Form 4: Ginkgo Bioworks CFO Mark Dmytruk Reports Stock Transactions

Mark Dmytruk, CFO of Ginkgo Bioworks Holdings, reports transactions involving Class A and Class B Common Stock, including acquisitions, disposals, and conversions, as well as vesting of Restricted Stock Units.

Summary

• Mark Dmytruk, the CFO of Ginkgo Bioworks Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report includes transactions from November 1, 2024, and November 4, 2024.
• Dmytruk acquired Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• He also converted Class B Common Stock to Class A Common Stock.
• A portion of Class A Common Stock was sold to cover tax withholding obligations related to the vesting of RSUs.
• As of the latest reported transactions, Dmytruk directly owns 31,610 shares of Class A Common Stock.
• Dmytruk also holds 6,364, 12,688, and 22,920 Restricted Stock Units, and 15,427 shares of Class B Common Stock subject to vesting conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of insider trading activity.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency regarding insider transactions.
• The vesting schedules for RSUs (48-month monthly installments) are typical in the industry for executive compensation packages.
• Sell-to-cover transactions for tax obligations are a common mechanism used by companies to manage equity compensation.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency into insider activity.
• The transactions may have a minor impact on the stock price due to the sale of shares to cover tax obligations.

Key Dates