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

Robert F. Werner, Chief Accounting Officer of Twist Bioscience Corp, sold 132 shares of common stock on May 3, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• Robert F. Werner, the Chief Accounting Officer of Twist Bioscience Corp, reported a transaction involving the sale of company stock.
• On May 3, 2024, Werner sold 132 shares of Twist Bioscience Corp common stock at a price of $37.134 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Werner directly owns 43,548 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: 5

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. This transaction appears routine and doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates