BioLife Solutions (BLFS) CMO has 470 shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioLife Solutions Chief Marketing Officer Todd Berard had 470 shares of common stock withheld by the company on the RSU vesting date to cover tax obligations. This was a tax-withholding disposition, not an open-market sale. After this withholding, he directly holds 162,942 shares of BioLife Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Berard Todd
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 470 | $26.04 | $12K |
Holdings After Transaction:
Common Stock — 162,942 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 470 shares
Reporting price per share: $26.04 per share
Post-transaction holdings: 162,942 shares
3 metrics
Shares withheld for taxes
470 shares
Tax-withholding disposition on restricted stock unit release
Reporting price per share
$26.04 per share
Value used for the 470 withheld shares
Post-transaction holdings
162,942 shares
Direct ownership after tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition
3 terms
restricted stock units financial
"arose upon the release of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did BioLife Solutions (BLFS) report for Todd Berard?
BioLife Solutions reported that Chief Marketing Officer Todd Berard had 470 shares of common stock withheld to satisfy tax obligations upon the release of restricted stock units, according to a Form 4 insider filing.
Was the BioLife Solutions (BLFS) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition. The 470 BioLife Solutions shares were withheld by the company to cover Berard’s tax liability from restricted stock unit vesting, not sold on the open market.
What does transaction code F mean in the BioLife Solutions (BLFS) Form 4?
Transaction code F indicates a tax-withholding disposition. In this BioLife Solutions Form 4, it shows shares were withheld by the issuer to pay Todd Berard’s tax liability on restricted stock unit vesting.