Twist Bioscience (NASDAQ: TWST) CAO sell-to-cover RSU tax shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp’s Chief Accounting Officer Robert F. Werner reported a small, mandated share sale tied to equity compensation taxes. On May 4, 2026, he sold 164 shares of common stock at $57.1488 per share to cover tax withholding from vesting Restricted Stock Units.
The company’s equity incentive plan requires these “sell-to-cover” transactions, and the footnote states they are not discretionary trades by Werner. After this tax-related sale, he directly owns 54,635 shares of Twist Bioscience common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 164 shares ($9,372)
Net Sell
1 txn
Insider
WERNER ROBERT F.
Role
Chief Accounting Officer
Sold
164 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 164 | $57.1488 | $9K |
Holdings After Transaction:
Common Stock — 54,635 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 164 shares
Sale price per share: $57.1488 per share
Shares owned after transaction: 54,635 shares
+1 more
4 metrics
Shares sold
164 shares
Open-market coded sale on May 4, 2026 for tax withholding
Sale price per share
$57.1488 per share
Price for the 164 Twist Bioscience common shares sold
Shares owned after transaction
54,635 shares
Direct Twist Bioscience common stock holdings after sell-to-cover
Transaction code
Code S
Classified as open-market or private sale, with tax footnote
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans, open-market sale
4 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.
equity incentive plans financial
"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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Twist Bioscience (TWST) report for Robert F. Werner?
Twist Bioscience reported that Chief Accounting Officer Robert F. Werner sold 164 shares of common stock. The sale occurred at $57.1488 per share and was linked to tax withholding for vesting Restricted Stock Units under the company’s equity incentive plan.
What was the purpose of the CAO’s sell-to-cover transaction at Twist Bioscience (TWST)?
The purpose was to satisfy tax withholding obligations arising from vesting Restricted Stock Units. Twist Bioscience’s equity incentive plans require these obligations be funded through a sell-to-cover transaction, and the filing clarifies this sale does not represent a discretionary trade by the CAO.