BioLife Solutions CFO disposes of 256K shares in merger
At the merger's effective time, each outstanding BioLife common share converted into rights to cash and Repligen stock, subject to the merger agreement.
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Rhea-AI Filing Summary
BioLife Solutions Inc. Chief Financial Officer Troy Wichterman reported acquiring 76,204 and 62,300 shares under restricted-stock awards on October 6, 2026. The awards vested immediately before the merger, at approximately 200% of the number of shares granted, based on separate performance periods. He also reported 95,933 shares withheld for tax obligations at $38.61 per share and the disposition of 256,000 shares in the merger. At the merger's effective time, each outstanding BioLife common share converted into the right to receive $11.25 in cash and 0.1442 Repligen common shares, subject to the merger agreement.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2 | 76,204 | -- | -- |
| Grant/Award | Common Stock F3 | 62,300 | -- | -- |
| Tax Withholding | Common Stock F4 | 95,933 | $38.61 | $3.70M |
| Disposition | Common Stock F1 | 256,000 | -- | -- |
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
First Merger Effective Time technical
market-based restricted stock award financial
FAQ
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What stock awards and tax withholding did BLFS CFO Troy Wichterman report?
How did Troy Wichterman's BLFS restricted-stock awards vest?
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