Michael Robert Sestrick - Feb 21, 2024 Form 4 Insider Report for BALCHEM CORP (BCPC)

Role
SVP & Chief Technology Officer
Signature
/s/ Travis Larsen, Attorney in Fact for Michael Robert Sestrick
Stock symbol
BCPC
Transactions as of
Feb 21, 2024
Transactions value $
-$828,614
Form type
4
Date filed
2/23/2024, 04:41 PM
Previous filing
Feb 13, 2024
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCPC Common Stock Options Exercise $300K +3.9K +57.9% $76.89 10.6K Feb 21, 2024 Direct F1
transaction BCPC Common Stock Options Exercise $261K +3.5K +32.91% $74.57 14.1K Feb 21, 2024 Direct F1
transaction BCPC Common Stock Options Exercise $311K +3.7K +26.17% $84.09 17.8K Feb 21, 2024 Direct F1
transaction BCPC Common Stock Sale -$1.7M -11.1K -62.23% $153.21 6.74K Feb 21, 2024 Direct F2

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 BCPC Stock Options (right to buy) Options Exercise $0 -3.9K -100% $0.00* 0 Feb 21, 2024 Common Stock 3.9K $76.89 Direct F3
transaction BCPC Stock Options (right to buy) Options Exercise $0 -3.5K -100% $0.00* 0 Feb 21, 2024 Common Stock 3.5K $74.57 Direct F4
transaction BCPC Stock Options (right to buy) Options Exercise $0 -3.7K -100% $0.00* 0 Feb 21, 2024 Common Stock 3.7K $84.09 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of fully vested non-qualified stock options.
F2 This transaction was executed in multiple sales ranging from $152.7200 to $153.6600 per share, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or any security holder of the issuer full information regarding the number of shares and prices at which the transactions were affected regarding this footnote.
F3 Stock options that vested 20% on April 18, 2018, 40% on April 18, 2019, and 40% on April 18, 2020, and are exercisable.
F4 Stock options that vested 20% on February 15, 2019, 40% on February 15, 2020, and 40% on February 15, 2021, and are exercisable.
F5 Stock options that vested 20% on February 13, 2020, 40% on February 13, 2021, and 40% on February 13, 2022, and are exercisable.