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Ginkgo Bioworks | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Jason Kelly(5.0%)

SEC announcement ·  Feb 15 06:09
Summary by Futu AI
On February 14, 2024, Ginkgo Bioworks Holdings, Inc. reported an amendment to the Schedule 13D filing by Jason Kelly, indicating a change in his ownership stake. The amendment, which is the third of its kind following previous filings, reflects a decrease in Kelly's percentage of Class A Common Stock ownership due to 'sell-to-cover' transactions to meet tax withholding obligations and sales under Rule 10b5-1 compliant plans. As of the amendment date, Kelly beneficially owns 85,752,333 shares, representing 5.0% of the company's Class A Common Stock, a reduction from his prior holdings. This includes both Class A and Class B shares, with the latter convertible to Class A on a one-to-one basis. The filing also marks an exit for Kelly as he ceases to be the beneficial owner of more than five percent of Ginkgo Bioworks' outstanding Class A shares. The transactions leading to this amendment occurred between December 20, 2023, and January 4, 2024, with sales executed through open market transactions at varying prices.
On February 14, 2024, Ginkgo Bioworks Holdings, Inc. reported an amendment to the Schedule 13D filing by Jason Kelly, indicating a change in his ownership stake. The amendment, which is the third of its kind following previous filings, reflects a decrease in Kelly's percentage of Class A Common Stock ownership due to 'sell-to-cover' transactions to meet tax withholding obligations and sales under Rule 10b5-1 compliant plans. As of the amendment date, Kelly beneficially owns 85,752,333 shares, representing 5.0% of the company's Class A Common Stock, a reduction from his prior holdings. This includes both Class A and Class B shares, with the latter convertible to Class A on a one-to-one basis. The filing also marks an exit for Kelly as he ceases to be the beneficial owner of more than five percent of Ginkgo Bioworks' outstanding Class A shares. The transactions leading to this amendment occurred between December 20, 2023, and January 4, 2024, with sales executed through open market transactions at varying prices.
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