Twist Bioscience officer sells shares for tax cover
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.
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
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)
- 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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.