Stueland Katherine 4
Research Summary
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GeneDx (WGS) CEO Katherine Stueland Sells Shares to Cover Taxes
What Happened Katherine Stueland, CEO of GeneDx Holdings Corp. (WGS), had 6,546 restricted stock units (RSUs) settle on March 9, 2026 (acquired at $0). To satisfy tax withholding on that vesting, 3,678 shares were sold in open-market transactions at a weighted average price of $86.75 for total proceeds of $319,059. The filing also reports the settlement/disposition of the 6,546 RSU-derived shares (reported as derivative activity).
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (reporting period 3/9/2026).
- Sale: 3,678 shares sold (weighted avg price $86.75); price range $86.5585–$86.75 per footnote. Proceeds ≈ $319,059.
- RSU settlement: 6,546 RSUs settled/treated as acquired at $0 (then disposition reported).
- Reason: Sale was a "sell-to-cover" to satisfy tax withholding obligations (not a discretionary sale by the reporting person).
- Post-transaction holdings: 44,955 shares of Class A common stock beneficially owned, plus RSUs representing up to 445,366 shares and options for 107,610 shares (subject to vesting).
- Vesting note: These RSUs vest 6.25% quarterly (first tranche vested March 9, 2023); RSUs do not have an expiration date per footnote.
Context This was a routine sell-to-cover following RSU settlement rather than an independent open-market sale motivated by trading decisions. The key items for investors are the small net sale (~3,678 shares) and the substantial remaining contingent exposure from unvested RSUs and options.