Twist Bioscience insider sale: 619 shares sold to cover RSU taxes
Rhea-AI Filing Summary
Paula Green, Senior Vice President of Human Resources at Twist Bioscience Corporation (TWST), reported a sale of company stock on 08/21/2025. The Form 4 shows 619 shares were disposed of at a price of $25.964 per share as a sell-to-cover transaction to satisfy tax withholding on vested Restricted Stock Units. After the transaction the reporting person beneficially owned 125,729 shares, which the filing notes includes shares acquired under the company Employee Stock Purchase Plan that were exempt under Rule 16b-3. The form was signed by an attorney-in-fact on 08/25/2025.
Positive
- Sale identified as a sell-to-cover, indicating the disposition was to satisfy tax withholding on vested RSUs rather than a discretionary trade
- Beneficial ownership remains substantial at 125,729 shares after the transaction
- ESP P shares explicitly noted as exempt under Rule 16b-3, clarifying compliance with insider-trading rules
Negative
- Reporting person disposed of 619 shares, which represents an insider sale disclosed publicly
Insights
TL;DR Routine sell-to-cover sale by an officer to satisfy tax withholding; not a discretionary market sale.
The transaction reported is a mandated sell-to-cover tied to RSU vesting rather than an open-market, discretionary sale. The number of shares sold (619) and the stated purpose reduce the likelihood this trade materially signals a change in the reporting person’s view of company prospects. The post-transaction beneficial ownership (125,729 shares) still reflects meaningful equity exposure, including ESPP shares acquired under exempt provisions.
TL;DR Disclosure is consistent with standard insider reporting and equity plan procedures.
The Form 4 clearly identifies the reporting person’s role (SVP HR), the non-discretionary nature of the sale, and the inclusion of ESPP shares in beneficial ownership. The filing was executed via attorney-in-fact and contains explanatory notes clarifying compliance with equity-plan withholding mechanics. This meets typical governance and SEC disclosure expectations for employee equity transactions.