Form 4: Twist Bioscience Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
William Banyai, a Senior Vice President at Twist Bioscience, sold 327 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.
Summary
- On April 2, 2024, William Banyai, Senior Vice President of Advanced Development and General Manager of Data Storage at Twist Bioscience Corp, sold 327 shares of common stock.
- The sale was executed at a price of $32.736 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
- Following the transaction, Banyai directly owns 345,986 shares of Twist Bioscience Corp.
- The sale was mandated by Twist Bioscience'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 related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the transaction (sale of shares). |
| 04/04/2024 | Date of signature for the Form 4 filing. |
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