Form 4: BioLife Solutions Executive Todd Berard Sells 10,000 Shares

Todd Berard, Chief Marketing Officer of BioLife Solutions Inc., sold 10,000 shares of common stock on May 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 15, 2024, Todd Berard, the Chief Marketing Officer of BioLife Solutions Inc. (BLFS), sold 10,000 shares of the company's common stock.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
• The shares were sold at a weighted average price of $22.67, with individual prices ranging from $22.52 to $22.81.
• Following the transaction, Berard directly owns 119,312 shares of BioLife Solutions Inc.
• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate price within the range upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the use of a pre-arranged trading plan mitigates this concern.

Key Dates