Ginkgo Bioworks insider sells shares to cover taxes
Ginkgo Bioworks Holdings, Inc. director and officer Reshma P. Shetty, reporting indirect holdings "by spouse," disclosed PSU vesting and related share sales.
Rhea-AI Filing Summary
Ginkgo Bioworks Holdings, Inc. director and officer Reshma P. Shetty, reporting indirect holdings "by spouse," disclosed PSU vesting and related share sales. On April 7–8, 2026, her spouse exercised 55,476 performance-based restricted stock units at $0.00 per unit into Class A Common Stock.
On April 8 and 9, 2026, a total of 26,271 Class A shares were sold in open-market transactions at prices of $6.93 and $6.397 per share to cover tax withholding obligations tied to the PSU vesting, which the footnotes state were not discretionary trades. After these transactions, the spouse’s indirect Class A Common Stock holdings were 338,568 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Shetty Reshma P.
Role
See remarks
Sold
26,271 shs ($175K)
Approx. gross sale proceeds
$175K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 13,116 | $6.397 | $84K |
| Exercise | Performance-Based Restricted Stock Unit | 27,738 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 27,738 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 13,155 | $6.93 | $91K |
| Exercise | Performance-Based Restricted Stock Unit | 27,738 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 27,738 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-Based Restricted Stock Unit — 0 contracts (Indirect, By Spouse);
Class A Common Stock — 338,568 shares (Indirect, By Spouse)
Footnotes (3)
- F1. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. Represents shares sold by the Reporting Person's spouse to cover tax withholding obligations in connection with the vesting of PSUs. Sales to cover tax withholding obligations in connection with the vesting of such securities do not represent discretionary trades by the Reporting Person's spouse. The Issuer's equity incentive plans allow the Issuer to require that satisfaction of tax withholding obligations be funded by a "sell to cover" transaction.
- F3. On June 19, 2025, the Reporting Person's spouse was granted 82,800 PSUs based on a company-wide cash flow reduction target over a one-year period beginning on January 1, 2025 and ending on December 31, 2025. The total number of vested PSUs distributed by Issuer on April 7, 2026 and April 8, 2026 in the form of Class A Common Stock reflects actual performance equal to 67% of target performance, as certified by the Compensation Committee of the Board of Directors.
Key Figures
Shares sold to cover taxes: 26,271 shares
Shares sold at $6.93: 13,155 shares
Shares sold at $6.397: 13,116 shares
+4 more
7 metrics
Shares sold to cover taxes
26,271 shares
Class A Common Stock sold April 8–9, 2026
Shares sold at $6.93
13,155 shares
Open-market sale on April 8, 2026
Shares sold at $6.397
13,116 shares
Open-market sale on April 9, 2026
PSUs exercised
55,476 units
Performance-based restricted stock units converted at $0.00
Indirect holdings after transactions
338,568 shares
Class A Common Stock held indirectly by spouse after April 9, 2026
Original PSU grant
82,800 PSUs
Grant on June 19, 2025 tied to cash flow reduction target
Performance vs. target
67%
Actual performance relative to PSU target as certified by Compensation Committee
Key Terms
Performance-Based Restricted Stock Unit, sell to cover, equity incentive plans, cash flow reduction target, +1 more
5 terms
Performance-Based Restricted Stock Unit financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
sell to cover financial
"plans allow the Issuer to require that satisfaction of tax withholding obligations be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
equity incentive plans financial
"The Issuer's equity incentive plans allow the Issuer to require that satisfaction of tax withholding obligations"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
cash flow reduction target financial
"granted 82,800 PSUs based on a company-wide cash flow reduction target over a one-year period"
Compensation Committee financial
"performance equal to 67% of target performance, as certified by the Compensation Committee of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What did Ginkgo Bioworks (DNA) insider Reshma Shetty report on this Form 4?
Reshma P. Shetty reported PSU vesting and related share sales by her spouse. A total of 55,476 performance-based restricted stock units converted into Class A Common Stock, and 26,271 shares were sold to satisfy associated tax withholding obligations under the company’s equity incentive plans.
How many Ginkgo Bioworks (DNA) PSUs vested in this transaction?
A total of 55,476 performance-based restricted stock units vested and were converted into Class A Common Stock. The PSUs carried a $0.00 conversion price and were tied to a company-wide cash flow reduction target, with actual performance certified at 67% of target by the Compensation Committee.
How were the Ginkgo Bioworks (DNA) PSUs for the insider’s spouse originally granted?
On June 19, 2025, the spouse received 82,800 performance-based restricted stock units. Vesting depended on achieving a company-wide cash flow reduction target over the period from January 1, 2025 to December 31, 2025, with final PSU vesting at 67% of target based on certified performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
