Form 4: Standard BioTools CFO Hanjoon Alex Kim Reports Routine Share Withholding for Tax Obligations
Insider Transaction Report
Standard BioTools Inc.'s Chief Financial Officer, Hanjoon Alex Kim, reported the disposition of 2,583 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Hanjoon Alex Kim, Chief Financial Officer of Standard BioTools Inc. (LAB), reported a transaction on May 28, 2025.
- The transaction involved the disposition of 2,583 shares of Common Stock at a price of $1.09 per share.
- These shares were withheld by the company to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs).
- The RSUs were originally granted to Mr. Kim on March 21, 2025, and previously reported on a Form 4 filed on March 24, 2025.
- Following this transaction, Hanjoon Alex Kim beneficially owns 927,703 shares of Standard BioTools Inc. Common Stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine administrative transaction (tax withholding) and does not reflect a discretionary sale or purchase by the insider, nor does it indicate any operational or financial performance.
Management Comments
- The shares were withheld from the reporting person to satisfy the tax withholding obligations that arose upon the vesting of restricted stock units granted to the reporting person on March 21, 2025, which grant was originally reported on Form 4 filed with the U.S. Securities and Exchange Commission on March 24, 2025.
Industry Context
This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive dynamics within the biotechnology or life sciences tools sector.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine administrative transaction for tax purposes, not a discretionary sale that would signal a change in management's confidence.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of grant of restricted stock units (RSUs) to Hanjoon Alex Kim. |
| 03/24/2025 | Date of original Form 4 filing reporting the RSU grant. |
| 05/28/2025 | Date of transaction where shares were withheld for tax obligations upon RSU vesting. |
| 05/30/2025 | Date of signature for the current Form 4 filing. |
Keywords
Standard BioTools, LAB, Hanjoon Alex Kim, CFO, SEC Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Equity Compensation
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