Exagen CFO in tax sale, ESPP stock purchase
Exagen’s CFO reported a tax-withholding share sale and a smaller ESPP share purchase on September 1, 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
EXAGEN INC. (XGN) reported that its Chief Financial Officer, Jeffrey G. Black, had mixed equity activity on September 1, 2026. He sold 20,614 shares of common stock at an average price of $7.2175 per share to cover tax withholding on vesting Restricted Stock Units, a transaction mandated by the company. On the same date, he acquired 1,571 shares of common stock at $3.0175 per share through the company’s Employee Stock Purchase Plan.
Insider Trade Summary
Net Seller: 20,614 shares
Net Sell
2 txns
Insider
Black Jeffrey G.
Role
Chief Financial Officer
Sold
20,614 shs ($149K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 20,614 | $7.2175 | $149K |
| Grant/Award | Common Stock F2, F3 | 1,571 | $3.0175 | $5K |
Holdings After Transaction:
Common Stock — 324,910 shares (Direct)
Footnotes (3)
- F1. The sale reported on this Form 4 represents shares sold by the Reporting Person, at the direction of the Issuer, to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated solely by the Issuer and does not represent a discretionary transaction by the Reporting Person.
- F2. The reporting person is voluntarily reporting the acquisition of the common stock pursuant to the Issuer's Employee Stock Purchase Plan ("ESPP").
- F3. Represents shares of common stock purchased through the ESPP in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
Key Figures
Shares sold: 20,614 shares
Sale price per share: $7.2175 per share
Shares acquired via ESPP: 1,571 shares
+2 more
5 metrics
Shares sold
20,614 shares
Common stock sale on September 1, 2026 to cover RSU tax withholding
Sale price per share
$7.2175 per share
Average price for 20,614 common shares sold on September 1, 2026
Shares acquired via ESPP
1,571 shares
Common stock purchased through the Employee Stock Purchase Plan on September 1, 2026
ESPP purchase price per share
$3.0175 per share
Price for 1,571 ESPP shares acquired on September 1, 2026
Net buy/sell shares
20,614 shares net sold
Transaction summary net buy/sell direction reported as net-sell
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)
4 terms
Restricted Stock Units financial
"to cover tax withholding obligations in connection with the vesting and settlement 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.
Employee Stock Purchase Plan financial
"acquisition of the common stock pursuant to the Issuer's Employee Stock Purchase Plan ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Exagen (XGN) disclose for its CFO on September 1, 2026?
Exagen disclosed that its CFO, Jeffrey G. Black, sold 20,614 shares of common stock and acquired 1,571 shares of common stock on September 1, 2026, in separate transactions related to tax withholding and the Employee Stock Purchase Plan.
Were the Exagen (XGN) CFO’s September 1, 2026 transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describe the sale as mandated by the issuer for tax withholding and the purchase as through the ESPP, without identifying a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
