=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-07-29
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: BIO-TECHNE Corp (TECH)
CIK: 0000842023
--- Reporting Owner ---
Name: Hippel James
CIK: 0001603594
Role: Officer (CFO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-07-29 | Code: M (Exercise of derivative)
Shares: +62,068 | Price: $47.60
Total Value: $2,954,436.80
Shares Owned After: 215,738 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-07-29 | Code: F (Payment of exercise/tax)
Shares: -51,024 | Price: $72.03
Total Value: $3,675,258.72
Shares Owned After: 164,714 | Ownership: D (Direct)
--- Derivative Transactions ---
[Transaction #1]
Security: Stock Options (Right to Buy)
Date: 2026-07-29 | Code: M (Exercise of derivative)
Shares: -62,068 | Price: $0.00
Exercisable: N/A | Expires: 2026-08-07
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F1] Fully exercisable.
--- Holdings ---
[Holding #1]
Security: Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F1] Fully exercisable.
[Holding #2]
Security: Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F1] Fully exercisable.
[Holding #3]
Security: Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F3] Options to purchase 11,305 shares vest on each of 8/15/2023, 8/15/2024, 8/15/2025 and 8/15/2026.
[Holding #4]
Security: Performance Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
[F4] 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).
[F4] 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).
[Holding #5]
Security: Performance Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F4] 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).
[Holding #6]
Security: Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F5] Options to purchase 11,481 shares vest on each of 8/15/2024, 8/15/2025 and 8/15/2027, and options to purchase 11,480 shares vest on 8/15/2026.
[Holding #7]
Security: Performance Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
[F6] Vests in full or in part on 8/15/2027 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
[F6] Vests in full or in part on 8/15/2027 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
[Holding #8]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
[F7] 4,010 restricted stock units vest on 8/15/2026; and 4,011 restricted stock units vest on 8/15/2027.
[F7] 4,010 restricted stock units vest on 8/15/2026; and 4,011 restricted stock units vest on 8/15/2027.
[Holding #9]
Security: Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F8] Options to purchase 8,104 shares vest on each of 8/15/2025, 8/15/2026 and 8/15/2027, and options to purchase 8,105 shares vest on 8/15/2028.
[Holding #10]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
[F9] 11,545 restricted stock units vest on 11/1/2026; and 11,544 restricted stock units vest on 11/1/2027.
[F9] 11,545 restricted stock units vest on 11/1/2026; and 11,544 restricted stock units vest on 11/1/2027.
[Holding #11]
Security: Performance Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
[F10] Vests in full or in part on 8/15/2028 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
[F10] Vests in full or in part on 8/15/2028 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
[Holding #12]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F2] Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
[F11] 4,903 restricted stock units vest on each of 8/15/2026 and 8/15/2027, and 4,904 restricted stock units vest on 8/15/2028.
[F11] 4,903 restricted stock units vest on each of 8/15/2026 and 8/15/2027, and 4,904 restricted stock units vest on 8/15/2028.
[Holding #13]
Security: Stock Options (Right to Buy)
Ownership: D (Direct)
Footnotes:
[F12] Options to purchase 12,544 shares vest on each of 8/15/2026, 8/15/2027 and 8/15/2028.
--- Footnotes (Complete Index) ---
F1: Fully exercisable.
F10: Vests in full or in part on 8/15/2028 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F11: 4,903 restricted stock units vest on each of 8/15/2026 and 8/15/2027, and 4,904 restricted stock units vest on 8/15/2028.
F12: Options to purchase 12,544 shares vest on each of 8/15/2026, 8/15/2027 and 8/15/2028.
F2: Each restricted stock unit represents a contingent right to receive one share of Bio-Techne Corporation common stock.
F3: Options to purchase 11,305 shares vest on each of 8/15/2023, 8/15/2024, 8/15/2025 and 8/15/2026.
F4: 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).
F5: Options to purchase 11,481 shares vest on each of 8/15/2024, 8/15/2025 and 8/15/2027, and options to purchase 11,480 shares vest on 8/15/2026.
F6: Vests in full or in part on 8/15/2027 if certain performance goals are achieved (or such later date as performance is certified by the Administrator).
F7: 4,010 restricted stock units vest on 8/15/2026; and 4,011 restricted stock units vest on 8/15/2027.
F8: Options to purchase 8,104 shares vest on each of 8/15/2025, 8/15/2026 and 8/15/2027, and options to purchase 8,105 shares vest on 8/15/2028.
F9: 11,545 restricted stock units vest on 11/1/2026; and 11,544 restricted stock units vest on 11/1/2027.
--- Signature ---
/s/ /s/ Andrew Nick as Attorney-in-Fact for James Hippel pursuant to Power of Attorney previously filed (2026-07-31)