Form 4: BioLife Solutions Officer Karen A. Foster Reports Stock Sales
SEC Form 4
Karen A. Foster, Chief Quality and Operations Officer of BioLife Solutions, reports the sale of common stock under pre-arranged Rule 10b5-1 trading plans.
Summary
- Karen A. Foster, Chief Quality and Operations Officer at BioLife Solutions Inc. (BLFS), filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the sale of common stock on three separate dates: July 18, 2024, August 21, 2024, and September 16, 2024.
- These sales were executed under Rule 10b5-1(c) trading plans adopted by Foster to satisfy tax withholding obligations related to the vesting of restricted stock.
- On July 18, 2024, 240 shares were sold at a price of $22.50.
- On August 21, 2024, 96 shares were sold at a price of $25.61.
- On September 16, 2024, 267 shares were sold at a price of $25.12.
- Following these transactions, Foster directly owns 157,568 shares of BioLife Solutions Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an officer. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure related to insider trading activity. It's common for executives to utilize 10b5-1 trading plans to diversify their holdings and manage tax obligations.
Stakeholder Impact
- The stock sales by an officer could have a minor impact on shareholder sentiment, but the pre-planned nature of the sales under Rule 10b5-1 mitigates potential concerns.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Rule 10b5-1(c) trading plan adopted by the reporting person to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock. |
| 02/08/2021 | Effective date of Rule 10b5-1(c) trading plan adopted by the reporting person to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock. |
| 02/24/2022 | Effective date of Rule 10b5-1(c) trading plan adopted by the reporting person to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock. |
| 07/18/2024 | Date of first reported transaction: Sale of 240 shares at $22.50. |
| 08/21/2024 | Date of second reported transaction: Sale of 96 shares at $25.61. |
| 09/16/2024 | Date of third reported transaction: Sale of 267 shares at $25.12. |
| 09/18/2024 | Date of signature on the Form 4 filing. |
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