Form 4: Twist Bioscience CEO Emily Leproust Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Emily Leproust, CEO of Twist Bioscience, sold shares to cover tax withholding obligations related to vesting Restricted Stock Units on March 20, 2025.
Summary
- On March 20, 2025, Emily M. Leproust, CEO of Twist Bioscience, sold 1,726 shares of common stock at a price of $41.676 per share.
- The sale was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Leproust directly owns 660,966 shares of Twist Bioscience common stock.
- Leproust also holds various employee stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't provide any information that would significantly shift sentiment positively or negatively.
Industry Context
Sales to cover tax obligations are a routine part of equity compensation and are not necessarily indicative of a change in sentiment regarding the company's prospects.
Stakeholder Impact
- The sale of shares by the CEO could have a minor 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. |
| 03/20/2025 | Date of stock sale transaction. |
| 03/24/2025 | Date of Form 4 filing. |
| 09/28/2025 | Expiration date of employee stock option with exercise price of $5.95. |
| 09/28/2027 | Expiration date of employee stock option with exercise price of $8.82. |
| 11/18/2028 | Expiration date of employee stock option with exercise price of $26.66. |
| 10/23/2029 | Expiration date of employee stock option with exercise price of $23.33. |
| 08/31/2030 | Expiration date of employee stock option with exercise price of $67.85. |
Keywords
Twist Bioscience, Emily Leproust, stock sale, Form 4, tax withholding, restricted stock units, stock options, TWST
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