STOCK TITAN

Bio-Rad ownership update: Norman Schwartz controls Class B at 97.2%

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Bio-Rad Laboratories (BIO) filed Schedule 13D/A (Amendment No. 7) updating beneficial ownership and control following family trust changes. Norman D. Schwartz reports beneficial ownership of 3,228,922 shares of Class A Common Stock, representing 14.6%. This includes 2,714,928 shares via trusts where he is sole trustee, 17,145 shares held by the Alles Institute for Medical Research with shared power, 443,434 shares held directly, and 53,415 options exercisable within sixty days of September 25, 2025.

The Alice N. Schwartz Revocable Trust holds 1,781,356 Class A shares, or 8.1%. Percentages are based on 21,992,307 Class A shares outstanding as of July 28, 2025, with Mr. Schwartz’s percentage calculated to include his 53,415 exercisable options. In Class B, Mr. Schwartz has beneficial ownership of 4,929,036 shares, or 97.2%, based on 5,070,184 Class B shares outstanding as of July 28, 2025. The filing states the purpose of the shareholders’ ownership has been control of the Company.

Positive

  • None.

Negative

  • None.

Insights

Filing confirms concentrated control via Class B and trust succession.

Norman D. Schwartz reports 14.6% of Class A (3,228,922 shares) with a clear breakdown across trusts, direct holdings, and 53,415 options exercisable within sixty days of September 25, 2025. The Alice N. Schwartz Revocable Trust holds 8.1% of Class A (1,781,356 shares). Class A percentages use 21,992,307 outstanding as of July 28, 2025.

Control is anchored by Class B: Mr. Schwartz has beneficial ownership of 4,929,036 Class B shares, or 97.2%, based on 5,070,184 outstanding as of July 28, 2025. The document states the ownership purpose is control of the Company, and that he may be deemed a control person.

Key dependencies include trustee authority over specified trusts and option exercisability within the stated window. Subsequent filings may provide further updates to holdings as estate and trust transitions are finalized.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) David Schwartz, Bio-Rad's former Chairman of the Board, and Alice N. Schwartz, a former Director Emeritus of Bio-Rad, each of whom was a reporting person in the Prior Filing (as defined in Item 1), are deceased. (7) (9) 2,714,928 of the reported securities are held by the following trusts, all of which Norman D. Schwartz is the sole trustee: the David and Alice N. Schwartz Charitable Remainder Unitrust (34,311 shares); the David Schwartz Exemption Trust (90 shares); the David Schwartz Exempt Marital Trust (240 shares); the David Schwartz Non-Exempt Marital Trust (898,931 shares); and the Alice N. Schwartz Revocable Trust (1,781,356 shares). Prior to her death, Alice N. Schwartz was the sole trustee of the aforementioned trusts. Upon her death, Norman D. Schwartz, Chief Executive Officer and Chairman of the Board of Directors of Bio-Rad, became the sole trustee of such trusts. Includes 443,434 shares held by Norman D. Schwartz directly and 53,415 shares with respect to which Norman D. Schwartz has the right to acquire beneficial ownership of, immediately or within sixty days of September 25, 2025, under Bio-Rad's stock option agreements. (8)(10) Held by the Alles Institute for Medical Research, a Delaware Charitable Nonstock Corporation, with respect to which Norman D. Schwartz shares voting and dispositive power consistent with the purposes of the Delaware Charitable Nonstock Corporation. (11) Percentage ownership calculation for "Percent of Class Represented by Amount in Row (11)" is calculated by using a denominator of (a) 21,992,307 shares of Class A Common Stock outstanding as of July 28, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on July 31, 2025, plus (b) 53,415 shares of Class A Common Stock issuable upon the exercise of stock options exercisable by Mr. Schwartz immediately or within sixty days of September 25, 2025.


SCHEDULE 13D






SCHEDULE 13D


Norman D. Schwartz
Signature:/s/ Norman D. Schwartz
Name/Title:Norman D. Schwartz, Individually
Date:10/28/2025
Alice N. Schwartz Revocable Trust
Signature:/s/ Norman D. Schwartz
Name/Title:Norman D. Schwartz, Trustee
Date:10/28/2025

FAQ

What ownership did Norman D. Schwartz report in BIO’s Class A?

He reported beneficial ownership of 3,228,922 Class A shares, representing 14.6%.

How many Class A shares does the Alice N. Schwartz Revocable Trust hold?

The trust holds 1,781,356 Class A shares, representing 8.1%.

What share counts were used to calculate BIO Class A percentages?

Percentages use 21,992,307 Class A shares outstanding as of July 28, 2025; Mr. Schwartz’s figure also includes 53,415 exercisable options.

What is Norman D. Schwartz’s Class B ownership in BIO?

He has beneficial ownership of 4,929,036 Class B shares, or 97.2%, based on 5,070,184 outstanding as of July 28, 2025.

What is the stated purpose of the shareholders’ ownership?

The filing states the purpose has been control of the Company.

What components make up Mr. Schwartz’s Class A holdings?

They include 2,714,928 via trusts, 17,145 with shared power at the Alles Institute, 443,434 direct, and 53,415 options exercisable within sixty days of September 25, 2025.