Berard Todd 4

What Happened
Todd Berard, Chief Marketing Officer of BioLife Solutions Inc. (BLFS), had 470 shares withheld by the company on June 18, 2026 to satisfy tax withholding obligations tied to the release of restricted stock units (RSUs). The withholding was recorded at $26.04 per share, totaling approximately $12,239. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-18
• Transaction type/code: Tax withholding upon RSU release (F)
• Shares withheld/disposed: 470 shares at $26.04 per share — $12,239 total
• Footnote: Represents shares withheld by the issuer to satisfy tax withholding obligations that arose upon release of RSUs (per filing footnote F1)
• Filing date: 2026-06-22 — filed within the standard two-business-day Form 4 window for a 6/18 transaction (timely)
• Shares owned after transaction: Not specified in the provided filing excerpt

Context
Withholding shares to cover taxes on vesting RSUs is a routine administrative action and does not reflect an open-market sale or a directional bet by the executive. Such dispositions are common and generally not interpreted as a negative signal about company prospects. Purchases and open-market sales by insiders tend to be more informative about sentiment than tax-withholding transactions.