Schrodinger (SDGR) EVP Lorton logs small 925-share 10b5-1 stock sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schrodinger, Inc. executive Kenneth Patrick Lorton reported a small automatic sale of common stock tied to tax withholding. On 02/10/2026, he sold 925 shares of Schrodinger common stock in an open-market transaction at a weighted average price of $13.7338 per share under a pre-established Rule 10b5-1 plan. The sale was executed by a broker to cover withholding taxes arising from the vesting of restricted stock units and is described as non-discretionary. After this transaction, Lorton directly beneficially owned 52,651 shares of common stock, including 14,543 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 925 shares ($12,704)
Net Sell
1 txn
Insider
Lorton Kenneth Patrick
Role
EVP, CTO & COO, Software
Sold
925 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 925 | $13.7338 | $13K |
Holdings After Transaction:
Common Stock — 52,651 shares (Direct)
Footnotes (1)
- This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on March 9, 2023, and 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.625 to $13.8575, 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. Includes 14,543 unvested RSUs.
FAQ
What insider transaction did SDGR executive Kenneth Patrick Lorton report?
Kenneth Patrick Lorton reported selling 925 shares of Schrodinger common stock. The sale occurred on February 10, 2026, as an open-market transaction at a weighted average price of $13.7338 per share, primarily to cover tax withholding from restricted stock unit vesting.
Was the SDGR insider sale by Kenneth Patrick Lorton a discretionary trade?
The sale was not discretionary. It was carried out under a durable automatic sale instruction pursuant to Rule 10b5-1 adopted on March 9, 2023, and executed by a broker specifically to satisfy withholding tax liabilities from restricted stock unit vesting.
What role does Kenneth Patrick Lorton hold at Schrodinger, Inc. (SDGR)?
Kenneth Patrick Lorton serves as Executive Vice President, Chief Technology Officer, and Chief Operating Officer, Software. His Form 4 filing reflects his status as an officer of Schrodinger, Inc. and reports changes in his beneficial ownership of the company’s common stock.