Form 4: BioLife Solutions Executive Todd Berard Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
BioLife Solutions' Chief Marketing Officer, Todd Berard, executed multiple sales of common stock under pre-arranged 10b5-1 trading plans.
Summary
- Todd Berard, Chief Marketing Officer of BioLife Solutions Inc., sold shares of common stock in multiple transactions.
- The sales were executed under Rule 10b5-1(c) trading plans.
- On July 11, 2024, 287 shares were sold at a price of $20.54.
- On August 21, 2024, 82 shares were sold at a price of $25.61.
- On September 16, 2024, 367 shares were sold at a price of $25.12.
- Following these transactions, Berard directly owns 108,158 shares of BioLife Solutions Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of 10b5-1 plans allows insiders to sell shares over a period of time and avoid accusations of insider trading.
Stakeholder Impact
- Shareholders may interpret insider sales in various ways, but sales under 10b5-1 plans are generally viewed as less concerning.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of 10b5-1 trading plan related to the July 11, 2024 sale. |
| 02/08/2021 | Effective date of 10b5-1 trading plan related to the August 21, 2024 sale. |
| 02/24/2022 | Effective date of 10b5-1 trading plan related to the September 16, 2024 sale. |
| 07/11/2024 | Date of transaction: Sale of 287 shares at $20.54. |
| 08/21/2024 | Date of transaction: Sale of 82 shares at $25.61. |
| 09/16/2024 | Date of transaction: Sale of 367 shares at $25.12. |
| 09/18/2024 | Date of Form 4 filing. |
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