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 203 shares of common stock on October 30, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On October 30, 2024, Sarah Aebersold, the Chief Human Resources Officer of BioLife Solutions Inc., sold 203 shares of the company's common stock.
- The sale was executed at a price of $23.15 per share.
- Following the transaction, Aebersold directly owns 60,700 shares of BioLife Solutions Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1(c) trading plan adopted on January 3, 2023.
- The purpose of the sale was to satisfy tax withholding obligations associated with the vesting of restricted stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) under a pre-arranged plan, so it's neutral.
Industry Context
Sales of shares by company executives are a normal part of corporate governance. Often these sales are pre-planned to avoid any accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Date of adoption of Rule 10b5-1(c) trading plan |
| 10/30/2024 | Date of stock sale transaction |
| 11/01/2024 | Date of signature on the Form 4 filing |
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