Tax-driven share sale by Twist Bioscience (TWST) director Robert Chess
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience director Robert Chess reported a small tax-related share sale. On February 13, 2026, 2,184 shares of Twist Bioscience common stock were sold at $48.261 per share to cover tax liabilities arising from the vesting of restricted stock units, pursuant to a prior election rather than a discretionary trade. Following this transaction, Chess directly held 21,084 common shares. He also indirectly held 42,528 common shares through the Chess 1997 Trust, where he and his spouse serve as the sole trustees and beneficiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,184 shares ($105,402)
Net Sell
2 txns
Insider
CHESS ROBERT
Role
Director
Sold
2,184 shs ($105K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,184 | $48.261 | $105K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,084 shares (Direct);
Common Stock — 42,528 shares (Indirect, By the Chess 1997 Trust)
Footnotes (1)
- Represents the number of shares sold by the Reporting Person to cover tax liability in connection with the vesting of Restricted Stock Units. This "sell to cover" transaction was made pursuant to a prior election by the Reporting Person and does not represent a discretionary trade by the Reporting Person. The Reporting Person and his spouse are the sole trustees and the sole beneficiaries of the Chess 1997 Trust.
FAQ
What insider transaction did Twist Bioscience (TWST) director Robert Chess report?
Robert Chess reported a sale of 2,184 Twist Bioscience common shares. The shares were sold on February 13, 2026 at $48.261 per share to cover tax liabilities from vesting restricted stock units under a prior election.
What is the Chess 1997 Trust mentioned in the Twist Bioscience (TWST) Form 4?
The Chess 1997 Trust is an entity holding Twist Bioscience shares for Robert Chess and his spouse. They are the sole trustees and sole beneficiaries of the trust, which holds 42,528 common shares indirectly attributed in the Form 4.