Hsieh Ming 4

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.