Tax-withholding share sale by Twist Bioscience (TWST) HR executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp SVP of Human Resources Paula Green reported a small mandated share sale tied to tax withholding. She sold 884 shares of common stock at an average price of $69.8442 per share to cover taxes due on vesting Restricted Stock Units, under a required “sell to cover” election in the company’s equity incentive plans. After this non-discretionary transaction, she directly holds 120,705 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 884 shares ($61,742)
Net Sell
1 txn
Insider
Green Paula
Role
SVP of Human Resources
Sold
884 shs ($62K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 884 | $69.8442 | $62K |
Holdings After Transaction:
Common Stock — 120,705 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 884 shares
Average sale price: $69.8442 per share
Shares held after transaction: 120,705 shares
+1 more
4 metrics
Shares sold
884 shares
Open-market sale on 2026-06-08
Average sale price
$69.8442 per share
Tax-withholding sell-to-cover
Shares held after transaction
120,705 shares
Direct ownership following Form 4 sale
Net buy/sell shares
-884 shares
Net-sell direction in transaction summary
Key Terms
Restricted Stock Units, tax withholding obligations, sell to cover, equity incentive plans
4 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.
tax withholding obligations financial
"shares required to be sold ... to cover tax withholding obligations"
sell to cover financial
"funded by a "sell to cover" transaction and do not represent discretionary trades"
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
"mandated by the Issuer's election under its equity incentive plans"
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 Paula Green?
Twist Bioscience reported that SVP of Human Resources Paula Green sold 884 common shares. The sale was an automatic “sell to cover” transaction to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units under the company’s equity incentive plans.
What is a “sell to cover” transaction in the Twist Bioscience (TWST) filing?
A “sell to cover” transaction automatically sells enough shares to pay required tax withholding when Restricted Stock Units vest. In this case, Twist Bioscience’s equity incentive plans mandate that tax obligations be satisfied through such sales rather than separate cash payments.