Tax-related stock sale by Solid Biosciences (SLDB) Chief Regulatory Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences Inc. Chief Regulatory Officer Jessie Hanrahan reported insider equity activity involving restricted stock units and related tax sales. On February 13, 2026, she acquired 8,125 shares of common stock through the exercise of restricted stock units at a price of $0.00 per share. On February 18, 2026, she sold 4,134 shares of common stock at a weighted average price of $5.8233 per share, with actual sale prices ranging from $5.23 to $6.14, to cover withholding taxes following RSU vesting under a pre-established automatic sell-to-cover instruction. After these transactions, she held 74,318 shares of common stock and 16,250 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,134 shares ($24,074)
Net Sell
3 txns
Insider
Hanrahan Jessie
Role
Chief Regulatory Officer
Sold
4,134 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,134 | $5.8233 | $24K |
| Exercise | Restricted Stock Units | 8,125 | $0.00 | -- |
| Exercise | Common Stock | 8,125 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 74,318 shares (Direct);
Restricted Stock Units — 16,250 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 Dr. Hanrahan on August 16, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Dr. Hanrahan. 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 Chief Regulatory Officer Jessie Hanrahan report?
Jessie Hanrahan reported both an RSU exercise and a related share sale. She exercised 8,125 restricted stock units into common stock at $0.00 per share, then sold 4,134 common shares at a weighted average price of $5.8233 to cover tax withholding obligations.
Was the SLDB insider sale by Jessie Hanrahan a discretionary trade?
The sale was not a discretionary trade by Jessie Hanrahan. It was executed to cover withholding taxes after RSUs vested, under a durable automatic sales instruction letter effecting a sell-to-cover election previously adopted by her on August 16, 2024.
What are the terms of Jessie Hanrahan’s restricted stock units at Solid Biosciences (SLDB)?
The restricted stock units were granted on February 13, 2024. They vest over four years, with 25% of the original number of shares vesting on each anniversary of the grant date until the fourth anniversary, subject to continued service conditions.
What type of insider transaction code was used in the SLDB Form 4 for Jessie Hanrahan?
The Form 4 shows codes M and S for Hanrahan’s activity. Code M reflects the exercise or conversion of derivative securities (restricted stock units), while code S reflects an open-market or private sale of common shares to satisfy tax withholding obligations.