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

Dennis Cho, a Twist Bioscience executive, sold 133 shares of common stock on December 16, 2024, to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On December 16, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp, sold 133 shares of common stock.
• The sale was executed at a price of $46.807 per share.
• This transaction was mandated by Twist Bioscience's equity incentive plans to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Cho directly owns 113,487 shares of Twist Bioscience common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't provide strong positive or negative signals about the company's overall health or future prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is not necessarily indicative of the executive's sentiment towards the company's future prospects.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates