Kim Kelderman - 07 Aug 2022 Form 4 Insider Report for BIO-TECHNE Corp (TECH)

Role: Pres. Diagnostics & Genom
Signature: /s/ Brenda S. Furlow as Attorney-in-Fact for Kim Kelderman pursuant to Power of Attorney previously filed.
Issuer symbol: TECH
Transactions as of: 07 Aug 2022
Net transactions value: -$464,926
Form type: 4
Filing time: 09 Aug 2022, 19:00:47 UTC
Previous filing: 10 Feb 2022
Next filing: 17 Aug 2022
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	+2,363	+119%	$0.000000	4,352	07 Aug 2022	Direct
transaction	TECH	Common Stock	Tax liability	$464,926	-1,214	-28%	$382.97	3,138	07 Aug 2022	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	Restricted Stock Units	Options Exercise	$0	-2,363	-100%	$0.000000^*	0	07 Aug 2022	Common Stock	2,363		Direct	F2, F3
holding	TECH	Stock Option (Right to Buy)						7,511	07 Aug 2022	Common Stock	7,511	$150.78	Direct	F1
holding	TECH	Stock Option (Right to Buy)						12,044	07 Aug 2022	Common Stock	12,044	$177.32	Direct	F1
holding	TECH	Stock Option (Right to Buy)						9,033	07 Aug 2022	Common Stock	9,033	$177.32	Direct	F1
holding	TECH	Stock Option (Right to Buy)						11,961	07 Aug 2022	Common Stock	11,961	$190.41	Direct	F1
holding	TECH	Stock Option (Right to Buy)						15,948	07 Aug 2022	Common Stock	15,948	$190.41	Direct	F4
holding	TECH	Restricted Stock Units						2,015	07 Aug 2022	Common Stock	2,015		Direct	F2, F5
holding	TECH	Stock Option (Right to Buy)						8,991	07 Aug 2022	Common Stock	8,991	$267.87	Direct	F5
holding	TECH	Stock Option (Right to Buy)						11,988	07 Aug 2022	Common Stock	11,988	$267.87	Direct	F6
holding	TECH	Stock Option (Right to Buy)						8,325	07 Aug 2022	Common Stock	8,325	$267.87	Direct	F7
holding	TECH	Stock Option (Right to Buy)						8,325	07 Aug 2022	Common Stock	8,325	$267.87	Direct	F8
holding	TECH	Restricted Stock Units						1,245	07 Aug 2022	Common Stock	1,245		Direct	F2, F9
holding	TECH	Stock Option (Right to Buy)						6,486	07 Aug 2022	Common stock	6,486	$481.82	Direct	F10
holding	TECH	Stock Option (Right to Buy)						4,864	07 Aug 2022	Common Stock	4,864	$481.82	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Fully exercisable.
F2	Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.
F3	On 8/7/2022, the Board of Directors certified vesting of 2,363 performance RSUs.
F4	Options to purchase 3,987 shares vest on each of 8/7/2020, 8/7/2021, 8/7/2022 and 8/7/2023.
F5	Vests in full or in part on 8/5/2023 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F6	Options to purchase 2,997 shares vest on each of 8/5/2021, 8/5/2022, 8/5/2023 and 8/5/2024.
F7	Options to purchase 2,775 shares vest on each of 8/5/2021, 8/5/2022 and 8/5/2023.
F8	Vests in full on the date performance of certain product revenue goals during the period of fiscal 2021-2023 is certified by the Administrator, in no event earlier than 8/5/2021.
F9	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).
F10	Options to purchase 1,621 shares vest on each of 8/6/2022 and 8/6/2023 and options to purchase 1,622 shares vest on each of 8/6/2024 and 8/6/2025.