Berard Todd 4

What Happened

• Todd Berard, Chief Marketing Officer of BioLife Solutions (BLFS), had 293 shares withheld by the company to satisfy tax withholding obligations arising from the release of restricted stock units (RSUs). The shares were recorded at $19.27 each, totaling approximately $5,646. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-08; Filing date: 2026-04-10 (Form 4).
• Shares withheld/disposed: 293 at $19.27 per share; total value ≈ $5,646.
• Transaction code: F — shares withheld to satisfy tax withholding upon RSU vesting.
• Shares owned after the transaction: not stated in the provided filing.
• Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations related to RSU release.
• Filing appears timely (Form 4s must generally be filed within two business days of the transaction).

Context

• This was a routine tax-withholding action tied to RSU vesting, not a market sale signaling a change in investment stance. Such withholdings reduce the number of shares delivered to the insider to cover taxes and are common after awards vest.