Twist Bioscience (TWST) director exercises options and sells 12,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp director Jan Johannessen reported an option exercise and related share sale. Johannessen exercised employee stock options for 12,000 shares of common stock at $14.00 per share, increasing his holdings to 29,754 shares. On the same day, he completed an open-market sale of 12,000 common shares at an average price of $56.12 per share, leaving him with 17,754 shares held directly after the transactions. The options exercised had vested in stages over several years, subject to his continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,000 shares ($673,440)
Net Sell
3 txns
Insider
JOHANNESSEN JAN
Role
null
Sold
12,000 shs ($673K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 12,000 | $0.00 | -- |
| Exercise | Common Stock | 12,000 | $14.00 | $168K |
| Sale | Common Stock | 12,000 | $56.12 | $673K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 10,304 shares (Direct, null);
Common Stock — 29,754 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 12,000 shares
Sale price: $56.12 per share
Options exercised: 12,000 shares
+3 more
6 metrics
Shares sold
12,000 shares
Open-market sale of common stock
Sale price
$56.12 per share
Average price for 12,000 sold shares
Options exercised
12,000 shares
Employee stock option exercise
Option strike price
$14.00 per share
Exercise price for employee stock option
Shares after exercise
29,754 shares
Direct holdings after option exercise, before sale
Shares after sale
17,754 shares
Direct holdings after sale of 12,000 shares
Key Terms
open-market sale, Employee Stock Option (right to buy), Exercise or conversion of derivative security, Common Stock
4 terms
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.
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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.
FAQ
What insider transactions did Twist Bioscience (TWST) director Jan Johannessen report?
Jan Johannessen reported exercising options for 12,000 Twist Bioscience common shares and selling 12,000 shares in an open-market transaction. These moves reflect an exercise-and-sell pattern, combining a derivative exercise with a same-day disposition of the acquired stock.
What stock options did Jan Johannessen exercise in the latest Twist Bioscience (TWST) Form 4?
He exercised employee stock options covering 12,000 Twist Bioscience common shares at a strike price of $14.00 per share. The option grant vested in annual one-third increments, contingent on his continuous service through each specified vesting date.
What vesting terms applied to Jan Johannessen’s exercised Twist Bioscience (TWST) stock options?
The option grant vested in three equal tranches: one-third on October 30, 2019, and one-third on each annual anniversary afterward. Vesting required Johannessen’s continuous service with Twist Bioscience through each respective vesting date before becoming exercisable.