BioLife Solutions CEO disposes of 826,454 merger shares
Each outstanding common share converted into the right to receive $11.25 in cash and 0.1442 Repligen shares, subject to merger-agreement terms.
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Rhea-AI Filing Summary
BioLife Solutions Inc. Chief Executive Officer and director Roderick de Greef reported two restricted-stock acquisitions and merger-related dispositions on October 6, 2026. The acquisitions were 225,670 shares and 237,460 shares; both awards vested immediately before the merger at approximately 200% of the shares granted, based on total shareholder return relative to certain peers over separate measurement periods ending October 2, 2026.
De Greef disposed of 826,454 shares in connection with the merger. Each outstanding common share converted into the right to receive $11.25 in cash and 0.1442 shares of Repligen common stock, subject to the merger agreement. Separately, 364,872 shares were withheld for tax obligations in connection with vesting, at $38.61 per share.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2 | 225,670 | -- | -- |
| Grant/Award | Common Stock F3 | 237,460 | -- | -- |
| Tax Withholding | Common Stock F4 | 364,872 | $38.61 | $14.09M |
| Disposition | Common Stock F1 | 826,454 | -- | -- |
Footnotes (4)
- F1. Reflects the disposition of shares of common stock ("Common Stock") of BioLife Solutions, Inc. (the "Registrant") in connection with the consummation on October 6, 2026 of the merger of Bravo Merger Sub I, Inc., a Delaware corporation ("Merger Sub 1") with and into the Registrant (the "First Merger"), pursuant to the Agreement and Plan of Merger, dated as of July 21, 2026 (the "Merger Agreement"), by and among the Registrant, Repligen Corporation, a Delaware corporation ("Repligen"), Merger Sub 1 and Bravo Merger Sub II, LLC, a Delaware limited liability company. At the effective time of the First Merger (the "First Merger Effective Time"), each outstanding share of Common Stock was converted into the right to receive $11.25 in cash and 0.1442 shares of Repligen common stock, in each case subject to the terms and conditions of the Merger Agreement.
- F2. The restricted stock was granted pursuant to the BioLife Solutions 2023 Omnibus Performance Incentive Plan (the "2023 Plan"). In accordance with the terms of the grant and the Merger Agreement, the restricted stock vested immediately prior to the First Merger Effective Time as to approximately 200% of the number of shares granted based on the Registrant's total shareholder return during the period beginning on January 1, 2025 through October 2, 2026 as compared to the total shareholder return of certain of the Registrant's peers (such peers have been determined by the Registrant's compensation committee with assistance of an outside consultant immediately prior to the grant date).
- F3. The restricted stock was granted pursuant to the 2023 Plan. In accordance with the terms of the grant and the Merger Agreement, the restricted stock vested immediately prior to the First Merger Effective Time as to approximately 200% of the number of shares granted based on the Registrant's total shareholder return during the period beginning on January 1, 2026 through October 2, 2026 as compared to the total shareholder return of certain of the Registrant's peers (such peers have been determined by the Registrant's compensation committee with assistance of an outside consultant immediately prior to the grant date).
- F4. Represents shares withheld to cover tax withholding obligations in connection with the vesting of the market-based restricted stock award.
Key Figures
Key Terms
market-based restricted stock award financial
tax withholding obligations financial
First Merger Effective Time technical
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Why did BLFS restricted-stock awards vest at approximately 200%?
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