Bio-Techne (TECH) Director John L. Higgins Exercises Options, Sells Shares

What Happened John L. Higgins, a director of Bio-Techne Corp (TECH), exercised stock options on 2026-09-28 that resulted in the acquisition of 15,940 shares. To satisfy tax withholding, 5,562 of those shares were surrendered at $72.51 per share for a total withholding value of $403,301. The Form 4 records the option exercise (transaction code M) and the tax withholding (transaction code F).

Key Details

• Transaction date: 2026-09-28; filing date: 2026-09-30 (timely Form 4 filing).
• Option exercise reported: 15,940 shares acquired (exercise price shown as $0.00 in the filing).
• Tax withholding: 5,562 shares disposed at $72.51 each = $403,301.
• A corresponding derivative disposition of 15,940 shares is also recorded (reflecting conversion of the derivative instrument).
• Footnote: The option vests on the earlier of the one-year anniversary of the grant (10/30/2025) or Bio-Techne’s 2026 annual meeting of shareholders.
• Shares owned after the transaction are not specified in the provided data.

Context

• M = option exercise; F = shares withheld/surrendered to cover taxes. This appears to be a routine cashless-withholding to satisfy tax obligations rather than an open-market sale of additional shares.
• Such tax-withholding dispositions are common and do not necessarily indicate the insider’s view of the company’s prospects.