[Form 4] Twist Bioscience Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp President and COO Patrick John Finn reported an open-market sale of 4,294 shares of common stock at an average price of $46.7098 per share. The transaction was a mandated “sell to cover” to satisfy tax withholding tied to vesting restricted stock units, not a discretionary trade. After this sale, Finn directly owns 284,129 Twist Bioscience shares, which includes shares acquired through the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,294 shares ($200,572)
Net Sell
1 txn
Insider
Finn Patrick John
Role
President and COO
Sold
4,294 shs ($201K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,294 | $46.7098 | $201K |
Holdings After Transaction:
Common Stock — 284,129 shares (Direct)
Footnotes (1)
- 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. Includes shares that were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
FAQ
What did Twist Bioscience (TWST) President and COO Patrick John Finn report in this Form 4?
Patrick John Finn reported selling 4,294 shares of Twist Bioscience common stock. The sale was an automatic “sell to cover” transaction used to satisfy tax withholding obligations from vesting restricted stock units, rather than a discretionary decision to reduce his investment position.
Was Patrick John Finn’s Twist Bioscience (TWST) stock sale a discretionary trade?
The reported stock sale was not a discretionary trade by Patrick John Finn. It was a required “sell to cover” transaction under Twist Bioscience’s equity incentive plans, executed solely to fund tax withholding obligations triggered by restricted stock unit vesting.