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Ginkgo Bioworks | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Reshma Shetty(10.5%),Bartholomew Canton(10.5%)

SEC announcement ·  Feb 15 06:11
Summary by Futu AI
On February 14, 2024, Ginkgo Bioworks Holdings, Inc. reported an amendment to their Schedule 13D filing with the SEC, indicating changes in the ownership stakes held by reporting persons Reshma Shetty and Bartholomew Canton. The amendment, which is the third since the original filing, reflects a decrease in the percentage of Class A Common Stock beneficially owned by Shetty and Canton, now standing at 10.5% of the class, or 188,643,922 shares each. This change is attributed to 'sell-to-cover' transactions to fund tax withholding obligations, sales under Rule 10b5-1 sales plans, and a charitable donation of shares. The reporting also includes an update on the number of shares outstanding, with the Issuer's Class A Common Stock totaling 1,639,885,251 shares as of December 31, 2023. The filing details...Show More
On February 14, 2024, Ginkgo Bioworks Holdings, Inc. reported an amendment to their Schedule 13D filing with the SEC, indicating changes in the ownership stakes held by reporting persons Reshma Shetty and Bartholomew Canton. The amendment, which is the third since the original filing, reflects a decrease in the percentage of Class A Common Stock beneficially owned by Shetty and Canton, now standing at 10.5% of the class, or 188,643,922 shares each. This change is attributed to 'sell-to-cover' transactions to fund tax withholding obligations, sales under Rule 10b5-1 sales plans, and a charitable donation of shares. The reporting also includes an update on the number of shares outstanding, with the Issuer's Class A Common Stock totaling 1,639,885,251 shares as of December 31, 2023. The filing details the various trusts and entities through which Shetty and Canton hold shares and notes their shared beneficial ownership due to their marital status. Recent transactions by Shetty and Canton were also disclosed, with sales of Class A Common Stock through open market brokerage transactions at weighted average prices of $1.737 and $1.795 per share, respectively.

This announcement is a separate document:

Doc 1

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