Twist Bioscience legal chief sells 348 shares
The sale covered tax withholding obligations tied to vested Restricted Stock Units and was required under the issuer’s equity-plan election.
Rhea-AI Filing Summary
Twist Bioscience Corp (TWST) Senior Vice President, Chief Legal Officer & Corporate Secretary Dennis Cho sold 348 shares of common stock on September 21, 2026, at $165.4910 per share. The sale covered tax withholding obligations related to vesting of Restricted Stock Units and was required under the issuer’s equity-plan election, rather than a discretionary trade. Cho reported 73,303 shares held directly after the sale. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 348 shares
Net Sell
1 txn
Insider
Cho Dennis
Role
See Remarks
Sold
348 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 348 | $165.491 | $58K |
Holdings After Transaction:
Common Stock — 73,303 shares (Direct)
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 Restricted Stock Units. 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.
Key Figures
Common shares sold: 348 shares
Sale price per share: $165.4910 per share
Shares held directly after sale: 73,303 shares
3 metrics
Common shares sold
348 shares
September 21, 2026
Sale price per share
$165.4910 per share
September 21, 2026
Shares held directly after sale
73,303 shares
After the September 21, 2026 sale
Key Terms
sell to cover, Restricted Stock Units, tax withholding obligations
3 terms
sell to cover financial
"funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
Restricted Stock Units financial
"in connection with the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares required to be sold to cover tax withholding obligations"
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