GeneDx (WGS) director Joshua Ruch exercises RSUs and receives new equity award
Rhea-AI Filing Summary
GeneDx Holdings director Joshua Ruch reported equity-based compensation activity and updated holdings in Class A Common Stock. He exercised previously awarded restricted stock units (RSUs) covering 3,576 shares at no cost, increasing his directly held common stock to 33,299 shares.
He also received a new grant of 4,248 RSUs, each representing a right to receive one share of Class A Common Stock for no consideration. This award vests on the earlier of the 2027 annual stockholders’ meeting or the first anniversary of the grant date, subject to continued service. Entities associated with him hold additional indirect positions in GeneDx shares, for which he may be deemed to share voting and investment discretion, while disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 4,248 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,576 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,576 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
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 Reporting Person is a managing member of: (i) Kariba LLC ("Kariba"); (ii) RUGU2 LLC ("RUGU2"); and (iii) the managing member of the general partner of Vaal Investment Partners Q9 LP ("Q9"). As such, the Reporting Person may be deemed to exercise voting and investment discretion with respect to securities directly held by Kariba, RUGU2, and Q9. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein. The entire award shall vest on the earlier of the (i) date of the 2027 annual meeting of the Issuer's stockholders, or (ii) first anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer through the vesting date. These RSUs do not have an expiration date; they either vest or are cancelled prior to the vesting date. The entire award vested or vests on the earlier of the: (i) date of the 2026 annual meeting of the Issuer's stockholders, or (ii) first anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer through the vesting date. These RSUs do not have an expiration date; they either vest or are cancelled prior to the vesting date.