Fulgent Genetics (FLGT) CSO Gao Hanlin: Shares Withheld for Taxes

What Happened
Gao Hanlin, Chief Scientific Officer of Fulgent Genetics (FLGT), had 1,645 shares withheld to satisfy tax withholding obligations related to vested restricted stock units. The shares were recorded as a disposition at $19.67 per share, with a total value of $32,357. This was a withholding to cover taxes (transaction code F), not an open-market sale.

Key Details

• Transaction date: July 26, 2026; Form 4 filed July 28, 2026 (timely filing).
• Price and amount: 1,645 shares at $19.67 per share; total value $32,357.
• Transaction code: F (shares withheld to cover tax withholding).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Shares were withheld to satisfy tax obligations on RSUs assumed under the merger agreement dated Nov 7, 2022; these awards were originally reported on Form 4 filed Nov 9, 2022.
• No 10b5‑1 plan or late filing indicated.

Context
Withholding shares to cover taxes on vested RSUs is a common, routine administrative disposition and should not be read as an intentional market sale or a directional bet by the insider. Purchases or open‑market sales by insiders tend to carry clearer signals about sentiment; tax withholding events are generally neutral.