James Hippel - Dec 19, 2023 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role
CFO
Signature
/s/ Andrew Nick as Attorney-in-Fact for James Hippel pursuant to Power of Attorney previously filed
Stock symbol
TECH
Transactions as of
Dec 19, 2023
Transactions value $
-$1,073,974
Form type
4
Date filed
12/21/2023, 04:06 PM
Previous filing
Nov 3, 2023
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TECH Common Stock Options Exercise $1.48M +47.3K +82.15% $31.26 105K Dec 19, 2023 Direct
transaction TECH Common Stock Tax liability -$2.55M -33K -31.44% $77.42 71.9K Dec 19, 2023 Direct

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 Stock Options (Right to Buy) Options Exercise $0 -47.3K -25% $0.00 142K Dec 19, 2023 Common Stock 47.3K $31.26 Direct F1
holding TECH Stock Options (Right to Buy) 169K Dec 19, 2023 Common Stock 169K $44.33 Direct F1
holding TECH Stock Options (Right to Buy) 186K Dec 19, 2023 Common Stock 186K $47.60 Direct F1
holding TECH Stock Options (Right to Buy) 90.7K Dec 19, 2023 Common Stock 90.7K $66.97 Direct F1
holding TECH Stock Options (Right to Buy) 76.6K Dec 19, 2023 Common Stock 76.6K $66.97 Direct F2
holding TECH Restricted Stock Units 7.78K Dec 19, 2023 Common Stock 7.78K Direct F3, F4
holding TECH Stock Options (Right to Buy) 30.4K Dec 19, 2023 Common Stock 30.4K $120.46 Direct F4
holding TECH Stock Options (Right to Buy) 40.5K Dec 19, 2023 Common Stock 40.5K $120.46 Direct F5
holding TECH Restricted Stock Units 10.9K Dec 19, 2023 Common Stock 10.9K Direct F3, F6
holding TECH Stock Options (Right to Buy) 33.9K Dec 19, 2023 Common Stock 33.9K $94.52 Direct F6
holding TECH Stock Options (Right to Buy) 45.2K Dec 19, 2023 Common Stock 45.2K $94.52 Direct F7
holding TECH Restricted Stock Units 13.9K Dec 19, 2023 Common Stock 13.9K Direct F3, F8
holding TECH Stock Options (Right to Buy) 37.3K Dec 19, 2023 Common Stock 37.3K $84.61 Direct F8
holding TECH Stock Options (Right to Buy) 45.9K Dec 19, 2023 Common Stock 45.9K $84.61 Direct F9
holding TECH Restricted Stock Units 26.3K Dec 19, 2023 Common Stock 26.3K Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully exercisable.
F2 Options to purchase 57,440 shares are vested. Options to purchase 19,148 shares vest on 8/5/2024.
F3 Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
F4 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).
F5 Options to purchase 20,268 shares are vested. Options to purchase 10,136 shares vest on 8/6/2024 and options to purchase 10,134 shares vest on 8/6/2025.
F6 Vests in full or in part on 8/15/2025 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F7 Options to purchase 11,304 shares are vested. Options to purchase 11,304 shares vest on each of 8/15/2025 and 8/15/2026 and options to purchase 11,308 shares vest on 8/15/2024.
F8 Vests in full or in part on 8/15/2026 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F9 Options to purchase 11,481 shares vest on each of 8/15/2024, 8/15/2025 and 8/15/2027, and options to purchase 11,480 shares vest on 8/15/2026.
F10 13,159 restricted stock units vest on each of 11/1/2024 and 11/1/2025.