Zindrick Thomas 4

What Happened
Thomas Zindrick, President and CEO of Genelux Corp (GNLX), reported a sale of 3,582 shares on 2026-03-24 at $2.42 per share, totaling $8,668. The filing indicates these shares were sold to cover estimated taxes tied to the vesting of restricted stock units (RSUs), making this a routine tax-withholding sale rather than a discretionary liquidating trade.

Key Details

• Transaction date and price: 2026-03-24, 3,582 shares at $2.42 each.
• Total proceeds: $8,668.
• Reason/footnote: Shares sold to cover estimated taxes on RSU vesting (tax withholding).
• Filing date: 2026-03-26 (filed within the typical Form 4 timeframe; not reported as late).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
Tax-withholding sales are common when restricted shares or RSUs vest and the company or executive sells a portion to satisfy tax obligations; they generally do not indicate a change in the insider’s view of the company. This was a sale (routine/tax-related), not a purchase or an exercise of options.