Form 4: Twist Bioscience CEO Emily Leproust Sells Shares to Cover Tax Obligations
SEC Form 4
Emily Leproust, CEO of Twist Bioscience, sold 5,200 shares of common stock on February 3, 2025, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On February 3, 2025, Emily M. Leproust, CEO of Twist Bioscience, sold 5,200 shares of common stock at a price of $49.352 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 667,318 shares of Twist Bioscience common stock.
- Leproust also holds various employee stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports a stock sale for tax purposes, which is a routine transaction.
Industry Context
This is a routine Form 4 filing related to insider stock transactions. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 12/19/2022 | Performance stock options vested and became exercisable. |
| 02/03/2025 | Emily Leproust sold 5,200 shares of Twist Bioscience common stock. |
| 02/05/2025 | Date of signature for the Form 4 filing. |
| 09/28/2025 | Expiration date for employee stock options with an exercise price of $5.95. |
| 09/28/2027 | Expiration date for employee stock options with an exercise price of $8.82. |
| 11/18/2028 | Expiration date for employee stock options with an exercise price of $26.66. |
| 10/23/2029 | Expiration date for employee stock options with an exercise price of $23.33. |
| 08/31/2030 | Expiration date for employee stock options with an exercise price of $67.85. |
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