Bio-Techne (TECH) Form 4 BIO-TECHNE / William Geist ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Geist William

(Last) (First) (Middle)

614 MCKINLEY PL NE

(Street)

MINNEAPOLIS MN 55413

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BIO-TECHNE Corp [ TECH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
PRESIDENT, PROTEIN SCIENCES

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								9,960(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)							(3)	(3)	Common Stock	3,360		3,360	D
Stock Options (Right to Buy)	$100.39							(3)	02/01/2029	Common Stock	11,936		11,936	D
Stock Options (Right to Buy)	$100.39							(4)	02/01/2029	Common Stock	15,912		15,912	D
Restricted Stock Units	(2)							(5)	(5)	Common Stock	7,140		7,140	D
Stock Options (Right to Buy)	$94.52							(5)	08/15/2029	Common Stock	22,200		22,200	D
Stock Options (Right to Buy)	$94.52							(6)	08/15/2029	Common Stock	29,600		29,600	D
Restricted Stock Units	(2)							(7)	(7)	Common Stock	8,377		8,377	D
Stock Options (Right to Buy)	$84.61							(7)	08/15/2030	Common Stock	22,544		22,544	D
Stock Options (Right to Buy)	$84.61							(8)	08/15/2030	Common Stock	30,059		30,059	D
Restricted Stock Units	(2)	11/01/2023		A		19,857		(9)	(9)	Common Stock	19,857	$0	19,857	D

Explanation of Responses:

1. Includes 6,640 shares of restricted stock for which the risk of forfeiture will lapse as to 3,320 shares on each of 2/1/2024 and 2/1/2025.

2. Each restricted stock unit represents a contingent right to receive one share of Bio-Techne common stock.

3. 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).

4. Options to purchase 3,980 shares vest on each of 2/1/2023 and 2/1/2024 and options to purchase 3,976 shares vest on each of 2/1/2025 and 2/1/2026.

5. 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).

6. Options to purchase 7,400 shares vest on each of 8/15/2023, 8/15/2024, 8/15/2025 and 8/15/2026.

7. 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).

8. Options to purchase 7,515 shares vest on each of 8/15/2024, 8/15/2025, 8/15/2027, and 7,514 shares vest on 8/15/2026.

9. 9,929 restricted stock units vest on 11/1/2024 and 9,928 restricted stock units vest on 11/1/2025.

	/s/ Andrew Nick as Attorney-in-Fact for William Geist pursuant to Power of Attorney previously filed	11/03/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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