Twist Bioscience (TWST) CFO sells shares for tax withholding in Form 4 filing
Rhea-AI Filing Summary
Twist Bioscience Corp's Chief Financial Officer, Adam Laponis, reported an automatic sale of common stock to cover taxes related to equity compensation. On January 9, 2026, he sold 2,738 shares of common stock at a price of $35.261 per share. According to the disclosure, these shares were sold to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units under the company's equity incentive plans and were executed as mandatory "sell to cover" transactions rather than discretionary trades. After this sale, Laponis directly beneficially owned 140,031 shares of Twist Bioscience common stock.
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FAQ
What insider transaction did Twist Bioscience (TWST) report for its CFO?
Twist Bioscience reported that its Chief Financial Officer, Adam Laponis, sold 2,738 shares of common stock on January 9, 2026, in a transaction disclosed on Form 4.
At what price were the Twist Bioscience (TWST) shares sold by the CFO?
The 2,738 shares of Twist Bioscience common stock were sold at a price of $35.261 per share.
Why did the Twist Bioscience CFO sell 2,738 shares according to the Form 4?
The Form 4 states that the 2,738 shares were sold to cover tax withholding obligations arising from the vesting of Restricted Stock Units, under a mandated "sell to cover" election in the company’s equity incentive plans.
Were the Twist Bioscience CFO’s reported share sales discretionary trades?
No. The filing explains that the sales were mandated by the issuer’s election to fund tax withholding via a "sell to cover" transaction and do not represent discretionary trades by the CFO.
How many Twist Bioscience (TWST) shares does the CFO own after the reported transaction?
After the reported sale, Chief Financial Officer Adam Laponis directly beneficially owned 140,031 shares of Twist Bioscience common stock.
What is the reporting person’s role at Twist Bioscience in this Form 4?
The reporting person, Adam Laponis, is identified as an officer of Twist Bioscience, serving as the company’s Chief Financial Officer.