Form 4: Twist Bioscience Executive Robert F. Werner Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert F. Werner, Chief Accounting Officer of Twist Bioscience Corp, sold shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On February 21, 2025, Robert F. Werner, the Chief Accounting Officer of Twist Bioscience Corp, sold 267 shares of common stock at a price of $44.177 per share.
- On February 24, 2025, Werner sold an additional 916 shares of common stock at a price of $41.713 per share.
- These sales were mandated by Twist Bioscience's equity incentive plans to cover tax withholding obligations and do not represent discretionary trades by Werner.
- Following these transactions, Werner beneficially owns 51,675 shares of Twist Bioscience Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the stock sales are related to tax obligations and not necessarily indicative of the executive's view of the company's future prospects.
Industry Context
Executive stock sales to cover tax obligations are a common practice and generally don't indicate a negative outlook for the company.
Stakeholder Impact
- The stock sales may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Robert F. Werner sold 267 shares of common stock at $44.177 per share. |
| 02/24/2025 | Robert F. Werner sold 916 shares of common stock at $41.713 per share. |
| 02/25/2025 | Date of signature by Attorney-in-Fact for Robert F. Werner. |
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