Form 4: Ginkgo Bioworks Executive Sells Shares to Cover Tax Obligations

Steven P. Coen, Chief Accounting Officer of Ginkgo Bioworks Holdings, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Steven P. Coen, Chief Accounting Officer of Ginkgo Bioworks Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On October 3, 2024, Coen acquired 587 shares and 156 shares of Class A Common Stock upon the vesting of restricted stock units.
• On the same day, Coen disposed of 587 and 156 derivative securities.
• On October 4, 2024, Coen sold 306 shares of Class A Common Stock at a price of $8.351 per share.
• These sales were to cover tax withholding obligations associated with the vesting of restricted stock units and do not represent discretionary trades.
• Following these transactions, Coen directly owns 6,046 shares of Class A Common Stock.
• Coen also owns 18,210 and 6,407 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates