Ginkgo Bioworks (DNA) CFO Steven Coen Sells Shares After RSU Vesting

What Happened

• Steven P. Coen, Chief Financial Officer of Ginkgo Bioworks (DNA), had restricted stock units (RSUs) convert into common shares and completed related sales. On July 16, 2026, 1,174 and 312 RSUs (total 1,486) converted to shares (reported as exercise/conversion of a derivative). Those same 1,486 shares were disposed the same day to satisfy tax withholding. On July 17, 2026, Coen sold 752 shares in an open-market transaction at $7.90 per share for proceeds of $5,943.
• The conversion/disposing of RSUs and the small open-market sale are routine insider actions rather than a large, discretionary sell-off.

Key Details

• Transaction dates and prices:
  • July 16, 2026: Conversion of 1,174 RSUs and 312 RSUs to common stock (codes: M — exercise/conversion of derivative). The conversion-produced shares were disposed the same day to cover taxes (no price listed for the sell-to-cover conversions).
  • July 17, 2026: Open-market sale of 752 shares at $7.90 per share, proceeds $5,943.
• Shares owned after the transaction: Not specified in this filing.
• Notable footnotes:
  • F1: Each RSU converts to one share of Class A common stock upon vesting.
  • F2: The July 16 disposals were "sell to cover" transactions to satisfy tax withholding obligations and are not discretionary trades.
  • F3/F4: Vesting schedules noted (one award vested 25% then monthly over 36 months; the other vested 2/48 then monthly over 46 months).
• Filing timing: Report filed July 20, 2026 for transactions dated July 16–17, 2026. Form 4 is generally due within two business days of a transaction, so this filing may have been submitted after the typical reporting window.

Context

• The July 16 activity reflects RSU vesting followed by automatic sell-to-cover for taxes; such sales are common and are not considered an independent signal of the insider’s view on the stock.
• The small open-market sale (752 shares, ~$6k) is a modest disposition and, by itself, is not a major indicator of sentiment.