GeneDx (WGS) CEO exercises 80K RSUs, sells 47K shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeneDx Holdings Corp. CEO Katherine Stueland exercised 80,000 restricted stock units into Class A common stock and had 46,933 shares sold to cover tax withholding obligations. The sales were executed as non-discretionary “sell to cover” transactions at weighted average prices between approximately $60.93 and $65.61 per share.
After these transactions, she beneficially owned 91,514 shares of Class A common stock and also held restricted stock units representing contingent rights to receive up to 334,695 additional shares, plus options to purchase up to 107,610 shares that vest according to their terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 46,933 shares ($2,964,841)
Net Sell
7 txns
Insider
Stueland Katherine
Role
CHIEF EXECUTIVE OFFICER
Sold
46,933 shs ($2.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 80,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 80,000 | $0.00 | -- |
| Sale | Class A Common Stock | 13,229 | $61.2909 | $811K |
| Sale | Class A Common Stock | 5,117 | $62.3319 | $319K |
| Sale | Class A Common Stock | 13,412 | $63.2791 | $849K |
| Sale | Class A Common Stock | 5,292 | $64.5993 | $342K |
| Sale | Class A Common Stock | 9,883 | $65.2143 | $645K |
Holdings After Transaction:
Restricted Stock Unit — 160,000 shares (Direct);
Class A Common Stock — 138,447 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.93 to $61.91 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 4 through 7 of this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.93 to $62.91 per share, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.96 to $63.955 per share, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.99 to $64.96 per share, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.61 per share, inclusive. Following the reported sale undertaken to satisfy tax withholding liabilities, in addition to the 91,514 shares of Class A Common Stock beneficially owned by the Reporting Person, the Reporting Person held RSUs representing contingent rights to receive up to an aggregate 334,695 shares of the Issuer's Class A Common Stock and options to purchase up to an aggregate 107,610 shares of Class A Common Stock, which RSUs and options vest according to their respective terms. 25% of the total award vested or vests annually, with the first tranche vested on March 26, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. These RSUs do not have an expiration date; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 80,000 units
Shares sold for taxes: 46,933 shares
Sale price range: $60.93–$65.61 per share
+3 more
6 metrics
RSUs exercised
80,000 units
Restricted stock units converted into Class A common stock on March 26, 2026
Shares sold for taxes
46,933 shares
Shares of Class A common stock sold via sell-to-cover for tax withholding
Sale price range
$60.93–$65.61 per share
Weighted average prices across multiple sale transactions
Shares owned after sale
91,514 shares
Class A common stock beneficially owned following reported transactions
Unvested/contingent RSUs
334,695 units
RSUs representing contingent rights to receive Class A common stock
Stock options
107,610 options
Options to purchase Class A common stock, vesting per award terms
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, beneficially owned, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.93 to $61.91 per share, inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially owned financial
"Following the reported sale undertaken to satisfy tax withholding liabilities, in addition to the 91,514 shares of Class A Common Stock beneficially owned by the Reporting Person..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
options to purchase financial
"...the Reporting Person held RSUs representing contingent rights to receive up to an aggregate 334,695 shares of the Issuer's Class A Common Stock and options to purchase up to an aggregate 107,610 shares..."
FAQ
What did GeneDx (WGS) CEO Katherine Stueland do in this Form 4 filing?
Katherine Stueland exercised 80,000 restricted stock units into Class A common stock and had 46,933 shares sold to cover tax withholding obligations. These transactions reflect compensation-related equity vesting rather than a discretionary open-market investment decision.
What are the vesting terms for the GeneDx (WGS) CEO’s RSU award?
The RSU award vests 25% annually, with the first tranche vesting on March 26, 2025, conditioned on continued service. The remaining RSUs either vest on future vesting dates or are cancelled if vesting conditions are not met, and they do not have a traditional expiration date.