Schrodinger (NASDAQ: SDGR) CTO Lorton receives new stock and option awards

Rhea-AI Filing Summary

Schrodinger, Inc. executive Kenneth Patrick Lorton, EVP, CTO & COO, Software, reported equity awards consisting of stock options and restricted stock units. He received a stock option for 34,250 shares, granted on March 2, 2026, that vests 25% on March 2, 2027, with the remainder vesting in equal monthly installments through March 2, 2030, contingent on continued service.

He also acquired 17,130 RSUs under the company’s 2022 Equity Incentive Plan, vesting in four equal annual installments on March 9 of 2027, 2028, 2029 and 2030, subject to continued service. In addition, 20,682 performance-based RSUs from prior 2024 grants were certified as earned on March 2, 2026 and will vest upon the filing of Schrodinger’s Form 10-K for the year ended December 31, 2026, if he remains with the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lorton Kenneth Patrick

(Last) (First) (Middle)

C/O SCHRODINGER, INC.,

1540 BROADWAY, 24TH FLOOR

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Schrodinger, Inc. [ SDGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CTO & COO, Software

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/02/2026		A		17,130	A	$0	69,781	D
Common Stock	03/02/2026		A(2)		20,682	A	$0	90,463(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$12.15	03/02/2026		A		34,250		(4)	03/02/2036	Common Stock	34,250	$0	34,250	D

Explanation of Responses:

1. Grant of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan, as amended. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs were granted on March 2, 2026 and will vest in equal installments on each of March 9, 2027, 2028, 2029 and 2030, subject to the reporting person's continued service with the company.

2. Represents portion of the performance-based restricted stock units ("PRSUs") previously granted to the reporting person on March 4, 2024 and March 21, 2024, for which the compensation committee of the Issuer's board of directors certified on March 2, 2026 the level of achievement of the performance metrics for the PRSUs. The PRSUs will vest upon the filing of the Issuer's Annual Report on Form 10-K for the year ended December 31, 2026, subject to the reporting person's continued service with the company.

3. Includes an aggregate of 52,355 unvested RSUs.

4. The option was granted on March 2, 2026. The shares underlying the option are scheduled to vest with respect to 25% of the shares on March 2, 2027 and the remainder are scheduled to vest in equal monthly installments through March 2, 2030, subject to the reporting person's continued service with the company.

Remarks:

	/s/ Donald Shum, as attorney-in-fact for Kenneth Patrick Lorton	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did Schrodinger (SDGR) executive Kenneth Patrick Lorton report?

Kenneth Patrick Lorton reported a new stock option grant, time-based RSUs, and performance-based RSUs. The option covers 34,250 shares, while 17,130 RSUs and 20,682 certified performance RSUs increase his potential future common stock holdings, all subject to vesting conditions.

How do Kenneth Patrick Lorton’s new RSUs at Schrodinger (SDGR) vest?

Lorton’s 17,130 time-based RSUs vest in four equal installments on March 9, 2027, 2028, 2029 and 2030. Vesting requires his continued service with Schrodinger, aligning his compensation with long-term company performance and retention over several years.

What are the terms of Kenneth Patrick Lorton’s new Schrodinger (SDGR) stock option?

The stock option for 34,250 shares was granted March 2, 2026. Twenty-five percent vests on March 2, 2027, with the remaining shares vesting in equal monthly installments through March 2, 2030, conditioned on Lorton’s continued employment at the company.

What triggered the certification of Kenneth Patrick Lorton’s performance-based RSUs at Schrodinger (SDGR)?

A portion of performance-based RSUs granted in March 2024 was certified as earned on March 2, 2026, after the compensation committee determined performance goal achievement. These 20,682 PRSUs will vest when Schrodinger files its Form 10-K for 2026, assuming Lorton’s continued service.

When will Kenneth Patrick Lorton’s certified performance RSUs in Schrodinger (SDGR) vest?

The certified 20,682 performance-based RSUs will vest upon the filing of Schrodinger’s Annual Report on Form 10-K for the year ended December 31, 2026. Vesting is also conditioned on Lorton remaining in service with the company until that filing.