Twist Bioscience CLO Dennis Cho Reports Sell-to-Cover Tax Transaction

Executive Summary

On October 2, 2026, Dennis Cho, Senior Vice President, Chief Legal Officer & Corporate Secretary of Twist Bioscience Corp ($TWST), sold 9,514 shares of common stock at an average price of $188.884 per share, resulting in gross proceeds of approximately $1.80M ($1,797,042.38).

Transaction Details

• Security: Common Stock
• Transaction Code: S (Open-market sale)
• Shares Sold: 9,514 shares
• Execution Price: $188.884
• Ownership Post-Transaction: 63,789 shares held directly
• Nature of Trade: Mandatory sell-to-cover

Footnote & Contextual Analysis

Footnote 1 indicates that this sale was non-discretionary and executed strictly to satisfy statutory tax withholding obligations resulting from the vesting of restricted stock units (RSUs). Under Twist Bioscience's equity incentive plan, tax obligations are automatically satisfied through an issuer-mandated sell-to-cover mechanism.

Market & Governance Impact

Because this disposition is administrative and routine rather than a discretionary market decision, it does not reflect insider sentiment regarding the company's valuation or forward outlook. Dennis Cho retains a substantial direct holding of 63,789 shares.