Tax-withholding sale: Twist Bioscience (TWST) officer disposes 844 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twist Bioscience Corp officer Dennis Cho reported an open-market sale of 844 shares of common stock at $46.7098 per share. According to the filing, the shares were sold to cover tax withholding owed on vesting restricted stock units under a mandatory “sell to cover” arrangement, rather than a discretionary trade. After this transaction, Cho directly held 138,682 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 844 shares ($39,423)
Net Sell
1 txn
Insider
Cho Dennis
Role
See Remarks
Sold
844 shs ($39K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 844 | $46.7098 | $39K |
Holdings After Transaction:
Common Stock — 138,682 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 Dennis Cho?
Twist Bioscience reported that officer Dennis Cho sold 844 shares of common stock at $46.7098 per share. The filing describes this as an open-market sale linked to equity compensation vesting, not a discretionary decision to reduce his investment in the company.