Form 4: Twist Bioscience CEO Emily Leproust Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Emily Leproust, CEO of Twist Bioscience, sold 2,408 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On June 6, 2024, Emily M. Leproust, CEO of Twist Bioscience, sold 2,408 shares of common stock at a price of $51.329 per share.
- The sale was executed to cover tax withholding obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Leproust directly owns 507,578 shares of Twist Bioscience common stock.
- Leproust also holds various employee stock options with exercise prices ranging from $5.95 to $67.85, and expiration dates ranging from 2025 to 2030.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's valuation.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 09/01/2016 | 25% of shares subject to one employee stock option vested. |
| 09/28/2017 | 10% of shares subject to one employee stock option vested. |
| 09/28/2018 | 15% of shares subject to one employee stock option vested. |
| 10/31/2019 | 20% of shares subject to one employee stock option vested and became exercisable. |
| 09/01/2020 | Performance stock options granted to the reporting person. |
| 10/24/2020 | 25% of shares subject to one employee stock option vested. |
| 12/19/2022 | Performance stock options vested and became exercisable. |
| 06/06/2024 | Emily Leproust sold 2,408 shares of Twist Bioscience common stock. |
| 06/10/2024 | Date of Form 4 signature. |
| 09/28/2025 | Expiration date of one employee stock option. |
| 09/28/2027 | Expiration date of one employee stock option. |
| 11/18/2028 | Expiration date of one employee stock option. |
| 10/23/2029 | Expiration date of one employee stock option. |
| 08/31/2030 | Expiration date of one employee stock option. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.