Schrodinger (SDGR) CEO Farid sells 3,661 shares under 10b5-1 tax plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schrodinger, Inc. President & CEO Ramy Farid reported an automatic tax-related stock sale. On this Form 4, he sold 3,661 shares of common stock in an open-market transaction under a pre-arranged Rule 10b5-1 trading plan adopted on March 8, 2023, to cover withholding taxes from vesting RSUs. The weighted average sale price was $12.906 per share, with individual trades ranging from $12.73 to $13.00. After this transaction, he beneficially owned 330,824 shares of Schrodinger common stock, which includes 132,634 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,661 shares ($47,249)
Net Sell
1 txn
Insider
Farid Ramy
Role
President & CEO
Sold
3,661 shs ($47K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,661 | $12.906 | $47K |
Holdings After Transaction:
Common Stock — 330,824 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 8, 2023, 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 $12.73 to $13.00, 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 132,634 unvested RSUs.
FAQ
What insider transaction did Schrodinger (SDGR) CEO Ramy Farid report?
Ramy Farid reported selling 3,661 shares of Schrodinger common stock. The sale was executed under a pre-set Rule 10b5-1 trading plan and was a broker-assisted transaction to cover withholding taxes from vesting restricted stock units, rather than a discretionary share sale.
What does the Rule 10b5-1 plan mean in the Schrodinger (SDGR) insider filing?
The filing describes a durable automatic sale instruction under Rule 10b5-1 adopted on March 8, 2023. Such plans pre-schedule trades, allowing executives to sell shares according to predetermined terms, which helps separate routine liquidity or tax transactions from timing-based trading decisions.