Solid Biosciences (SLDB) CEO logs tax sale after RSUs vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences Inc. President and CEO Alexander Cumbo reported a combination of RSU vesting and a related tax sale. On February 13, 2026, he acquired 30,031 shares of common stock at $0.00 per share through the conversion of restricted stock units, increasing his directly held common stock.
On February 18, 2026, he sold 16,644 shares of common stock in an open‑market transaction at a weighted average price of $5.8233 per share to cover withholding taxes following the RSU vesting, under a pre‑existing automatic sales instruction that is not a discretionary trade. After these transactions, he directly owned 235,405 shares of common stock and 60,063 RSUs that vest over four years from the February 13, 2024 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,644 shares ($96,923)
Net Sell
3 txns
Insider
Cumbo Alexander
Role
President and CEO
Sold
16,644 shs ($97K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,644 | $5.8233 | $97K |
| Exercise | Restricted Stock Units | 30,031 | $0.00 | -- |
| Exercise | Common Stock | 30,031 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 235,405 shares (Direct);
Restricted Stock Units — 60,063 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock (the "RSUs"). This sale was made to cover withholding taxes following the vesting of the previously granted RSUs pursuant to a durable automatic sales instruction letter adopted by Mr. Cumbo on August 18, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Mr. Cumbo. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.23 to $6.14, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (4) to this Form. The RSUs were granted on February 13, 2024 (the "Grant Date") and vest over four years, with 25% of the original number of shares vesting on each anniversary of the Grant Date until the fourth such anniversary.
FAQ
What insider transactions did SLDB CEO Alexander Cumbo report on this Form 4?
Alexander Cumbo reported RSU vesting and a related tax sale. He converted 30,031 restricted stock units into common shares, then sold 16,644 shares in the open market to cover withholding taxes under a pre-set automatic sales instruction.
Were the SLDB CEO’s stock sales discretionary trades or part of a plan?
The sale was not a discretionary trade by the CEO. It was executed under a durable automatic sales instruction letter adopted on August 18, 2024, specifically to sell enough shares to cover tax withholding from RSU vesting.
What RSU activity did Solid Biosciences (SLDB) disclose for its CEO?
The CEO exercised 30,031 restricted stock units into an equal number of common shares at $0.00 per share. These RSUs were part of a grant from February 13, 2024 that vests in four annual installments of 25% each year.