Form 4: BioLife Solutions Officer Karen A. Foster Sells Shares to Cover Tax Obligations

Karen A. Foster, Chief Quality and Operations Officer of BioLife Solutions, sold 85 shares of common stock on May 17, 2024, to satisfy tax withholding obligations related to vesting restricted stock.

Summary

• On May 17, 2024, Karen A. Foster, Chief Quality and Operations Officer of BioLife Solutions Inc. (BLFS), sold 85 shares of common stock.
• The sale was executed at a price of $22.18 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1(c) trading plan adopted on February 8, 2021.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of restricted stock.
• Following the transaction, Foster directly owns 158,579 shares of BioLife Solutions Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares for tax purposes under a pre-arranged trading plan. It doesn't indicate any particular positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. Such filings are common and provide transparency into the trading activities of company insiders. The sale appears to be for tax purposes, which is a typical reason for such transactions.

Key Dates