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Ginkgo Bioworks Holdings, Inc.·4

Apr 10, 5:01 PM ET

Canton Barry 4

Research Summary

AI-generated summary

Updated

Ginkgo (DNA) 10% Owner Canton Barry Receives Award, Sells Shares

What Happened

  • Canton Barry, a reported 10% owner of Ginkgo Bioworks (DNA), received 55,476 shares on April 7–8, 2026 from the conversion/vesting of performance-based restricted stock units (PSUs). The PSUs were paid out at 67% of target (82,800 PSUs granted on June 19, 2025 → 82,800 * 0.67 = 55,476).
  • Following the distribution, Barry sold 13,155 shares on April 8, 2026 at $6.93 each (proceeds $91,164) and 13,116 shares on April 9, 2026 at $6.40 each (proceeds $83,903), a total of 26,271 shares sold for approximately $175,067. The sales were reported as tax-withholding “sell to cover” transactions (not discretionary trades).

Key Details

  • Transaction dates and prices:
    • 2026-04-07: Conversion of 27,738 PSUs → shares (distributed)
    • 2026-04-08: Conversion of 27,738 PSUs → shares (distributed)
    • 2026-04-08: Sold 13,155 shares @ $6.93 = $91,164 (sell-to-cover)
    • 2026-04-09: Sold 13,116 shares @ $6.40 = $83,903 (sell-to-cover)
  • Total shares received from PSUs: 55,476. Total shares sold: 26,271. Net shares retained from this distribution: 29,205.
  • Shares owned after transaction: Not specified in the provided extract (check full Form 4 on SEC EDGAR for total beneficial ownership).
  • Footnotes: F1 explains each PSU converts to one share; F2 states the reported sales were to satisfy tax withholding obligations (issuer-authorized sell-to-cover); F3 confirms the 82,800 PSU grant and the 67% payout rate.
  • Filing: Form 4 filed Apr 10, 2026 (transactions dated Apr 7–9, 2026). The extract does not mark the filing as late.

Context

  • These were PSU vesting and mandatory sell-to-cover tax withholding transactions, not open-market investment purchases. Vesting of PSUs is a compensation event (award conversion), and the partial immediate sales were to satisfy taxes rather than discretionary selling for investment reasons.
  • As a 10% owner, Barry is a significant insider; the filing reflects compensation-related share issuance and routine tax-related disposals rather than a standalone bullish or bearish trading signal.