Form 4: Bio-Techne Corp Director Higgins Exercises and Sells Shares
SEC Filing
Director John L. Higgins exercised stock options and sold 4,000 shares of Bio-Techne Corp common stock on May 14, 2024.
Summary
- On May 14, 2024, John L. Higgins, a director of Bio-Techne Corp, exercised stock options to acquire 4,000 shares of common stock at a price of $22.95 per share.
- Simultaneously, Higgins sold 4,000 shares of common stock at a weighted average price of $83.8443, with individual sales ranging from $83.55 to $83.94.
- Following these transactions, Higgins directly owns 36,608 shares of Bio-Techne Corp common stock.
- Higgins also holds various stock options with exercise prices ranging from $21.84 to $128.81 and expiration dates extending to October 2033.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The exercise and sale of shares don't inherently indicate a positive or negative outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value.
Stakeholder Impact
- Shareholders may interpret the director's actions as part of their personal financial strategy.
- The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/30/2014 | Date of stock options that expired on 10/30/2024 |
| 10/29/2016 | Date of stock options that expire on 10/28/2025 |
| 10/26/2017 | Date of stock options that expire on 10/26/2026 |
| 10/25/2018 | Date of stock options that expire on 10/27/2027 |
| 10/24/2019 | Date of stock options that expire on 10/25/2028 |
| 10/24/2020 | Date of stock options that expire on 10/24/2029 |
| 10/28/2021 | Date of stock options that expire on 10/29/2030 |
| 10/27/2022 | Date of stock options that expire on 10/28/2031 |
| 10/26/2023 | Date of stock options that expire on 10/27/2032 |
| 10/26/2023 | Date of stock options that expire on 10/26/2033 |
| 05/14/2024 | Date of transaction: exercise of stock options and sale of shares |
| 05/16/2024 | Date of filing |
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