Black Jeffrey G. 4
4 · EXAGEN INC. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Exagen (XGN) CFO Jeffrey G. Black Receives RSUs and Buys Stock
What Happened
Jeffrey G. Black, Chief Financial Officer of Exagen Inc. (XGN), reported three acquisitions on his Form 4: a 75,000-share restricted stock unit (RSU) award (reported value $237,000), a 50,000-share derivative award (reported value $158,000), and a 1,511-share purchase through the company Employee Stock Purchase Plan (ESPP) (reported value $4,649). Combined reported value of the transactions is approximately $399,649. These were awards/acquisitions rather than sales.
Key Details
- Transaction dates and reported prices:
- 2026-03-12: 75,000 shares awarded @ $3.16 each — $237,000 (RSUs).
- 2026-03-12: 50,000 shares awarded (derivative) @ $3.16 each — $158,000.
- 2026-02-27: 1,511 shares acquired via ESPP @ $3.08 each — $4,649.
- Shares owned after the transactions: Not specified in the information provided.
- Footnotes of note:
- F1: The RSU award vests 25% on each of the first four anniversaries of Feb 21, 2026; may vest in full on qualifying change-in-control termination.
- F2/F3: The ESPP purchase was voluntarily reported and was exempt under Rule 16b-3(c)/(d).
- F4: The filing also includes standard option vesting language (25% at first anniversary then monthly vesting) that applies to certain derivative awards.
- Timeliness: Form 4 filed 2026-03-16 for trades on 2026-03-12; filing appears timely (filed within required SEC business-day window).
Context
- RSUs and derivative awards are contingent rights that convert to shares as they vest; they are not immediate open-market purchases. The ESPP purchase is an actual share acquisition under the employee plan.
- These are acquisitions/awards (not sales). Purchases and awards can be of interest to retail investors as possible signals of insider confidence, but they do not alone prove future performance.
Insider Transaction Report
Form 4
EXAGEN INC.XGN
Black Jeffrey G.
Chief Financial Officer
Transactions
- Award
Common Stock
[F1]2026-03-12$3.16/sh+75,000$237,000→ 342,442 total - Award
Common Stock
[F2][F3]2026-02-27$3.08/sh+1,511$4,649→ 343,953 total - Award
Stock Option(right to buy)
[F4]2026-03-12$3.16/sh+50,000$158,000→ 60,000 totalExercise: $3.16Exp: 2036-03-11→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]The securities awarded are in the form of restricted stock units under the issuer's 2019 Incentive Award Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock unit will vest with respect to 25% of the restricted stock units on each of the first, second, third and fourth anniversaries of February 21, 2026, subject to the Reporting Person's continued service through the applicable vesting date. In addition, the award may become fully vested upon a qualifying termination of employment in connection with a change in control.
- [F2]The reporting person is voluntarily reporting the acquisition of the Issuer's common stock pursuant to the Employee Stock Purchase Plan ("ESPP").
- [F3]Represents shares of common stock purchased through ESPP in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- [F4]The option is exercisable as it vests. 25% of the shares subject to the option vest on February 21, 2027, and 1/48th of the total number of shares subject to the option vest at the end of each calendar month thereafter, subject to the Reporting Person's continued service to the Issuer through each such vesting date. In addition, the stock option may become fully vested upon a qualifying termination of employment in connection with a change in control.
Signature
/s/ Jeffrey G. Black|2026-03-16