Twist Bioscience (NASDAQ: TWST) CFO sells 3,000 shares via 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp’s Chief Financial Officer, Adam Laponis, reported an open-market sale of 3,000 shares of common stock at $55.00 per share. The transaction was made under a previously adopted Rule 10b5-1 trading plan. Following this sale, he continues to hold 122,694 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,000 shares ($165,000)
Net Sell
1 txn
Insider
Laponis Adam
Role
Chief Financial Officer
Sold
3,000 shs ($165K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $55.00 | $165K |
Holdings After Transaction:
Common Stock — 122,694 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 3,000 shares
Sale price: $55.00 per share
Shares held after transaction: 122,694 shares
+1 more
4 metrics
Shares sold
3,000 shares
Open-market sale of common stock
Sale price
$55.00 per share
Price for the 3,000 sold shares
Shares held after transaction
122,694 shares
Direct holdings after sale by CFO
Transaction type
Open-market sale (Code S)
Non-derivative common stock transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4, Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported on this Form 4 is effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The transaction reported on this Form 4 is effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Chief Financial Officer financial
"officer_title: Chief Financial Officer"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What insider transaction did Twist Bioscience (TWST) report in this Form 4?
Twist Bioscience reported that CFO Adam Laponis sold 3,000 shares of common stock at $55.00 per share. This was an open-market transaction and he continued to hold 122,694 shares directly after the sale.
Was the Twist Bioscience (TWST) CFO’s sale part of a Rule 10b5-1 plan?
Yes. The footnote explains the transaction was effected under a previously adopted Rule 10b5-1 trading plan. Such plans pre-schedule trades, providing a structured framework for insider transactions independent of day-to-day market conditions.