Ming Hsieh - Feb 25, 2024 Form 4 Insider Report for Fulgent Genetics, Inc. (FLGT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Paul Kim as Attorney-in-Fact
Stock symbol
FLGT
Transactions as of
Feb 25, 2024
Transactions value $
-$770,808
Form type
4
Date filed
2/27/2025, 09:03 PM
Previous filing
Feb 27, 2024
Next filing
Feb 28, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLGT Common Stock Award $0 +11.3K +1.61% $0.00 711K Feb 25, 2025 Direct F1
transaction FLGT Common Stock Award $0 +17.8K +2.51% $0.00 729K Feb 25, 2025 Direct F2
transaction FLGT Common Stock Award $0 +37.2K +5.1% $0.00 766K Feb 25, 2025 Direct F3
transaction FLGT Common Stock Tax liability -$98.4K -6.04K -0.79% $16.29 760K Feb 25, 2025 Direct F4
transaction FLGT Common Stock Tax liability -$155K -9.54K -1.26% $16.29 751K Feb 25, 2025 Direct F5
transaction FLGT Common Stock Tax liability -$326K -20K -2.66% $16.29 731K Feb 25, 2025 Direct F6
transaction FLGT Common Stock Award $0 +98.2K +13.44% $0.00 829K Feb 25, 2025 Direct F7
transaction FLGT Common Stock Tax liability -$191K -11.8K -1.42% $16.24 817K Feb 26, 2025 Direct F8
holding FLGT Common Stock 221K Feb 25, 2024 By Trust F9
holding FLGT Common Stock 7.9M Feb 25, 2024 By Trust F10
holding FLGT Common Stock 1K Feb 25, 2024 Uniform Transfer to Minor Account F11
holding FLGT Common Stock 1K Feb 25, 2024 Uniform Transfer to Minor Account F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock units. The shares vested pursuant to certain performance milestones for performance-based restricted stock units granted on February 28, 2022.
F2 Performance-based restricted stock units. The shares vested pursuant to certain performance milestones for performance-based restricted stock units granted on February 23, 2023.
F3 Performance-based restricted stock units. The shares vested pursuant to certain performance milestones for performance-based restricted stock units granted on February 26, 2024.
F4 The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of the above performance-based restricted stock units granted to the reporting person on February 28, 2022.
F5 The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of the above performance-based restricted stock units granted to the reporting person on February 23, 2023.
F6 The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of the above performance-based restricted stock units granted to the reporting person on February 26, 2024.
F7 Restricted stock units. The shares subject to the restricted stock units vest over a period of three years, with 1/3rd of such shares vesting 12 months after March 1, 2025, and 1/12th of such shares vesting at the end of every three-month period thereafter over the remaining 24 months, subject to continued service for Issuer on each vesting date.
F8 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.
F9 Securities held by the Dynasty Trust. Mr. Hsieh is the grantor of the Dynasty Trust and he and his spouse, Eva Hsieh, and Jian Xie serve on the investment committee of the Dynasty Trust. Mr. Hsieh disclaims any beneficial interest except with respect to any pecuniary interest therein.
F10 Securities held by The Ming Hsieh Trust (the "Hsieh Trust"). Mr. Hsieh is the trustee of the Hsieh Trust and possesses the sole voting and dispositive power with respect to securities held by the Hsieh Trust.
F11 Shares held in a Uniform Transfers to Minor Act account for which Ming Hsieh acts as custodian and possesses the sole voting and dispositive power.