Cappello Joseph 4

What Happened
Joseph Cappello, Chief Technical Officer of GENELUX Corp (GNLX), sold 605 shares on May 11, 2026, for total proceeds of approximately $1,799. The sale was reported as a disposition (code S) and was done to cover estimated taxes associated with the vesting of restricted stock units.

Key Details

• Transaction date: 2026-05-11; Form 4 filed 2026-05-12 (timely filing).
• Shares sold: 605; reported total proceeds ≈ $1,799.
• Price details: weighted average sale price $2.9742; price range $2.96–$3.01 (issuer can provide full breakdown on request).
• Reason/footnote: F1 — sale to cover estimated taxes due on RSU vesting. F2 — price breakdown and weighted average explained.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: Sale (routine tax-withholding disposition), not a 10% owner or option exercise.

Context
Sales to cover tax withholding after RSU vesting are common and typically routine administrative transactions; they do not necessarily signal the insider’s view of the company’s prospects. Purchases tend to be more informative about insider confidence.