Form 4: Twist Bioscience CEO Emily Leproust Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO of Twist Bioscience, Emily Leproust, sold 1,654 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On December 20, 2024, Emily M. Leproust, CEO of Twist Bioscience, sold 1,654 shares of common stock at a price of $44.903 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 673,064 shares of Twist Bioscience common stock.
- Leproust also holds options to purchase Twist Bioscience common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation plans for executives at publicly traded companies.
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 |
|---|---|
| 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 |
| 10/24/2020 | 25% of shares subject to one employee stock option vested |
| 09/01/2020 | Performance stock options granted to the reporting person |
| 12/19/2022 | Performance stock options vested and became exercisable |
| 12/20/2024 | Emily Leproust sold 1,654 shares of Twist Bioscience common stock |
| 08/31/2030 | Expiration date of one employee stock option |
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