Hsieh Ming 4
4 · Fulgent Genetics, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Fulgent Genetics CEO Ming Hsieh Withholds 4,392 Shares for Taxes
What Happened
Ming Hsieh, CEO of Fulgent Genetics (FLGT), had 4,392 shares withheld on June 1, 2026 to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs). The withholding was recorded at $18.09 per share for a total tax-withholding amount of $79,451. This transaction is a routine tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: June 1, 2026
- Price used for withholding: $18.09 per share
- Shares withheld/disposed: 4,392; value: $79,451
- Transaction code: F (shares withheld to satisfy tax obligations)
- Shares owned after transaction: not specified in the provided filing
- Filing date: Form 4 filed June 3, 2026 — appears timely (filed two days after the transaction)
- Relevant footnotes:
- F1: Shares were withheld to satisfy tax withholding from RSUs granted Feb 25, 2025 (originally reported Feb 27, 2025).
- F2–F5: Describe other holdings/relationships (Hsieh Trust trustee powers, Dynasty Trust roles/disclaimer, UTMA accounts and transfers to family members) referenced elsewhere in the filing.
Context
This was a tax-withholding (cashless withholding) event tied to RSU vesting, not an active sale or purchase in the market. Such withholdings are routine and generally do not signal the insider’s view of the company’s stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-06-01$18.09/sh−4,392$79,451→ 893,293 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 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025.
- [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.