Twist Bioscience (TWST) CAO records tax-driven share sales and 500-share gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp's Chief Accounting Officer, Robert F. Werner, reported routine share movements in common stock. On June 8, 2026, he sold a total of 1,359 shares in two open-market transactions at prices of $69.07 and $69.8442 per share.
According to the disclosure, these sales were required to cover tax withholding obligations tied to vesting Restricted Stock Units under the company’s equity plans, and were not discretionary trades. Werner also made a bona fide gift of 500 shares to a charitable organization and continues to hold 47,954 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,359 shares ($94,046)
Net Sell
3 txns
Insider
WERNER ROBERT F.
Role
Chief Accounting Officer
Sold
1,359 shs ($94K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 232 | $69.8442 | $16K |
| Sale | Common Stock | 1,127 | $69.07 | $78K |
| Gift | Common Stock | 500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 47,954 shares (Direct, null)
Footnotes (1)
- 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. Represents a bona fide gift of shares to a charitable organization.
Key Figures
Tax-related sales: 1,359 shares
First sale tranche: 1,127 shares at $69.07
Second sale tranche: 232 shares at $69.8442
+2 more
5 metrics
Tax-related sales
1,359 shares
Total common shares sold on June 8, 2026 to cover tax withholding
First sale tranche
1,127 shares at $69.07
Open-market or private transaction on June 8, 2026
Second sale tranche
232 shares at $69.8442
Open-market or private transaction on June 8, 2026
Charitable gift
500 shares
Bona fide gift of common stock to a charitable organization
Post-transaction holdings
47,954 shares
Common shares directly held by Robert F. Werner after transactions
Key Terms
Restricted Stock Units, sell to cover, equity incentive plans, bona fide gift
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.
bona fide gift financial
"Represents a bona fide gift of shares to a charitable"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
FAQ
What insider transactions did Twist Bioscience (TWST) report for its Chief Accounting Officer?
Twist Bioscience’s Chief Accounting Officer Robert F. Werner reported selling 1,359 common shares and gifting 500 shares. The sales occurred on June 8, 2026, in two tranches and were linked to tax withholding on Restricted Stock Unit vesting.