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

Patrick John Finn, President and COO of Twist Bioscience Corp., sold shares to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On May 3, 2024, Patrick John Finn, the President and COO of Twist Bioscience Corp., sold 2,311 shares of common stock.
• The sale was executed at a price of $37.134 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Finn directly owns 173,895 shares of Twist Bioscience Corp.
• The sale was mandated by Twist Bioscience Corp.'s equity incentive plans, requiring tax withholding obligations to be funded by a 'sell to cover' transaction.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) by an officer, which is neither particularly positive nor negative.

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.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates