Hsieh Ming 4

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.