Form 4: Twist Bioscience Executive Sells Shares to Cover Tax Obligations

Dennis Cho, a Senior Vice President at Twist Bioscience, sold 709 shares of common stock on August 5, 2024, to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On August 5, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary at Twist Bioscience Corp, sold 709 shares of common stock.
• The sale was executed at a price of $39.926 per share.
• The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Cho directly owns 78,996 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 transaction is a routine sale to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.

Industry Context

Executive stock sales to cover tax obligations are a common practice and don't necessarily reflect a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates