Zindrick Thomas 4

What Happened

• Thomas Zindrick, President and CEO of GENELUX Corp (GNLX), reported a sale of 2,798 shares on 2026-05-11. The transaction proceeds were approximately $8,226 (weighted average sale price $2.9398; prices ranged $2.89–$3.01).
• The filing indicates the shares were sold to cover estimated taxes related to the vesting of restricted stock units (RSUs), a routine tax-withholding sale rather than a directional bet on the stock.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-12 (filed within the required two business days).
• Transaction type: Sale (reported as open market or private sale).
• Shares sold: 2,798; proceeds ≈ $8,226; weighted average price $2.9398; price range $2.89–$3.01 ( issuer can provide per-price breakdown on request per footnote).
• Reason noted: Sale to cover estimated taxes on RSU vesting (footnote F1—tax withholding).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• No indication of a 10b5-1 plan or other trading arrangement in the provided data.

Context

• Sales to cover tax withholding on vested equity are common and typically routine; they do not necessarily signal the insider’s view on the company’s prospects.
• This was a straightforward stock sale (S); no option exercises, gifts, or purchases were reported in this filing.