Twist Bioscience CAO sells 238 shares for taxes
Twist Bioscience’s chief accounting officer executed a small, mandatory share sale to cover taxes tied to vesting RSUs.
Rhea-AI Filing Summary
Twist Bioscience Corp (TWST) reported that Chief Accounting Officer Robert F. Werner sold 238 shares of common stock on September 8, 2026, at $122.624 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 the sale, Werner held 44,399 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 238 shares
Net Sell
1 txn
Insider
WERNER ROBERT F.
Role
Chief Accounting Officer
Sold
238 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 238 | $122.624 | $29K |
Holdings After Transaction:
Common Stock — 44,399 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: 238 shares
Sale price per share: $122.624 per share
Shares owned after transaction: 44,399 shares
+1 more
4 metrics
Shares sold
238 shares
Common stock sold on September 8, 2026 in a tax-related transaction
Sale price per share
$122.624 per share
Price for the 238 shares sold on September 8, 2026
Shares owned after transaction
44,399 shares
Direct holdings of Robert F. Werner following the sale
Net shares sold in filing
238 shares
Net sell volume across all reported transactions in this Form 4
Key Terms
Restricted Stock Units, tax withholding obligations, sell to cover
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.
tax withholding obligations financial
"to cover tax withholding obligations in connection with the vesting"
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.
FAQ
What insider transaction did TWST disclose in this Form 4?
Twist Bioscience disclosed that Chief Accounting Officer Robert F. Werner sold 238 shares of common stock on September 8, 2026, at $122.624 per share, in a transaction flagged as a mandatory tax “sell to cover” related to vesting RSUs.
Was the TWST insider sale by the Chief Accounting Officer discretionary?
No. The filing states the 238-share sale was mandated under Twist Bioscience’s equity incentive plans as a “sell to cover” transaction to fund tax withholding obligations from vesting Restricted Stock Units, and it does not represent discretionary trading by the officer.
Does the TWST Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirming trading plan, and the footnote characterizes the transaction instead as a mandatory tax-related “sell to cover” under Twist Bioscience’s equity incentive plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.