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

Robert F. Werner, Chief Accounting Officer of Twist Bioscience, sold 240 shares of common stock to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• Robert F. Werner, the Chief Accounting Officer of Twist Bioscience, sold 240 shares of common stock on September 6, 2024.
• The sale was executed at a price of $39.161 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of Restricted Stock Units.
• Following the transaction, Werner directly owns 38,724 shares of Twist Bioscience stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Management Comments

• The sales are 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.

Industry Context

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

Key Dates