Charles R. Kummeth - 05 Aug 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.
Issuer symbol
TECH
Transactions as of
05 Aug 2023
Net transactions value
-$2,626,318
Form type
4
Filing time
08 Aug 2023, 17:31:05 UTC
Previous filing
25 Jul 2023
Next filing
11 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $0 +51,516 +4.1% $0.000000 1,310,282 05 Aug 2023 Direct F1
transaction TECH Common Stock Tax liability $2,626,318 -31,962 -2.4% $82.17 1,278,320 05 Aug 2023 Direct F1
holding TECH Common Stock 400 05 Aug 2023 By Step-Son
holding TECH Common Stock 400 05 Aug 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
transaction TECH Restricted Stock Units Options Exercise $0 -51,516 -100% $0.000000* 0 05 Aug 2023 Common Stock 51,516 Direct F3, F4
holding TECH Stock Options (Right to Buy) 779,084 05 Aug 2023 Common Stock 779,084 $31.26 Direct F2
holding TECH Stock Options (Right to Buy) 361,336 05 Aug 2023 Common Stock 361,336 $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 240,888 05 Aug 2023 Common Stock 240,888 $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 342,900 05 Aug 2023 Common Stock 342,900 $47.60 Direct F2
holding TECH Stock Options (Right to Buy) 228,600 05 Aug 2023 Common Stock 228,600 $47.60 Direct F2
holding TECH Stock Options (Right to Buy) 66,600 05 Aug 2023 Common Stock 66,600 $66.97 Direct F2
holding TECH Stock Options (Right to Buy) 299,768 05 Aug 2023 Common Stock 299,768 $66.97 Direct F2
holding TECH Restricted Stock Units 52,900 05 Aug 2023 Common Stock 52,900 Direct F3, F5
holding TECH Stock Options (Right to Buy) 153,180 05 Aug 2023 Common Stock 153,180 $66.97 Direct F6
holding TECH Restricted Stock Units 32,064 05 Aug 2023 Common Stock 32,064 Direct F3, F7
holding TECH Stock Options (Right to Buy) 125,260 05 Aug 2023 Common Stock 125,260 $120.46 Direct F7
holding TECH Stock Options (Right to Buy) 83,504 05 Aug 2023 Common Stock 83,504 $120.46 Direct F8
holding TECH Stock Options (Right to Buy) 600,000 05 Aug 2023 Common Stock 600,000 $94.52 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7,128 shares of restricted stock for which the risk of forfeiture will lapse on 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 On 8/5/2023, the Board of Directors certified vesting of 51,516 performance RSUs.
F5 17,632 shares vest on each of 8/15/2023 and 8/15/2025, and 17,636 shares vest on 8/15/2024.
F6 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.
F7 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).
F8 Options to purchase 20,876 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.
F9 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).