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

Dennis Cho, a Senior Vice President at Twist Bioscience, sold 126 shares of common stock on July 2, 2024, at a price of $48.002 per share to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On July 2, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp, sold 126 shares of common stock.
• The sale was executed at a price of $48.002 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 79,705 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.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sell to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

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's future.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates