Hsieh Ming 4
4 · Fulgent Genetics, Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Fulgent Genetics (FLGT) CEO Ming Hsieh Withholds 2,949 Shares for Taxes
What Happened
Ming Hsieh, Chief Executive Officer of Fulgent Genetics (FLGT), had 2,949 shares withheld on May 26, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The shares were valued at $17.67 each, for a total withholding value of approximately $52,109. This was a tax-withholding disposition (not an open-market sale).
Key Details
- Transaction date and price: May 26, 2026 — 2,949 shares withheld at $17.67 per share (total ~$52,109).
- Transaction type/code: Tax withholding upon RSU vesting (Form 4 code F).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes:
- The withholding satisfied tax obligations from RSUs granted Feb 26, 2024 (original grant reported Feb 28, 2024) (F1).
- Some securities are held by related trusts and UTMA accounts (Hsieh Trust, Dynasty Trust, UTMA) with role and beneficial-interest notes (F2–F5).
- Filing timeliness: Reported on May 27, 2026 for a May 26, 2026 transaction — appears timely based on the filing date.
Context
Tax-withholding dispositions are routine when restricted stock units vest and do not necessarily indicate a decision to sell holdings or a change in sentiment. This was a cashless-like withholding to cover taxes (shares surrendered to the company), not an open-market sale or a new purchase.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-05-26$17.67/sh−2,949$52,109→ 897,685 total
- 7,895,115(indirect: By Trust)
Common Stock
[F2] - 220,816(indirect: By Trust)
Common Stock
[F3] - 1,000(indirect: Uniform Transfer to Minor Account)
Common Stock
[F4] - 1,000(indirect: By Immediate Family)
Common Stock
[F5]
Footnotes (5)
- [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]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.
- [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]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.
- [F5]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.