TWST insider sold 23,747 shares at $32.187; holds 208,735
Insider sale to cover taxes: The Form 4 shows that Patrick John Finn, President and COO of Twist Bioscience Corp (TWST), had 23,747 shares of common stock sold on 10/06/2025 at $32.187 per share.
Rhea-AI Filing Summary
Insider sale to cover taxes: The Form 4 shows that Patrick John Finn, President and COO of Twist Bioscience Corp (TWST), had 23,747 shares of common stock sold on 10/06/2025 at $32.187 per share. The filing states these sales were mandatory "sell to cover" transactions to meet tax‑withholding obligations tied to vested Performance Stock Units (PSUs) and were not discretionary trades. After the transaction, the reporting person beneficially owned 208,735 shares. The sale was reported on 10/08/2025 and signed by an attorney‑in‑fact.
Positive
- Transaction was non-discretionary and executed to satisfy tax withholding from vested PSUs
- Reporting shows substantial retained ownership with 208,735 shares remaining after the sale
Negative
- Insider sold 23,747 shares, which modestly reduces immediate insider-held shares
Insights
Mandatory sell-to-cover tax sale reduced holdings by 23,747 shares.
The reported disposition on 10/06/2025 reflects a non-discretionary sale tied to tax withholding for vested PSUs, not an open-market diversification decision. The transaction price was $32.187 and the filing notes the company requires "sell to cover" under its equity plans.
Key near-term items to watch include any future PSU vesting schedules and additional Form 4 filings that would show discretionary sales or further mandatory withholdings; those would modify insider ownership trends over the next vesting cycles.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 23,747 | $32.187 | $764K |
Footnotes (1)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of Performance Stock Units ("PSUs"). These 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.
FAQ
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