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BIO Schedule 13D/A shows control via trusts and Class B stake

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Bio-Rad Laboratories (BIO) filed an amended Schedule 13D reporting updated ownership and control details following changes within the Schwartz family trusts. Norman D. Schwartz reports beneficial ownership of 3,228,922 shares of Class A Common Stock, representing 14.6% of that class, including shares held directly, by trusts for which he is sole trustee, and 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%. The filing notes that, due to the death of Mrs. Alice N. Schwartz on September 25, 2025, she ceased to be a beneficial owner of more than 5% of Class A. For Class B Common Stock, Norman D. Schwartz reports beneficial ownership of 4,929,036 shares, representing 97.2% of the class, including shares held through Blue Raven Partners, L.P. and trusts he oversees. The stated purpose of ownership is control of the company.

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Insights

Ownership update confirms continued control via Class B and trusts.

Norman D. Schwartz reports 14.6% of Class A (3,228,922 shares) and an aggregate 97.2% of Class B (4,929,036 shares). Class B’s supermajority conveys effective control, and the filing states the purpose of ownership is control of the company. The update reflects trustee succession and option holdings exercisable within sixty days of September 25, 2025.

The change follows the death of Alice N. Schwartz, after which certain trusts list Norman as sole trustee. The filing also notes the Alice N. Schwartz Revocable Trust’s 8.1% Class A stake (1,781,356 shares). All percentages anchor to outstanding totals as of July 28, 2025.

This amendment is primarily informational. Actual impact depends on governance dynamics tied to Class B voting power and trustee administration; no transaction terms or cash flows are described.






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:
EXPLANATORY NOTE: This Amendment No. 7 is being refiled to include Exhibit 1, which was inadvertently omitted from the original Amendment No. 7 filed on October 28, 2025 due to a technological error. No other changes were made to the original Amendment No. 7. (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 Class A ownership does Norman D. Schwartz report in BIO’s Schedule 13D/A?

He reports 3,228,922 Class A shares, representing 14.6% of the class.

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

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

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

He reports 4,929,036 Class B shares, representing 97.2% of that class.

What event triggered changes in trustee arrangements noted in the filing?

Following the September 25, 2025 death of Alice N. Schwartz, Norman D. Schwartz became sole trustee of specified trusts.

What is the stated purpose of the BIO share ownership in the amendment?

The filing states the purpose is control of the Company.

What outstanding share counts anchor the reported percentages?

Class A: 21,992,307 shares; Class B: 5,070,184 shares, both as of July 28, 2025.

Does the filing mention options counted in Norman D. Schwartz’s Class A ownership?

Yes, it includes 53,415 Class A shares issuable upon stock options exercisable within sixty days of September 25, 2025.
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