A shares issued to Keith A. Meister from vested RSUs
May 15 purchase block
18,865 shares at $39.83
Open-market buy of Class A Common Stock on May 15
Largest single-day buy
94,074 shares at $38.82
Open-market purchase of Class A Common Stock on May 13
Key Terms
weighted average price, indirectly beneficially own, pecuniary interest, restricted stock units, +1 more
5 terms
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.
indirectly beneficially own financial
"Mr. Meister may be deemed to indirectly beneficially own these shares"
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest"
restricted stock units financial
"shares of Class A Common Stock that were issued upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What role does CMLS Holdings LLC play in GeneDx (WGS) ownership?
CMLS Holdings LLC is the record holder of 333,144 GeneDx Class A shares. Keith A. Meister is one of two members of its Board of Managers and shares voting and investment discretion over these securities according to the ownership footnote.
How were the GeneDx (WGS) insider trade prices reported?
For each group of trades, the reported transaction price is a weighted average. The filing notes the shares were bought in multiple transactions within specified price ranges, and the reporting persons will provide detailed breakdowns upon request to investors or regulators.
AI-generated analysis. How Rhea-AI works. Not financial advice.
