Schrodinger, Inc. Insider Trading Activity
Schrodinger, Inc. officer Karen Akinsanya reported an open-market sale of 1,366 shares of common stock at a weighted average price of $12.903 per share.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Schrodinger, Inc. officer Karen Akinsanya reported an open-market sale of 1,366 shares of common stock at a weighted average price of $12.903 per share. According to the filing, this Rule 10b5-1 transaction was a broker-assisted sale solely to cover withholding taxes on vesting RSUs and was not a discretionary trade. After the sale, she directly owned 69,956 shares, including 63,545 unvested restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,366 | $12.903 | $18K |
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 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.71 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.
- F3. Includes 63,545 unvested RSUs
FAQ
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What did Schrodinger (SDGR) officer Karen Akinsanya report in this Form 4?
Was the Schrodinger (SDGR) insider sale a discretionary trade?
What is the role of RSUs in this Schrodinger (SDGR) Form 4 filing?
What trading plan governed the Schrodinger (SDGR) insider sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.