Hsieh Ming 4
4 · Fulgent Genetics, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Fulgent Genetics CEO Ming Hsieh Sells Shares to Cover Taxes
What Happened
Ming Hsieh, CEO of Fulgent Genetics (FLGT), had a total of 20,515 shares withheld to satisfy tax-withholding obligations on vested restricted stock units (RSUs). The withheld shares included 2,949 shares at $24.76 on 2026-02-26 (≈ $73,017) and 17,566 shares at $15.33 on 2026-03-01 (≈ $269,287), for a combined value of roughly $342,304. These transactions are coded "F" (shares withheld for tax withholding) — not open-market sales.
Key Details
- Transaction dates and amounts:
- 2026-02-26: 2,949 shares withheld @ $24.76 = $73,017 (code F)
- 2026-03-01: 17,566 shares withheld @ $15.33 = $269,287 (code F)
- Total shares withheld: 20,515; total value ≈ $342,304.
- Reason: Tax withholding on RSUs that vested (footnotes):
- F1: Withholding for RSUs granted Feb 26, 2024 (originally reported 2/28/2024).
- F2: Withholding for RSUs granted Feb 25, 2025 (originally reported 2/27/2025).
- Additional ownership notes from footnotes:
- F3–F6 describe securities held in family trusts and UTMA accounts; Hsieh disclaims beneficial interest in the Dynasty Trust (F3) but is trustee of The Ming Hsieh Trust (F4) and custodian for UTMA accounts (F5/F6).
- Shares owned after the withholding are not specified in the excerpt of the filing provided.
- Filing date: Form 4 was filed 2026-03-02; this appears to be timely relative to the transaction dates.
Context
These were routine tax-withholding dispositions tied to RSU vesting (a common corporate practice) rather than voluntary open-market sales; they typically do not indicate the insider's view on the company’s prospects. For retail investors, purchases or open-market sales by insiders often provide clearer signals than tax-withholding transactions.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-26$24.76/sh−2,949$73,017→ 918,200 total - Tax Payment
Common Stock
[F2]2026-03-01$15.33/sh−17,566$269,287→ 900,634 total
- 7,895,115(indirect: By Trust)
Common Stock
[F3] - 220,816(indirect: By Trust)
Common Stock
[F4] - 1,000(indirect: Uniform Transfer to Minor Account)
Common Stock
[F5] - 1,000(indirect: By Immediate Family)
Common Stock
[F6]
Footnotes (6)
- [F1]The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 26, 2024, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 28, 2024.
- [F2]The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025.
- [F3]Securities held by the Dynasty Trust. Mr. Hsieh is the grantor of the Dynasty Trust and he and his spouse, Eva Hsieh, and Jian Xie serve on the investment committee of the Dynasty Trust. Mr. Hsieh disclaims any beneficial interest except with respect to any pecuniary interest therein.
- [F4]Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust.
- [F5]Shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian and possesses the sole voting and dispositive power.
- [F6]Shares, which were previously held in a Uniform Transfers to Minor Act account, now held by an immediate family member residing in the same household as Ming Hsieh.