Form 4: Twist Bioscience Corp Executive Dennis Cho Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dennis Cho, a Senior Vice President at Twist Bioscience Corp, sold 234 shares of common stock on June 20, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On June 20, 2024, Dennis Cho, a Senior Vice President at Twist Bioscience Corp, sold 234 shares of common stock.
- The sale was executed at a price of $49.41 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Dennis Cho beneficially owns 79,831 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: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of the stock sale transaction. |
| 06/24/2024 | Date of signature for the Form 4 filing. |
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