Twist Bioscience legal chief sells 412 shares
Twist Bioscience’s chief legal officer sold shares only to cover tax withholding on RSU vesting, retaining over seventy-three thousand shares.
Rhea-AI Filing Summary
Twist Bioscience Corp (TWST) reported that Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary, sold 412 shares of common stock on September 8, 2026 at $122.62 per share. According to the company’s disclosure, these shares were sold solely to cover tax withholding upon vesting of Restricted Stock Units, and were not discretionary trades. After this transaction, Cho directly held 73,651 shares of Twist Bioscience common stock. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
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Negative
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Insider Trade Summary
Net Seller: 412 shares
Net Sell
1 txn
Insider
Cho Dennis
Role
See Remarks
Sold
412 shs ($51K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 412 | $122.624 | $51K |
Holdings After Transaction:
Common Stock — 73,651 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
Shares sold: 412 shares
Sale price per share: $122.62 per share
Shares held after transaction: 73,651 shares
3 metrics
Shares sold
412 shares
Common stock sold on September 8, 2026 to cover tax withholding
Sale price per share
$122.62 per share
Price for the 412 shares of common stock sold on September 8, 2026
Shares held after transaction
73,651 shares
Direct holdings of Dennis Cho after the September 8, 2026 sale
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans
3 terms
Restricted Stock Units financial
"tax withholding obligations 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 Dennis Cho?
Twist Bioscience reported that Dennis Cho sold 412 shares of common stock on September 8, 2026 at $122.62 per share. The company states the sale was required to cover tax withholding on vested RSUs under its equity incentive plans.
Was the Dennis Cho sale in TWST stock a discretionary trade?
No. The company states the 412 shares were sold to satisfy tax withholding obligations related to vesting Restricted Stock Units and describes these as mandated “sell to cover” transactions rather than discretionary trades by Dennis Cho.
Was Dennis Cho’s September 2026 TWST trade under a Rule 10b5-1 plan?
No. The company’s filing indicates the Rule 10b5-1 checkbox was not selected, and there is no statement that the September 8, 2026 sale was made under a Rule 10b5-1 trading plan.
What role does Dennis Cho hold at Twist Bioscience (TWST)?
Dennis Cho serves as Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience, as stated in the company’s disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.