Twist Bioscience (NASDAQ: TWST) COO sells 2,888 shares for tax withholding
Rhea-AI Filing Summary
Twist Bioscience Corp President and COO Patrick John Finn reported a mandated sale of 2,888 shares of common stock on August 3, 2026 at an average price of $85.3212 per share to cover tax withholding from vesting Restricted Stock Units. These shares were sold under a required “sell to cover” election and are not discretionary trades. After this transaction, he directly holds 269,678 shares of common stock.
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Insights
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Insider Trade Summary
Net Seller: 2,888 shares
Net Sell
1 txn
Insider
Finn Patrick John
Role
President and COO
Sold
2,888 shs ($246K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,888 | $85.3212 | $246K |
Holdings After Transaction:
Common Stock — 269,678 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: 2,888 shares
Sale price: $85.3212 per share
Shares held after transaction: 269,678 shares
3 metrics
Shares sold
2,888 shares
Common stock sold on August 3, 2026 to cover tax withholding from RSU vesting
Sale price
$85.3212 per share
Average price for the 2,888 shares sold in the sell-to-cover transaction
Shares held after transaction
269,678 shares
Directly owned Twist Bioscience common stock after the reported sale
Key Terms
Restricted Stock Units, tax withholding obligations, sell to cover, equity incentive plans
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.
tax withholding obligations financial
"sold by the Reporting Person to cover tax withholding obligations"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TWST executive Patrick John Finn report?
Patrick John Finn reported a sale of 2,888 shares of Twist Bioscience common stock on August 3, 2026. The shares were sold to cover tax withholding triggered by the vesting of Restricted Stock Units (RSUs).
Was the TWST insider sale part of a discretionary trading plan?
The transaction is described as mandated to satisfy tax withholding via a “sell to cover” under Twist Bioscience’s equity incentive plans. The footnote specifies that these sales do not represent discretionary trades by the reporting person.