Form 4: Twist Bioscience CEO Emily Leproust Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Emily Leproust, CEO of Twist Bioscience, sold 1,114 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.
Summary
- On July 2, 2024, Emily M. Leproust, CEO of Twist Bioscience, sold 1,114 shares of Twist Bioscience Corp (TWST) common stock at a price of $48.002 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 504,732 shares of Twist Bioscience Corp.
- 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.
- These options represent the right to buy a total of 637,918 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This filing indicates that the CEO is selling shares to cover tax obligations, which is a common practice.
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. |
| 07/02/2024 | Emily Leproust sold 1,114 shares of TWST common stock. |
| 07/05/2024 | Date of Form 4 filing. |
| 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. |
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