Twist Bioscience (TWST) legal chief’s tax sale on RSU vesting
Rhea-AI Filing Summary
Twist Bioscience Corp (TWST) reported an insider transaction by Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary. On 2026-08-21, he sold 1,598 shares of common stock at $139.066 per share. A footnote states these shares were sold under a mandated "sell to cover" arrangement to satisfy tax withholding obligations upon vesting of Restricted Stock Units, and are not discretionary trades. Following this transaction, Cho directly held 74,063 shares of Twist Bioscience common stock.
Positive
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Negative
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Insider Trade Summary
Net Seller: 1,598 shares
Net Sell
1 txn
Insider
Cho Dennis
Role
See Remarks
Sold
1,598 shs ($222K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,598 | $139.066 | $222K |
Holdings After Transaction:
Common Stock — 74,063 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: 1,598 shares of Common Stock
Sale price per share: $139.066 per share
Shares owned after transaction: 74,063 shares of Common Stock
+1 more
4 metrics
Shares sold
1,598 shares of Common Stock
Sale on 2026-08-21 to cover tax withholding obligations
Sale price per share
$139.066 per share
Price for the 1,598-share sale on 2026-08-21
Shares owned after transaction
74,063 shares of Common Stock
Direct holdings reported following the sale
Net insider share change
1,598 shares sold (net-sell)
transactionSummary netBuySellShares for this Form 4
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
"shares required to be sold ... 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.
FAQ
What insider transaction did TWST report for Dennis Cho?
Twist Bioscience reported that Dennis Cho sold 1,598 shares of common stock on 2026-08-21 at $139.066 per share. The company states the sale was to cover tax withholding obligations related to vesting Restricted Stock Units under its equity incentive plans.
Was the Dennis Cho sale of TWST stock a discretionary trade?
No. A footnote explains the 1,598 shares were sold to cover tax withholding obligations from Restricted Stock Unit vesting under a mandated "sell to cover" election in Twist Bioscience’s equity incentive plans and does not represent a discretionary trade by Dennis Cho.
What price was received in the reported TWST insider sale?
The reported sale by Dennis Cho of 1,598 TWST shares on 2026-08-21 was executed at a price of $139.066 per share, characterized as a sale in an open market or private transaction, and linked to tax withholding for RSU vesting.
Is the reported TWST insider sale under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is not marked as being pursuant to a trading plan, and the footnote instead attributes the sale to a mandated "sell to cover" transaction for tax withholding on Restricted Stock Unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
