Form 4: Twist Bioscience Corp: Officer Cho Sells Shares to Cover Tax Obligations
SEC Filing
Dennis Cho, a Senior Vice President at Twist Bioscience Corp, sold 95 shares of common stock on June 14, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On June 14, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp, sold 95 shares of common stock.
- The sale was executed at a price of $51.0359 per share.
- The transaction was to cover tax withholding obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Cho directly owns 80,065 shares of Twist Bioscience Corp.
- Judy Yan, as Attorney-in-Fact for Dennis Cho, signed the Form 4 on June 18, 2024.
- Dennis Cho has granted Judy Yan power of attorney to execute Forms 3, 4, and 5 on his behalf in accordance with Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain any information that would significantly shift sentiment positively or negatively.
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.
Key Dates
| Date | Description |
|---|---|
| 2024-06-12 | Date of Power of Attorney execution. |
| 2024-06-14 | Date of the stock sale transaction. |
| 2024-06-18 | Date the Form 4 was signed. |
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