Tax-related share sale by Twist Bioscience (TWST) accounting chief disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp’s Chief Accounting Officer, Robert F. Werner, reported a small mandated share sale linked to equity compensation. On this Form 4, he disposed of 246 shares of common stock at $46.426 per share on March 6, 2026, and held 54,799 shares afterward.
According to the footnote, the sale was required to cover tax withholding obligations from vesting Restricted Stock Units under the company’s equity plans. The transaction was executed as a “sell to cover” event and is characterized as non-discretionary rather than an elective open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 246 shares ($11,421)
Net Sell
1 txn
Insider
WERNER ROBERT F.
Role
Chief Accounting Officer
Sold
246 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 246 | $46.426 | $11K |
Holdings After Transaction:
Common Stock — 54,799 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Twist Bioscience (TWST) report on this Form 4?
Twist Bioscience reported that Chief Accounting Officer Robert F. Werner disposed of 246 shares of common stock on March 6, 2026. The shares were sold at $46.426 each in a mandated sell-to-cover transaction tied to Restricted Stock Unit vesting and related tax obligations.
What type of compensation event triggered the Twist Bioscience (TWST) insider sale?
The transaction was triggered by the vesting of Restricted Stock Units granted under Twist Bioscience’s equity incentive plans. When the RSUs vested, a portion of shares had to be sold automatically to satisfy tax withholding obligations, resulting in the reported sell-to-cover share disposition.