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BIOLIFE SOLUTIONS INC·4

Jun 10, 5:01 PM ET

Berard Todd 4

Research Summary

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BioLife (BLFS) CMO Todd Berard Withholds 356 Shares for Taxes

What Happened
Todd Berard, Chief Marketing Officer of BioLife Solutions (BLFS), had 356 shares withheld on 2026-06-08 to satisfy tax withholding obligations related to the release of restricted stock units (RSUs). The withholding was recorded as a disposition at $26.10 per share, totaling approximately $9,292. This was a tax-withholding transaction, not an open-market sale or purchase.

Key Details

  • Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely filing).
  • Transaction type/code: F — payment of tax liability by share withholding.
  • Shares withheld: 356 at $26.10 per share; total value ≈ $9,292.
  • Footnote: F1 — shares were withheld by the issuer to satisfy tax withholding on RSU release.
  • Shares owned after transaction: not specified in the provided filing excerpt.

Context
Share withholding to cover taxes on vested RSUs is a routine administrative transaction and does not necessarily indicate a change in insider sentiment. It reduces the insider’s outstanding share count only to cover tax obligations rather than representing a market sale.