Fulgent (FLGT) CEO Ming Hsieh Withholds 2,949 Shares for Taxes

What Happened
Ming Hsieh, CEO of Fulgent Genetics (FLGT), had 2,949 restricted stock unit (RSU) shares withheld to satisfy tax withholding obligations upon vesting. The shares were valued at $19.81 each, for a total withholding of $58,420. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: August 26, 2026; Form 4 filed August 28, 2026 (appears timely).
• Disposition: 2,949 shares withheld at $19.81 per share; total value ≈ $58,420.
• Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting (original grant reported Feb 28, 2024).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes of note:
  • F1: Withholding arose from RSUs granted Feb 26, 2024 (originally reported on Feb 28, 2024).
  • F2–F5: Some FLGT shares are held in The Ming Hsieh Trust, a Dynasty Trust, and UTMA accounts; roles include trustee/custodian and disclaimers of beneficial interest as noted.

Context
Withholding shares to cover taxes on vested RSUs is routine and does not indicate a decision to sell shares on the open market. For retail investors, these transactions are administrative (tax-related) rather than a direct signal of insider buying or discretionary selling.