DE GREEF RODERICK 4
Research Summary
AI-generated summary
BioLife (BLFS) CEO Roderick De Greef Withholds 2,775 Shares for Taxes
What Happened
Roderick De Greef, President, CEO and a director of BioLife Solutions, had 2,775 shares withheld by the company to satisfy tax withholding obligations arising from the release of restricted stock units. The withholding was recorded as a disposition at $26.04 per share, for a total value of approximately $72,261. This was a tax-withholding event (not an open-market sale).
Key Details
- Transaction date: 2026-06-18; filing date (Form 4): 2026-06-22.
- Price per share: $26.04; shares withheld/disposed: 2,775; value ~ $72,261.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnote: F1 — shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations upon release of RSUs.
- Filing timeliness: filing date listed; no late-filing flag provided in the supplied data.
Context
This is a routine tax-withholding transaction tied to RSU vesting. The company retained shares to cover taxes rather than the insider selling shares on the open market, so it is not a direct signal of buying or selling intent. For investors tracking insider activity, withholdings for taxes are common and generally neutral compared with open-market sales or purchases.