Form 4: Twist Bioscience Corp Executive Robert F. Werner Sells Shares to Cover Tax Obligations

Robert F. Werner, Chief Accounting Officer of Twist Bioscience Corp, sold 3,361 shares of common stock on May 23, 2024, to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On May 23, 2024, Robert F. Werner, the Chief Accounting Officer of Twist Bioscience Corp, sold 3,361 shares of the company's common stock.
• The shares were sold at a price of $42.322 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Werner directly owns 40,187 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 and do not represent discretionary trades by the Reporting Person.

Sentiment

Score: 6

Explanation: The document reports a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. The sentiment is neutral.

Management Comments

• The sales are 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 and do not represent discretionary trades by the Reporting Person.

Industry Context

Executive stock sales to cover tax obligations are a common practice and generally don't indicate a negative outlook for the company.

Key Dates