Jason Ryan - Apr 26, 2023 Form 4 Insider Report for GeneDx Holdings Corp. (WGS)

Role
Executive Chairman, Director
Signature
/s/ Bridget Brown, Attorney-in-Fact
Stock symbol
WGS
Transactions as of
Apr 26, 2023
Transactions value $
$0
Form type
4
Date filed
4/27/2023, 07:39 PM
Previous filing
Apr 7, 2023
Next filing
May 26, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WGS Restricted Stock Unit Award $0 +1.52M $0.00 1.52M Apr 26, 2023 Class A Common Stock 1.52M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 100% of the underlying awards shall become vested and exercisable on the earlier of (A) December 31, 2023, and (B) a change in control of the Issuer, subject to the Reporting Person's continued service to the Issuer on such earlier date, or upon a termination of the Reporting Person's service as Executive Chairman of the Board under certain circumstances.