Form 4: BioLife Solutions Executive Sells Shares to Cover Tax Obligations

Todd Berard, Chief Marketing Officer of BioLife Solutions, sold 1,577 shares of common stock on March 11, 2025, to cover tax obligations related to vesting restricted stock.

Summary

• On March 11, 2025, Todd Berard, the Chief Marketing Officer of BioLife Solutions Inc., sold 1,577 shares of the company's common stock.
• The sale was executed at a price of $25 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1(c) trading plan adopted on March 8, 2024.
• The purpose of the sale was to satisfy tax withholding obligations associated with the vesting of restricted stock.
• Following the transaction, Berard directly owns 104,961 shares of BioLife Solutions Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) by an executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. Often these sales are planned in advance using 10b5-1 trading plans to avoid any accusations of insider trading. It is common for executives to sell shares to cover tax obligations.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the reason for the sale and the relatively small number of shares involved.

Key Dates