James Hippel Power - 19 Dec 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
Issuer symbol
TECH
Transactions as of
19 Dec 2023
Net transactions value
-$1,073,974
Form type
4
Filing time
21 Dec 2023, 16:06:11 UTC
Previous filing
03 Nov 2023
Next filing
25 Jul 2024
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 $1,478,254 +47,289 +82% $31.26 104,850 19 Dec 2023 Direct
transaction TECH Common Stock Tax liability $2,552,228 -32,966 -31% $77.42 71,884 19 Dec 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 -47,289 -25% $0.000000 141,867 19 Dec 2023 Common Stock 47,289 $31.26 Direct F1
holding TECH Stock Options (Right to Buy) 168,620 19 Dec 2023 Common Stock 168,620 $44.33 Direct F1
holding TECH Stock Options (Right to Buy) 186,068 19 Dec 2023 Common Stock 186,068 $47.60 Direct F1
holding TECH Stock Options (Right to Buy) 90,740 19 Dec 2023 Common Stock 90,740 $66.97 Direct F1
holding TECH Stock Options (Right to Buy) 76,588 19 Dec 2023 Common Stock 76,588 $66.97 Direct F2
holding TECH Restricted Stock Units 7,780 19 Dec 2023 Common Stock 7,780 Direct F3, F4
holding TECH Stock Options (Right to Buy) 30,400 19 Dec 2023 Common Stock 30,400 $120.46 Direct F4
holding TECH Stock Options (Right to Buy) 40,536 19 Dec 2023 Common Stock 40,536 $120.46 Direct F5
holding TECH Restricted Stock Units 10,912 19 Dec 2023 Common Stock 10,912 Direct F3, F6
holding TECH Stock Options (Right to Buy) 33,916 19 Dec 2023 Common Stock 33,916 $94.52 Direct F6
holding TECH Stock Options (Right to Buy) 45,220 19 Dec 2023 Common Stock 45,220 $94.52 Direct F7
holding TECH Restricted Stock Units 13,865 19 Dec 2023 Common Stock 13,865 Direct F3, F8
holding TECH Stock Options (Right to Buy) 37,314 19 Dec 2023 Common Stock 37,314 $84.61 Direct F8
holding TECH Stock Options (Right to Buy) 45,923 19 Dec 2023 Common Stock 45,923 $84.61 Direct F9
holding TECH Restricted Stock Units 26,318 19 Dec 2023 Common Stock 26,318 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.