BioLife Solutions (BLFS) executive sells 418 shares to cover tax withholding
Rhea-AI Filing Summary
BioLife Solutions Inc. executive Karen A. Foster, Chief Quality and Operations, sold 418 shares of common stock in an open-market transaction at $20.74 per share. After this sale, she directly owned 210,665 shares. The sale was executed under a pre-established Rule 10b5-1(c) trading plan adopted to cover tax withholding tied to the vesting of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 418 shares
Net Sell
1 txn
Insider
Foster Karen A.
Role
Chief Quality and Operations
Sold
418 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 418 | $20.74 | $9K |
Holdings After Transaction:
Common Stock — 210,665 shares (Direct)
Footnotes (1)
- F1. The sale reported herein was made pursuant to a Rule 10b5-1 (c) trading plan adopted by the reporting person effective as of 02-24-2022 to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock.
FAQ
What insider transaction did BioLife Solutions (BLFS) report for Karen A. Foster?
BioLife Solutions reported that executive Karen A. Foster sold 418 shares of common stock in an open-market transaction at $20.74 per share. This transaction was disclosed on a Form 4 and reflects activity under a pre-arranged Rule 10b5-1 trading plan.
What was the purpose of Karen A. Foster’s BioLife Solutions (BLFS) stock sale?
The footnote states the sale was made to satisfy tax withholding obligations related to the vesting of restricted stock. Using a Rule 10b5-1 trading plan, 418 shares were sold, helping cover tax liabilities that arise when restricted stock awards vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.