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

Dennis Cho, a Twist Bioscience executive, sold 272 shares of common stock on March 6, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 6, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp, sold 272 shares of common stock.
• The sale was executed at a price of $37.43 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of restricted stock units and wasn't a discretionary trade.
• Following the transaction, Cho directly owns 81,456 shares of Twist Bioscience Corp.
• Some of these shares were acquired under the Issuer's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often related to compensation and tax obligations. Monitoring these transactions can provide insights into executive sentiment and company performance.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it's a small transaction related to tax obligations.

Key Dates