Form 4: BioLife Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sarah Aebersold, Chief Human Resources Officer of BioLife Solutions, sold shares of common stock to cover tax withholding obligations related to vesting restricted stock.
Summary
- Sarah Aebersold, Chief Human Resources Officer at BioLife Solutions, filed a Form 4 detailing changes in beneficial ownership.
- On March 8, 2024, Aebersold acquired 15,144 shares of common stock and 17,523 shares of common stock.
- On March 11 and 12, 2024, Aebersold sold 269 and 4,361 shares of common stock at prices of $17.42 and $16.60, respectively.
- These sales were executed under a pre-arranged Rule 10b5-1(c) trading plan to cover tax obligations related to the vesting of restricted stock.
- Following these transactions, Aebersold directly owns 69,843 shares of BioLife Solutions common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock transactions are common and are often related to compensation and tax planning. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 02-24-2022 | Effective date of the Rule 10b5-1(c) trading plan. |
| 01/01/2022 | Start date for measuring total shareholder return for vesting of restricted stock. |
| 12/31/2023 | End date for measuring total shareholder return for vesting of restricted stock. |
| 03/08/2024 | Date of acquisition of 15,144 and 17,523 shares of common stock. |
| 03/11/2024 | Date of sale of 269 shares of common stock. |
| 03/12/2024 | Date of sale of 4,361 shares of common stock. |
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