Form 4: Twist Bioscience COO Sells Shares to Cover Tax Obligations

Patrick John Finn, President and COO of Twist Bioscience, sold 2,207 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On July 23, 2024, Patrick John Finn, the President and COO of Twist Bioscience Corp, sold 2,207 shares of common stock.
• The sale was executed at a price of $56.625 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Finn directly owns 171,212 shares of Twist Bioscience Corp.
• The sale was mandated by the issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a 'sell to cover' transaction.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates