Twist Bioscience (NASDAQ: TWST) COO sells shares in tax-withholding trade
Rhea-AI Filing Summary
Twist Bioscience Corp (TWST) reported that President and COO Patrick John Finn sold 4,046 shares of common stock on 2026-08-21 at a price of $139.066 per share. According to the company’s equity incentive plan, this was a mandatory “sell to cover” transaction to satisfy tax withholding on vested Restricted Stock Units, not a discretionary trade. After this sale, Finn directly held 210,802 shares, including shares previously acquired under Twist Bioscience’s Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c).
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Insights
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Insider Trade Summary
Net Seller: 4,046 shares
Net Sell
1 txn
Insider
Finn Patrick John
Role
President and COO
Sold
4,046 shs ($563K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 4,046 | $139.066 | $563K |
Holdings After Transaction:
Common Stock — 210,802 shares (Direct)
Footnotes (2)
- 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.
- F2. 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).
Key Figures
Shares sold: 4,046 shares
Sale price per share: $139.066 per share
Shares held after transaction: 210,802 shares
3 metrics
Shares sold
4,046 shares
Common Stock sold on 2026-08-21 to cover tax withholding
Sale price per share
$139.066 per share
Price for the 4,046 shares sold on 2026-08-21
Shares held after transaction
210,802 shares
Direct common stock holdings of Patrick John Finn following the sale
Key Terms
Restricted Stock Units, sell to cover, Employee Stock Purchase Plan, Rule 16b-3(d), +1 more
5 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.
Employee Stock Purchase Plan financial
"shares that were acquired under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
What insider transaction did TWST report for Patrick John Finn?
Twist Bioscience Corp reported that President and COO Patrick John Finn sold 4,046 shares of common stock on 2026-08-21 at $139.066 per share to cover tax withholding on vesting Restricted Stock Units as a mandated “sell to cover” transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
