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  "documentTitle": "Twist Bioscience (TWST)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-11-15 00:00:00",
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  "notes": "Uses CEO quotes to frame management stock sales as a contradiction to company performance or long-term commitment.",
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      "text": "We estimate she has sold ~$70MM of stock; co-founder and SVP Bill Banyai, ~$42MM; CFO Jim Thorburn, ~$15MM; and President/COO Patrick Finn, ~$11MM – a total of $135MM across these four alone.",
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      "text": "Jim Thorburn, CFO - common stock equivalent held per Capital IQ",
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      "text": "Emily Leproust, CEO - common stock equivalent held per Capital IQ",
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      "text": "Common Stock Equivalent Held: $135MM",
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      "text": "Leproust says she tries to “approach everything with as much savagery as possible” and that “you just have to go big or go home” – an accurate description of her stock sales, as well as those by the management team. We estimate she has sold ~$70MM of stock; co-founder and SVP Bill Banyai, ~$42MM; CFO Jim Thorburn, ~$15MM; and President/COO Patrick Finn, ~$11MM – a total of $135MM across these four alone.",
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      "text": "“I try to approach everything with as much savagery as possible because life’s too short to make small increments,” Leproust told me. “You just have to go big or go home.” -Emily Leproust, Twist CEO, Aug 2022 interview",
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      "kind": "quote",
      "text": "“I try to approach everything with as much savagery as possible because life’s too short to make small increments,” Leproust told me. “You just have to go big or go home.” — Emily Leproust, Twist CEO, Aug 2022 interview",
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      "kind": "source-note",
      "text": "Source: Capital IQ data; Scorpion Capital analysis and estimates; https://www.bizjournals.com/bizwomen/news/latest-news/2022/08/most-admired-ceo-emily-leproust.html?page=all",
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      "evidence": "Contrasts CEO's 'go big' quote with actual stock sales data.",
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