Form 4: Twist Bioscience Executive Dennis Cho Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dennis Cho, a Twist Bioscience executive, sold 1,811 shares of common stock on November 6, 2024, to cover tax obligations related to vesting Performance Stock Units.
Summary
- On November 6, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp, sold 1,811 shares of common stock.
- The sale was executed at a price of $44.605 per share.
- The transaction was to satisfy tax withholding obligations related to the vesting of Performance Stock Units (PSUs).
- Following the transaction, Cho directly owns 92,670 shares of Twist Bioscience Corp.
- The tax withholding is exempt from Section 16(b) pursuant to Rule 16b-3(e).
Sentiment
Score: 5
Explanation: The document reports a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales to cover tax obligations upon vesting of equity compensation are a common practice.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of stock sale transaction |
| 11/08/2024 | Date of Form 4 filing |
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