Fulgent Genetics (FLGT) CEO Ming Hsieh Withholds 4,392 Shares for Taxes

What Happened
Ming Hsieh, CEO of Fulgent Genetics, had 4,392 shares withheld on September 1, 2026 to satisfy tax withholding obligations arising upon the vesting of restricted stock units. The withholding was executed at a price of $19.59 per share for a total value of $86,039. This was a tax-withholding (code F) transaction rather than an open-market sale or a purchase.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (timely under SEC two-business-day rule).
• Shares withheld: 4,392 at $19.59 per share; total value $86,039.
• Transaction type/code: F — shares withheld to satisfy tax withholding on vested RSUs.
• Shares owned after transaction: not specified in the provided details of this summary.
• Relevant footnotes from the filing:
  • F1: Withholding satisfied tax obligations from RSUs granted Feb 25, 2025 (original grant reported Feb 27, 2025).
  • F2–F5: Some securities are held in related trusts and UTMA accounts; Mr. Hsieh serves in trustee/grantor roles and disclaims beneficial interest in certain trust holdings except for any pecuniary interest.

Context
This was a routine tax-withholding event tied to RSU vesting (a common administrative transaction). Because shares were withheld to cover taxes rather than sold on the open market, it generally does not reflect a deliberate liquidity-driven sale by the insider.