Twist Bioscience (TWST) CFO sells 2,597 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp Chief Financial Officer Adam Laponis reported an open-market sale of 2,597 shares of common stock on April 9, 2026 at an average price of $49.889 per share. According to the disclosure, these shares were sold solely to cover tax withholding obligations tied to the vesting of Restricted Stock Units under the company’s equity incentive plans, and were not discretionary trades. After this transaction, Laponis directly holds 125,694 shares of Twist Bioscience common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,597 shares ($129,562)
Net Sell
1 txn
Insider
Laponis Adam
Role
Chief Financial Officer
Sold
2,597 shs ($130K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,597 | $49.889 | $130K |
Holdings After Transaction:
Common Stock — 125,694 shares (Direct)
Footnotes (1)
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Key Figures
Shares sold: 2,597 shares
Sale price: $49.889 per share
Shares held after transaction: 125,694 shares
3 metrics
Shares sold
2,597 shares
Open-market sale on April 9, 2026
Sale price
$49.889 per share
Average price for shares sold to cover taxes
Shares held after transaction
125,694 shares
Direct holdings of CFO Adam Laponis 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
"to be funded by a "sell to cover" transaction and do not"
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
"the 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 its CFO?
Twist Bioscience reported that CFO Adam Laponis sold 2,597 shares of common stock at $49.889 per share. The sale covered tax withholding obligations from Restricted Stock Unit vesting under the company’s equity incentive plans, rather than representing a discretionary market trade.
What type of security was involved in the Twist Bioscience CFO Form 4 filing?
The transaction involved common stock of Twist Bioscience Corp. The shares were sold to fund taxes associated with vesting Restricted Stock Units, which are equity awards granted under the company’s equity incentive plans and settle into common shares upon vesting.