Solid Biosciences (SLDB) COO logs RSU vesting and tax-related share sale
Rhea-AI Filing Summary
Solid Biosciences Chief Operating Officer David T. Howton reported routine equity activity involving restricted stock units and related share sales. On February 13, 2026, RSUs granted on February 13, 2024 vested, resulting in the acquisition of 14,687 shares of common stock through a derivative conversion at a price of $0.00 per share. A corresponding RSU position of 14,687 units was reduced, leaving 29,376 RSUs outstanding. On February 18, 2026, 7,469 common shares were sold in the open market at a weighted average price of $5.8233 per share to cover withholding taxes following this vesting, under a durable automatic sales instruction adopted on August 16, 2024, so the sale was not a discretionary trade. After these transactions, Howton held 105,077 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,469 | $5.8233 | $43K |
| Exercise | Restricted Stock Units | 14,687 | $0.00 | -- |
| Exercise | Common Stock | 14,687 | $0.00 | -- |
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. Howton on August 16, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Mr. Howton. 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.