Form 4: BioLife Solutions EVP Aby J. Mathew Sells Shares to Cover Tax Obligations

Aby J. Mathew, EVP & Chief Scientific Officer of BioLife Solutions Inc., sold 454 shares of common stock on March 27, 2024, to cover tax withholding obligations.

Summary

• On March 27, 2024, Aby J. Mathew, the EVP & Chief Scientific Officer of BioLife Solutions Inc. (BLFS), sold 454 shares of the company's common stock.
• The sale was executed at a price of $17.99 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1(c) trading plan adopted by Mathew on March 25, 2020.
• The purpose of the sale was to satisfy tax withholding obligations related to the vesting of restricted stock shares.
• Following the transaction, Mathew directly owns 319,682 shares of BioLife Solutions Inc.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale for tax purposes, which is neutral in sentiment. It doesn't indicate any positive or negative outlook for the company.

Industry Context

This is a routine transaction for executives to manage their tax liabilities related to stock-based compensation. It doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the impact is likely to be minimal given the small number of shares sold and the pre-planned nature of the transaction.

Key Dates