Charles R. Kummeth - 15 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
15 Aug 2023
Transactions value $
-$733,992
Form type
4
Filing time
17 Aug 2023, 16:14:54 UTC
Previous filing
11 Aug 2023
Next filing
20 Dec 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 +17.6K +1.39% $0.00 1.29M 15 Aug 2023 Direct F1
transaction TECH Common Stock Tax liability -$734K -8.68K -0.67% $84.61 1.28M 15 Aug 2023 Direct F1
holding TECH Common Stock 400 15 Aug 2023 By Step-Son
holding TECH Common Stock 400 15 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 Award $0 +59.1K $0.00 59.1K 15 Aug 2023 Common Stock 59.1K Direct F3, F9
holding TECH Stock Options (Right to Buy) 779K 15 Aug 2023 Common Stock 779K $31.26 Direct F2
holding TECH Stock Options (Right to Buy) 361K 15 Aug 2023 Common Stock 361K $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 241K 15 Aug 2023 Common Stock 241K $44.33 Direct F2
holding TECH Stock Options (Right to Buy) 343K 15 Aug 2023 Common Stock 343K $47.60 Direct F2
holding TECH Stock Options (Right to Buy) 229K 15 Aug 2023 Common Stock 229K $47.60 Direct F2
holding TECH Stock Options (Right to Buy) 66.6K 15 Aug 2023 Common Stock 66.6K $66.97 Direct F2
holding TECH Stock Options (Right to Buy) 300K 15 Aug 2023 Common Stock 300K $66.97 Direct F2
holding TECH Restricted Stock Units 35.3K 15 Aug 2023 Common Stock 52.9K Direct F3, F4
holding TECH Stock Options (Right to Buy) 153K 15 Aug 2023 Common Stock 153K $66.97 Direct F5
holding TECH Restricted Stock Units 32.1K 15 Aug 2023 Common Stock 32.1K Direct F3, F6
holding TECH Stock Options (Right to Buy) 125K 15 Aug 2023 Common Stock 125K $120.46 Direct F6
holding TECH Stock Options (Right to Buy) 83.5K 15 Aug 2023 Common Stock 83.5K $120.46 Direct F7
holding TECH Stock Options (Right to Buy) 600K 15 Aug 2023 Common Stock 600K $94.52 Direct F8
* 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 17,636 shares vest on 8/15/2024 and 17,632 shares vest on 8/15/2025.
F5 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.
F6 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).
F7 Options to purchase 20,876 shares vest on each of 8/6/2022, 8/6/2023, 8/6/2024 and 8/6/2025.
F8 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).
F9 19,698 shares vest on each of 8/15/2024 and 8/15/2026, and 19,699 shares vest on 8/15/2025.