Tax-cover sale by Twist Bioscience (NASDAQ: TWST) president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp’s President and COO Patrick John Finn reported an open-market sale of 2,321 shares of Common Stock at $60.761 per share. According to the footnote, these shares were sold solely to cover tax withholding triggered by vesting of Restricted Stock Units under the company’s equity plans and were not discretionary trades. After this transaction, he directly holds 281,808 shares of Twist Bioscience common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,321 shares ($141,026)
Net Sell
1 txn
Insider
Finn Patrick John
Role
President and COO
Sold
2,321 shs ($141K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,321 | $60.761 | $141K |
Holdings After Transaction:
Common Stock — 281,808 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares sold: 2,321 shares
Sale price: $60.761 per share
Post-transaction holdings: 281,808 shares
3 metrics
Shares sold
2,321 shares
Open-market sale on 2026-04-23
Sale price
$60.761 per share
Tax-related sale to cover withholding
Post-transaction holdings
281,808 shares
Direct ownership after sale
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans
3 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.
FAQ
What insider transaction did Twist Bioscience (TWST) report for Patrick John Finn?
Twist Bioscience reported that President and COO Patrick John Finn sold 2,321 shares of common stock at $60.761 per share. The filing states the sale was to cover tax withholding from vesting Restricted Stock Units, rather than a discretionary trade.
Does the Form 4 indicate that Patrick John Finn’s Twist Bioscience sale was discretionary?
No. The footnote explains the sale was mandated under Twist Bioscience’s equity incentive plans as a “sell to cover” for tax withholding on RSU vesting. It specifically states these transactions do not represent discretionary trades by the reporting person.