Twist Bioscience (TWST) COO sells 4,160 shares in tax-related transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp President and COO Patrick John Finn reported a mandated sale of 4,160 shares of common stock. The shares were sold on May 21, 2026 at an average price of $53.257 per share to cover tax withholding obligations from vesting Restricted Stock Units.
According to the disclosure, this was a required "sell to cover" transaction under the company’s equity incentive plans and did not represent a discretionary trade by Finn. After the sale, he directly held 274,804 shares of Twist Bioscience common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,160 shares ($221,549)
Net Sell
1 txn
Insider
Finn Patrick John
Role
President and COO
Sold
4,160 shs ($222K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,160 | $53.257 | $222K |
Holdings After Transaction:
Common Stock — 274,804 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,160 shares
Sale price: $53.257 per share
Shares held after transaction: 274,804 shares
3 metrics
Shares sold
4,160 shares
Open-market sale on May 21, 2026
Sale price
$53.257 per share
Average price for shares sold
Shares held after transaction
274,804 shares
Direct ownership following sale
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans
3 terms
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.
sell to cover financial
"funded by a "sell to cover" transaction and do not represent"
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.
equity incentive plans financial
"the Issuer's election under its equity incentive plans to require"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
What insider transaction did Twist Bioscience (TWST) report for Patrick John Finn?
Twist Bioscience reported that President and COO Patrick John Finn sold 4,160 shares of common stock. The sale was to cover tax withholding obligations tied to vesting Restricted Stock Units and was executed under a mandated sell-to-cover arrangement, not as a discretionary trade.
What triggered the sell-to-cover transaction for Twist Bioscience (TWST) insider Patrick John Finn?
The sell-to-cover transaction was triggered by the vesting of Finn’s Restricted Stock Units. To satisfy associated tax withholding obligations, Twist Bioscience’s equity incentive plans required selling 4,160 shares, as described in the footnote, rather than Finn choosing to sell shares voluntarily.