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

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

Summary

• On May 1, 2024, Steven P. Coen, Chief Accounting Officer of Ginkgo Bioworks Holdings, Inc., had 281,955 and 12,500 Restricted Stock Units (RSUs) vest.
• Following the vesting of the RSUs, Mr. Coen sold 131,928 shares of Class A Common Stock on May 2, 2024, at a price of $0.845 per share.
• The sales were executed to cover tax withholding obligations associated with the vesting of the restricted stock units and do not represent discretionary trades.
• After the reported transactions, Mr. Coen directly owns 162,527 shares of Class A Common Stock.
• The RSUs vest in monthly installments after an initial vesting date.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

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 stated reason for the sale.

Key Dates