Form 4: BioLife Solutions Officer Karen A. Foster Reports Stock Transactions
SEC Form 4
Karen A. Foster, Chief Quality and Operations Officer of BioLife Solutions, reports acquisition and disposal of common stock and vesting of restricted stock.
Summary
- Karen A. Foster, Chief Quality and Operations Officer at BioLife Solutions, filed a Form 4 detailing changes in beneficial ownership.
- On March 8, 2024, Foster acquired 20,651 shares of common stock and 20,445 shares of common stock.
- On March 11 and 12, 2024, Foster sold 319 and 5,177 shares of common stock at prices of $17.42 and $16.60, respectively.
- These transactions were made pursuant to a Rule 10b5-1(c) trading plan adopted on February 24, 2022, to cover tax obligations related to vesting restricted stock.
- Following these transactions, Foster beneficially owns 159,540 shares of BioLife Solutions common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small volume of shares sold by the officer.
- The transactions are unlikely to significantly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Date of adoption of Rule 10b5-1(c) trading plan |
| 01/01/2022 | Start date for total shareholder return calculation period |
| 12/31/2023 | End date for total shareholder return calculation period |
| 03/08/2024 | Date of common stock acquisition |
| 03/11/2024 | Date of common stock sale |
| 03/12/2024 | Date of common stock sale and filing date of Form 4 |
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