GeneDx CFO sells 1,285 shares to cover taxes
CFO Kevin Feeley had RSUs vest into shares of WGS and sold part of them to cover tax withholding obligations.
Rhea-AI Filing Summary
GeneDx Holdings Corp. (WGS) reported that Chief Financial Officer Kevin Feeley settled 2,462 Restricted Stock Units into an equal number of shares of Class A Common Stock on September 9, 2026. On the same day, he sold 1,285 shares in a sell-to-cover transaction at a weighted average price of $84.2179 per share to satisfy tax withholding obligations, which the company states was not a discretionary trade. Following this sale, he beneficially owned 41,476 shares of Class A Common Stock and held RSUs for up to 78,864 shares and options for up to 25,906 shares, all vesting according to their terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Feeley Kevin
Role
CHIEF FINANCIAL OFFICER
Sold
1,285 shs ($108K)
Approx. gross sale proceeds
$108K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F5 | 2,462 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 2,462 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F4 | 1,285 | $84.2179 | $108K |
Holdings After Transaction:
Restricted Stock Unit — 2,463 contracts (Direct);
Class A Common Stock — 41,476 shares (Direct)
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 $84.08 to $84.22 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 41,476 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 of 78,864 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.
- F5. 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.
Key Figures
RSUs settled into shares: 2,462 shares
Shares sold: 1,285 shares
Weighted average sale price: $84.2179 per share
+4 more
7 metrics
RSUs settled into shares
2,462 shares
RSUs converted into Class A Common Stock on September 9, 2026
Shares sold
1,285 shares
Sell-to-cover transaction for tax withholding on September 9, 2026
Weighted average sale price
$84.2179 per share
Sales ranged from $84.08 to $84.22 per share
Common shares beneficially owned
41,476 shares
Post-transaction Class A Common Stock holdings
RSUs outstanding
78,864 shares
Contingent rights to receive Class A Common Stock after the sale
Options outstanding
25,906 shares
Options to purchase Class A Common Stock after the sale
RSU vesting rate
6.25% quarterly
First tranche vested on March 9, 2023, subject to continued service
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, beneficially owned, +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"
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.
beneficially owned financial
"in addition to the 41,476 shares of Class A Common Stock beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations in connection"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WGS CFO Kevin Feeley report on September 9, 2026?
He settled 2,462 RSUs into Class A Common Stock and sold 1,285 shares in a sell-to-cover transaction to satisfy tax withholding obligations related to the RSU vesting.
Was the WGS CFO’s September 9, 2026 stock sale a discretionary trade?
No. The company states the sale was to cover tax withholding obligations from RSU vesting and settlement and does not represent a discretionary transaction by the reporting person.
What RSU vesting schedule applies to the WGS CFO’s award?
For the RSUs reported, 6.25% of the total award vested or vests quarterly, subject to continued service, with the first tranche vested on March 9, 2023. These RSUs either vest or are cancelled and do not have an expiration date.
Did the WGS Form 4 indicate use of a Rule 10b5-1 trading plan?
No Rule 10b5-1 trading plan is reported. The filing’s plan checkbox is unchecked, and the sale is described specifically as a sell-to-cover for tax withholding obligations tied to RSU vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
