Ming Hsieh - Feb 23, 2023 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 23, 2023
Transactions value $
-$83,081
Form type
4
Date filed
2/27/2023, 04:19 PM
Previous filing
Jan 5, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLGT Common Stock Award $0 +7.62K +1.28% $0.00 604K Feb 23, 2023 Direct F1
transaction FLGT Common Stock Award $0 +47.4K +7.85% $0.00 651K Feb 23, 2023 Direct F2
transaction FLGT Common Stock Tax liability -$83.1K -2.63K -0.4% $31.65 649K Feb 23, 2023 Direct F3
holding FLGT Common Stock 221K Feb 23, 2023 By Trust F4
holding FLGT Common Stock 7.9M Feb 23, 2023 By Trust F5
holding FLGT Common Stock 1K Feb 23, 2023 Uniform Transfer to Minors Account F6
holding FLGT Common Stock 1K Feb 23, 2023 Uniform Transfer to Minors Account F7
* 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 August 1, 2022.
F2 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 23, 2023, 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.
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 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.
F5 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.
F6 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.
F7 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.