Twist Bioscience (TWST) HR chief’s share sale is tax-driven
Rhea-AI Filing Summary
Twist Bioscience Corp (TWST) reported that officer Paula Green, SVP of Human Resources, had 1,360 shares of common stock sold on 2026-08-21 at $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 vesting RSUs, not a discretionary trade. After this tax-related sale, Green directly holds 117,921 shares of Twist Bioscience common stock.
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Insider Trade Summary
Net Seller: 1,360 shares
Net Sell
1 txn
Insider
Green Paula
Role
SVP of Human Resources
Sold
1,360 shs ($189K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,360 | $139.066 | $189K |
Holdings After Transaction:
Common Stock — 117,921 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: 1,360 shares of Common Stock
Sale price per share: $139.066 per share
Shares held after transaction: 117,921 shares
3 metrics
Shares sold
1,360 shares of Common Stock
Tax-related sale on 2026-08-21 to cover withholding on vesting RSUs
Sale price per share
$139.066 per share
Price for the 1,360 shares sold on 2026-08-21
Shares held after transaction
117,921 shares
Direct holdings of Paula Green following the reported sale
Key Terms
sell to cover, Restricted Stock Units, equity incentive plans
3 terms
sell to cover financial
"require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction"
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.
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.
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 TWST disclose for Paula Green?
Twist Bioscience disclosed that Paula Green had 1,360 shares of common stock sold on 2026-08-21 at $139.066 per share. The sale was to cover tax withholding obligations from vested Restricted Stock Units under the company’s equity incentive plans.
Was Paula Green’s TWST stock sale a discretionary trade?
No. The filing states the sale was mandated by Twist Bioscience’s equity incentive plans as a “sell to cover” transaction to fund tax withholding on vesting RSUs and does not represent discretionary trades by Paula Green.
AI-generated analysis. How Rhea-AI works. Not financial advice.