[Form 4] Schrodinger, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,366 shares ($17,625)
Net Sell
1 txn
Insider
Akinsanya Karen
Role
See Remarks
Sold
1,366 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,366 | $12.903 | $18K |
Holdings After Transaction:
Common Stock — 69,956 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 $12.71 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. Includes 63,545 unvested RSUs
FAQ
What did Schrodinger (SDGR) officer Karen Akinsanya report in this Form 4?
She reported selling 1,366 shares of Schrodinger common stock at a weighted average price of $12.903. The transaction was conducted under a Rule 10b5-1 trading plan and used to cover withholding taxes from vesting restricted stock units.
Was the Schrodinger (SDGR) insider sale a discretionary trade?
No, the sale was not discretionary. The filing states it was executed under a durable automatic sale instruction pursuant to Rule 10b5-1 and was a broker-assisted sale designed to satisfy withholding tax obligations from vesting restricted stock units.
What is the role of RSUs in this Schrodinger (SDGR) Form 4 filing?
Restricted stock units are central to this filing because the sale was made to cover withholding taxes from RSUs that had vested. The insider’s post-transaction holdings include 63,545 unvested RSUs, highlighting ongoing equity-based compensation.
What trading plan governed the Schrodinger (SDGR) insider sale?
The sale was executed under a durable automatic sale instruction adopted on March 8, 2023, pursuant to Rule 10b5-1. Such plans pre-schedule trades, providing a structured way to sell shares without day-to-day trading decisions.