Tax-driven share sale by Twist Bioscience (TWST) officer Dennis Cho disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp officer Dennis Cho reported a mandated sale of 354 shares of Common Stock at $43.7864 per share to cover tax withholding on vesting Restricted Stock Units. After this sell-to-cover transaction, Cho directly holds 137,903 Twist Bioscience shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 354 shares ($15,500)
Net Sell
1 txn
Insider
Cho Dennis
Role
See Remarks
Sold
354 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 354 | $43.7864 | $16K |
Holdings After Transaction:
Common Stock — 137,903 shares (Direct)
Footnotes (1)
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FAQ
What did Twist Bioscience (TWST) officer Dennis Cho report in this Form 4?
Dennis Cho reported selling 354 shares of Twist Bioscience Common Stock at $43.7864 per share. The transaction was a mandated sell-to-cover event for tax withholding tied to vesting Restricted Stock Units, not a discretionary open-market sale.
Does this Twist Bioscience (TWST) Form 4 indicate discretionary insider selling by Dennis Cho?
The Form 4 states the sale was mandated to cover tax withholding on vesting RSUs under the company’s equity incentive plans. Because it was a required “sell to cover” transaction, it does not represent a discretionary decision to reduce his investment exposure.