Charles R. Kummeth - Jun 7, 2023 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
Chief Executive Officer, Director
Signature
/s/ Andrew Nick, as Attorney-in-Fact pursuant to Power of Attorney previously filed.
Stock symbol
TECH
Transactions as of
Jun 7, 2023
Transactions value $
-$26,726
Form type
4
Date filed
6/9/2023, 04:07 PM
Previous filing
May 22, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Sale -$26.7K -322 -0.03% $83.00 1.11M Jun 7, 2023 Direct F1
holding TECH Common Stock 400 Jun 7, 2023 By Step-Son
holding TECH Common Stock 400 Jun 7, 2023 By Step-Daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TECH Stock Options (Right to Buy) 617K Jun 7, 2023 Common Stock 617K $26.65 Direct F2
holding TECH Stock Options (Right to Buy) 779K Jun 7, 2023 Common Stock 779K $31.26 Direct F2
holding TECH Stock Options (Right to Buy) 361K Jun 7, 2023 Common Stock 361K $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 241K Jun 7, 2023 Common Stock 241K $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 343K Jun 7, 2023 Common Stock 343K $47.60 Direct F2
holding TECH Restricted Stock Units 52.9K Jun 7, 2023 Common Stock 52.9K Direct F3, F4
holding TECH Stock Options (Right to Buy) 229K Jun 7, 2023 Common Stock 229K $47.60 Direct F5
holding TECH Restricted Stock Units 51.5K Jun 7, 2023 Common Stock 51.5K Direct F3, F6
holding TECH Stock Options (Right to Buy) 300K Jun 7, 2023 Common Stock 300K $66.97 Direct F6
holding TECH Stock Options (Right to Buy) 153K Jun 7, 2023 Common Stock 153K $66.97 Direct F7
holding TECH Stock Options (Right to Buy) 66.6K Jun 7, 2023 Common Stock 66.6K $66.97 Direct F8
holding TECH Stock Options (Right to Buy) 66.6K Jun 7, 2023 Common Stock 66.6K $66.97 Direct F9
holding TECH Restricted Stock Units 32.1K Jun 7, 2023 Common Stock 32.1K Direct F3, F10
holding TECH Stock Options (Right to Buy) 125K Jun 7, 2023 Common Stock 125K $120.46 Direct F10
holding TECH Stock Options (Right to Buy) 83.5K Jun 7, 2023 Common Stock 83.5K $120.46 Direct F11
holding TECH Stock Options (Right to Buy) 1.2M Jun 7, 2023 Common Stock 1.2M $94.52 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 11,448 shares of restricted stock for which the risk of forfeiture will lapse on August 5, 2023; and (ii) 14,248 shares of restricted stock for which the risk of forfeiture will lapse as to 7,128 shares on each of August 6, 2023 and August 6, 2024.
F2 Fully exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
F4 17,632 shares vest on each of 8/15/2023 and 8/15/2025, and 17,636 shares vest on 8/15/2024.
F5 Options to purchase 57,152 shares vest on each of 8/7/2020 and 8/7/2021 and options to purchase 57,148 shares vest on each of 8/7/2022 and 8/7/2023.
F6 Vests in full or in part on 8/5/2023 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F7 Options to purchase 38,292 shares vest on 8/5/21 and options to purchase 38,296 shares vest on each of 8/5/22, 8/5/23 and 8/5/24.
F8 Vests in full on the date performance of certain product revenue goals during the period of fiscal 2021-2023 is certified by the Administrator, in no event earlier than 8/5/2021.
F9 Options to purchase 22,200 shares vest on each of 8/5/21, 8/5/22 and 8/5/23.
F10 Vests in full or in part on 8/6/2024 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F11 Options to purchase 20,876 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.
F12 600,000 options vest in full or in part on 7/1/2023 if certain performance goals are achieved (or such later date as performance is certified by the Administrator), and 600,000 options vest in full or in part on 7/1/2024 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).