BioLife Solutions (BLFS) CFO has 844 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BioLife Solutions’ Chief Financial Officer Troy Wichterman reported a Form 4 transaction involving 844 shares of common stock with a value of $27.79 per share. According to the disclosure, these shares were withheld by the company to satisfy tax withholding obligations arising from the release of restricted stock units, rather than sold in the open market. Following this tax-withholding disposition, Wichterman directly holds 213,249 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wichterman Troy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 844 | $27.79 | $23K |
Holdings After Transaction:
Common Stock — 213,249 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 844 shares
Per-share value for tax withholding: $27.79 per share
Shares held after transaction: 213,249 shares
+1 more
4 metrics
Shares withheld for taxes
844 shares
Common stock shares withheld to satisfy tax withholding obligations on RSU release
Per-share value for tax withholding
$27.79 per share
Value applied to the 844 withheld shares in the tax-withholding disposition
Shares held after transaction
213,249 shares
Total common shares directly held by the CFO following the tax-withholding disposition
Tax-withholding transactions
1
Single F-code tax-withholding disposition reported in the Form 4
Key Terms
tax withholding obligations, restricted stock units, tax-withholding disposition
3 terms
tax withholding obligations financial
"shares withheld by the Issuer to satisfy <b>tax withholding obligations</b> of the reporting person"
restricted stock units financial
"tax withholding obligations of the reporting person that arose upon the release of <b>restricted stock units</b>"
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 disposition financial
"transaction_action is described as a <b>tax-withholding disposition</b> of common stock"
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 its CFO?
BioLife Solutions’ CFO, Troy Wichterman, reported a disposition of 844 shares of common stock. The shares were withheld by the company to cover tax withholding obligations triggered by the release of restricted stock units, not sold on the open market.
Was the BioLife Solutions (BLFS) CFO’s Form 4 a market sale or tax withholding?
The Form 4 describes the event as a tax-withholding disposition, not a market sale. A footnote explains the 844 shares were withheld by the issuer to satisfy tax obligations from the release of restricted stock units.