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

Dennis Cho, a Senior Vice President at Twist Bioscience, sold 275 shares of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units.

Summary

• On September 6, 2024, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp, sold 275 shares of common stock.
• The sale was executed at a price of $39.161 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 78,721 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: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees.

Key Dates