Schrodinger CFO sells shares under 10b5-1 plan
Schrodinger, Inc. EVP & CFO Rachit Jain reported an open-market sale of 1,631 shares of common stock.
Rhea-AI Filing Summary
Schrodinger, Inc. EVP & CFO Rachit Jain reported an open-market sale of 1,631 shares of common stock. The sale on March 5, 2026 was executed at a weighted average price of $12.896 per share, with individual trades ranging from $12.75 to $12.98.
According to the disclosure, this sale was made under a durable automatic sale instruction pursuant to Rule 10b5-1 and was a broker-assisted transaction to cover withholding tax obligations arising from the vesting of restricted stock units. The filing notes it was not a discretionary trade by the executive.
After this transaction, Jain directly holds 52,596 shares of Schrodinger common stock, which includes 47,997 unvested restricted stock units.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,631 | $12.896 | $21K |
Footnotes (3)
- F1. This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on March 3, 2024, represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units ("RSUs"). The sale does not represent a discretionary trade by the reporting person.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.75 to $12.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) of this Form 4.
- F3. Includes 47,997 unvested RSUs.
FAQ
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