Jian Xie - Feb 26, 2024 Form 4 Insider Report for Fulgent Genetics, Inc. (FLGT)

Role
President and COO
Signature
/s/ Paul Kim as Attorney-in-Fact
Stock symbol
FLGT
Transactions as of
Feb 26, 2024
Transactions value $
-$134,134
Form type
4
Date filed
2/28/2024, 07:10 PM
Previous filing
Feb 27, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLGT Common Stock Award $0 +3.93K +1.16% $0.00 343K Feb 26, 2024 Direct F1
transaction FLGT Common Stock Award $0 +6.36K +1.85% $0.00 349K Feb 26, 2024 Direct F2
transaction FLGT Common Stock Tax liability -$51.2K -2.11K -0.6% $24.26 347K Feb 26, 2024 Direct F3
transaction FLGT Common Stock Tax liability -$82.9K -3.42K -0.98% $24.26 344K Feb 26, 2024 Direct F4
transaction FLGT Common Stock Award $0 +25.4K +7.37% $0.00 369K Feb 26, 2024 Direct F5
holding FLGT Common Stock 221K Feb 26, 2024 By Trust F6
* 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 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.
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 23, 2023.
F5 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 February 26, 2024, 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.
F6 Securities held by The Hsieh Family Dynasty Trust, dated January 27, 2010 (the "Trust"). Mr. Xie serves on the investment committee of the Trust. Mr. Xie disclaims any beneficial interest except with respect to any pecuniary interest therein.