WGS Form 4: CFO Settles 7,197 RSUs; Sells 3,728 Shares to Cover Taxes
Rhea-AI Filing Summary
GeneDx Holdings Corp. (WGS) Form 4 shows Chief Financial Officer Kevin Feeley reported transactions on 09/16/2025 related to the vesting and settlement of restricted stock units (RSUs). 7,197 RSUs were treated as vested and settled for no cash consideration, and the Reporting Person triggered a sell-to-cover transaction that sold 3,728 shares at a weighted average price of $121.4727 to satisfy tax withholding. After these transactions, Mr. Feeley directly beneficially owned 8,755 shares of Class A common stock.
In addition to direct holdings, the filing discloses contingent rights to receive 124,633 RSU shares and options to purchase 27,152 shares, which vest over time per their terms. The sale is described as non-discretionary and solely to cover withholding obligations.
Positive
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Insights
TL;DR: Routine sell-to-cover after RSU settlement; minimal immediate market impact.
The filing documents a standard post-vesting mechanics where 7,197 RSUs settled and a portion of resulting shares (3,728) were sold to cover taxes at a weighted average price of $121.4727. Such transactions typically reflect tax obligations rather than a change in conviction by management. The Reporting Person retains direct ownership of 8,755 shares and significant unvested equity (RSUs for 124,633 shares and options for 27,152 shares), indicating ongoing alignment with shareholder value through equity incentives.
TL;DR: Disclosure aligns with Section 16 rules; no governance concerns flagged.
The Form 4 properly discloses the deemed settlement date (09/16/2025), the nature of the RSUs, and that the sale was to cover withholding obligations and not a discretionary sale. The filer indicates willingness to provide price-by-price details for the block trade upon request, which supports transparency. Retained unvested awards suggest continued employment-linked incentives rather than immediate divestiture.