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 May 31, 2024, Coen acquired 23,496 and 6,249 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
• On June 3, 2024, Coen sold 13,440 shares of Class A Common Stock at a price of $0.549 per share.
• These sales were to cover tax withholding obligations associated with the vesting of the RSUs and do not represent discretionary trades.
• Following these transactions, Coen directly owns 178,832 shares of Class A Common Stock.
• Coen also holds 822,369 and 281,251 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to tax obligations. It doesn't indicate a significant shift in the insider's confidence or the company's prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future actions.

Key Dates