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. The withholding was executed on 2026-07-07 at a reported per-share value of $27.79, totaling about $8,142. This is an administrative tax-withholding disposition (code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-07-07; price used for withholding: $27.79 per share.
• Shares withheld/disposed: 293; reported value ≈ $8,142.
• Footnote: F1 — shares were withheld by the issuer to satisfy tax withholding upon RSU release.
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing date: 2026-07-13 (filed six days after the transaction), which appears later than the usual two-business-day Form 4 filing requirement.

Context
Tax-withholding by the issuer on RSU vesting is a routine administrative action (commonly called a cashless or share-withholding settlement) and does not necessarily indicate insider sentiment about the stock. The transaction code F denotes withholding for tax obligations rather than an attempted market sale by the insider.