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

Todd Berard, Chief Marketing Officer of BioLife Solutions, sold 324 shares of common stock on April 9, 2025, at a price of $20.11 per share to satisfy tax withholding obligations.

Summary

• On April 9, 2025, Todd Berard, the Chief Marketing Officer of BioLife Solutions Inc., sold 324 shares of the company's common stock.
• The shares were sold at a price of $20.11 per share.
• The sale 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 related to the vesting of restricted stock.
• Following the transaction, Berard directly owns 135,632 shares of BioLife Solutions Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations under a pre-existing trading plan.

Industry Context

Sales by company executives are a normal part of corporate governance. The sale was executed under a pre-arranged trading plan, which is a common practice to avoid accusations of insider trading.

Stakeholder Impact

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

Key Dates

Keywords

BioLife Solutions, BLFS, Todd Berard, insider trading, Form 4, stock sale, Rule 10b5-1, tax obligations, restricted stock, Chief Marketing Officer