Form 4: Twist Bioscience Corp: Officer Robert F. Werner Reports Sale of Shares to Cover Tax Obligations

Robert F. Werner, Chief Accounting Officer of Twist Bioscience Corp, reports the sale of 813 shares of common stock on August 23, 2024, to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On August 23, 2024, Robert F. Werner, the Chief Accounting Officer of Twist Bioscience Corp, sold 813 shares of common stock.
• The sale was executed at a price of $43.142 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Werner directly owns 38,964 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: Neutral sentiment as the filing relates to a routine transaction for tax purposes.

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

This is a routine Form 4 filing, common for corporate officers who sell shares to cover tax obligations related to equity compensation.

Key Dates