Form 4: BioLife Solutions EVP Aby J. Mathew Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Aby J. Mathew, EVP & Chief Scientific Officer of BioLife Solutions Inc., sold 98 shares of common stock on May 17, 2024, to cover tax withholding obligations.
Summary
- On May 17, 2024, Aby J. Mathew, the EVP & Chief Scientific Officer of BioLife Solutions Inc. (BLFS), sold 98 shares of common stock.
- The shares were sold at a price of $22.18 per share.
- The transaction was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on February 8, 2021.
- The purpose of the sale was to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Mathew directly owns 319,000 shares of BioLife Solutions Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and was pre-planned under a 10b5-1 trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by company executives are a normal part of corporate governance. It is important to note that the sale was to cover tax obligations and was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 02/08/2021 | Date of adoption of Rule 10b5-1(c) trading plan |
| 05/17/2024 | Date of stock sale transaction |
| 05/21/2024 | Date of Form 4 filing |
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