Cho Dennis 4

What Happened

• Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience (TWST), sold 1,642 shares on 2026-05-21 at $53.26 per share, generating about $87,448. The sale was a disposition (code S) tied to tax withholding for vested restricted stock units, not a discretionary trade.

Key Details

• Transaction date: 2026-05-21. Price: $53.26. Shares sold: 1,642. Gross proceeds ≈ $87,448.
• Reason/footnote: F1 — sale required to satisfy tax withholding on RSU vesting ("sell to cover"); not a voluntary market-timing decision by the insider.
• Filing: Form 4 filed 2026-05-26 (Accession 0001214659-26-006709). The filing was submitted one business day late (transaction likely due by 2026-05-25).
• Shares owned after transaction: not specified in the provided excerpt.

Context

• Sell-to-cover transactions are routine when RSUs vest and companies require withholding; they generally do not signal an insider’s view on the company’s outlook.
• This was a sale (routine tax-related disposition), not a purchase or option exercise, so it should be interpreted as administrative rather than a bullish or bearish indicator.