Form 4: Twist Bioscience Corp Executive Sells Shares to Cover Tax Obligations

Robert F. Werner, Chief Accounting Officer of Twist Bioscience Corp, sold 168 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On August 5, 2024, Robert F. Werner, the Chief Accounting Officer of Twist Bioscience Corp, sold 168 shares of common stock.
• The sale was executed at a price of $39.926 per share.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Werner directly owns 39,777 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 does not represent discretionary trades by the Reporting Person.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sell to cover taxes) and doesn't suggest any significant positive or negative sentiment regarding the company's performance or outlook.

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