Fulgent Genetics (FLGT) CSO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fulgent Genetics Chief Scientific Officer Hanlin Gao reported tax-withholding share dispositions related to restricted stock unit vesting. On February 26, 2026 and March 1, 2026, several small blocks of common stock were withheld at prices of $24.76 and $15.33 per share to cover tax obligations, leaving Gao with direct ownership of just under 1.0 million shares after these administrative transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gao Hanlin
Role
Chief Scientific Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,018 | $15.33 | $16K |
| Tax Withholding | Common Stock | 6,410 | $15.33 | $98K |
| Tax Withholding | Common Stock | 897 | $24.76 | $22K |
Holdings After Transaction:
Common Stock — 1,001,062 shares (Direct)
Footnotes (1)
- The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 26, 2024, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 28, 2024. The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 28, 2022, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on March 2, 2022. The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of certain restricted stock units granted to the reporting person on February 25, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on February 27, 2025.
FAQ
What insider transactions did Fulgent Genetics (FLGT) report for Hanlin Gao?
Fulgent Genetics reported that Chief Scientific Officer Hanlin Gao had common shares withheld to cover taxes from restricted stock unit vesting. The Form 4 lists multiple small tax-withholding dispositions, all coded “F,” rather than open-market purchases or sales, and reflects continued significant direct ownership.
Were the Fulgent Genetics (FLGT) insider transactions open-market sales?
No, the reported transactions were not open-market sales. The shares were withheld to satisfy tax withholding obligations triggered by vesting of previously granted restricted stock units, as indicated by transaction code “F” and detailed footnotes describing the RSU grant and vesting dates.
How many types of transactions did Fulgent Genetics (FLGT) disclose for Hanlin Gao?
The filing discloses only one type of transaction for Hanlin Gao: tax-withholding dispositions of common stock tied to restricted stock unit vesting. All entries use transaction code “F,” indicating payment of tax liability by delivering shares rather than discretionary market trading activity.
Does Hanlin Gao still hold a significant stake in Fulgent Genetics (FLGT) after these transactions?
Yes. After the tax-withholding dispositions, the Form 4 shows Hanlin Gao continuing to hold roughly one million shares of Fulgent Genetics common stock directly. The reported transactions represent small portions of his holdings, used solely to satisfy tax obligations from RSU vesting.
What do the footnotes in the Fulgent Genetics (FLGT) Form 4 explain about these insider transactions?
The footnotes explain that shares were withheld to cover tax obligations arising from vesting of restricted stock units granted in 2022, 2024, and 2025. Each note links the withholding to a specific prior RSU grant that had already been reported on earlier Form 4 filings.