Form 4: BioLife Solutions CFO Troy Wichterman Sells Shares to Cover Tax Obligations

Troy Wichterman, CFO of BioLife Solutions, sold 932 shares of common stock at $20.11 per share on April 9, 2025, to satisfy tax withholding obligations related to vesting restricted stock.

Summary

• On April 9, 2025, Troy Wichterman, the Chief Financial Officer of BioLife Solutions Inc., sold 932 shares of the company's common stock.
• The shares were sold at a price of $20.11 per share.
• The transaction was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on January 3, 2023.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock.
• Following the transaction, Wichterman directly owns 188,310 shares of BioLife Solutions Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) under a pre-existing plan, so it's neutral.

Industry Context

Sales of shares by company insiders are a normal part of corporate governance. Often these sales are planned in advance to avoid any perception of insider trading. It is common for executives to sell shares to cover tax obligations.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, but the pre-planned nature of the sale mitigates this.

Key Dates

Keywords

Form 4, BioLife Solutions Inc, BLFS, Troy Wichterman, Chief Financial Officer, Stock Sale, Rule 10b5-1(c), Tax Withholding, Restricted Stock, Beneficial Ownership