Form 4: Twist Bioscience CEO Emily Leproust Reports Stock Sale to Cover Tax Obligations
SEC Form 4
CEO Emily Leproust sold 1,487 shares of Twist Bioscience stock on March 6, 2024, to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On March 6, 2024, Emily M. Leproust, CEO of Twist Bioscience Corp, sold 1,487 shares of common stock at a price of $37.43 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Leproust directly owns 516,409 shares of Twist Bioscience.
- Leproust also holds various employee stock options with different exercise prices and expiration dates.
- These options include the right to buy common stock at prices ranging from $5.95 to $67.85.
- Some options are immediately exercisable, while others vest over time based on continued service.
- A portion of the options vested on December 19, 2022, due to the achievement of performance criteria.
Sentiment
Score: 6
Explanation: The document is neutral. It simply reports a stock sale for tax purposes, which is a routine transaction. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock sales are a common occurrence, often related to tax obligations or portfolio diversification. The sale itself doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 09/01/2016 | 25% of shares subject to $5.95 option vested |
| 09/28/2017 | 10% of shares subject to $8.82 option vested |
| 09/28/2018 | 15% of shares subject to $8.82 option vested |
| 10/31/2019 | 20% of shares subject to $26.66 option vested |
| 09/01/2020 | Performance stock options granted |
| 10/24/2020 | 25% of shares subject to $23.33 option vested |
| 12/19/2022 | Performance stock options vested |
| 03/06/2024 | Emily Leproust sold 1,487 shares of TWST |
| 03/08/2024 | Date of Form 4 filing |
| 09/28/2025 | Expiration date of $5.95 stock options |
| 09/28/2027 | Expiration date of $8.82 stock options |
| 11/18/2028 | Expiration date of $26.66 stock options |
| 10/23/2029 | Expiration date of $23.33 stock options |
| 08/31/2030 | Expiration date of $67.85 stock options |
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