Canton Barry 4
4 · Ginkgo Bioworks Holdings, Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Ginkgo (DNA) 10% Owner Canton Barry Sells 124,727 Shares
What Happened Canton Barry, a reported 10% owner of Ginkgo Bioworks (DNA), reported the conversion of 251,786 performance-based restricted stock units (PSUs) into Class A common shares on April 9, 2026 (code M). Following the conversion, 124,727 shares were sold in an open-market transaction on April 10, 2026 at $6.43 per share, generating proceeds of approximately $802,494. The sale was reported on a Form 4 filed April 13, 2026.
Key Details
- Transaction dates: April 9, 2026 (PSU conversion/exercise), April 10, 2026 (open-market sale).
- Sale: 124,727 shares at $6.43, total proceeds ≈ $802,494.
- Conversion: 251,786 PSUs converted to shares (one PSU = one share).
- Origin of PSUs: 375,800 PSUs granted June 19, 2025; actual payout = 67% of target, resulting in 251,786 vested shares (375,800 × 67%).
- The sale was described as a "sell-to-cover" by the reporting person’s spouse to satisfy tax withholding obligations (footnote: non-discretionary, per company plan).
- Shares owned after the transactions are not specified in the provided filing.
- Filing: Form 4 filed April 13, 2026 (no late filing flag indicated).
Context
- The conversion (code M) reflects PSUs vesting and being converted into shares rather than a cash option exercise. A portion of those shares was sold to cover tax withholding (sell-to-cover), which issuers commonly require and which footnote F2 indicates was executed by the reporting person’s spouse and not a discretionary sale.
- For retail investors: this is largely a routine, tax-related sale following a performance-based award vesting, not necessarily a directional insider "sell for diversification" or a discretionary trade by the reporting person. As a 10% owner, the filing is a required disclosure of the spouse’s vested award and subsequent sell-to-cover transaction.
Insider Transaction Report
Form 4
Canton Barry
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-09+251,786→ 561,149 total(indirect: By Spouse) - Sale
Class A Common Stock
[F2]2026-04-10$6.43/sh−124,727$802,494→ 436,422 total(indirect: By Spouse) - Exercise/Conversion
Performance-Based Restricted Stock Unit
[F1][F3]2026-04-09−251,786→ 0 total(indirect: By Spouse)→ Class A Common Stock (251,786 underlying)
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 375,800 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 9, 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.
Signature
/s/ Karen Tepichin, Attorney-in-Fact|2026-04-13