Twist Bioscience (TWST) CFO tax-related sale of 2,085 shares disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp Chief Financial Officer Adam Laponis reported an open-market sale of 2,085 shares of common stock of Twist Bioscience. The shares were sold at a weighted average price of $46.7098 per share to cover tax withholding obligations tied to vesting Restricted Stock Units, under a mandated “sell to cover” arrangement rather than at his discretion.
After this tax-related transaction, Laponis beneficially owns 128,291 shares of common stock, which include shares acquired under the company’s Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,085 shares ($97,390)
Net Sell
1 txn
Insider
Laponis Adam
Role
Chief Financial Officer
Sold
2,085 shs ($97K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,085 | $46.7098 | $97K |
Holdings After Transaction:
Common Stock — 128,291 shares (Direct)
Footnotes (1)
- 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. Includes shares that were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
FAQ
What insider transaction did Twist Bioscience (TWST) report for Adam Laponis?
Twist Bioscience reported that CFO Adam Laponis sold 2,085 common shares. The sale was an open-market transaction linked to tax withholding obligations from Restricted Stock Unit vesting, rather than a discretionary decision to reduce his investment.
What role does the Employee Stock Purchase Plan play in the CFO’s Twist Bioscience (TWST) holdings?
The filing notes that the CFO’s 128,291-share beneficial ownership includes shares acquired through the Employee Stock Purchase Plan. These acquisitions were executed in transactions exempt from certain insider rules under Rule 16b-3(d) and Rule 16b-3(c).