Solid Biosciences (SLDB) CTO gets options, RSUs and sells shares
Rhea-AI Filing Summary
Solid Biosciences Chief Technology Officer Paul Herzich reported several equity award events and a related share sale. On January 29, 2026, 54,925 performance stock units vested and converted one-for-one into common stock after a performance milestone was certified as achieved.
On the same date, he received an option to buy 170,000 shares at an exercise price of $6.60 per share, vesting over four years, and was granted 85,000 restricted stock units, also vesting over four years. On January 31, 2026, 24,675 RSUs from a 2025 grant vested and converted into common shares.
On February 2, 2026, Herzich sold 26,250 common shares at a weighted average price of $6.4369 per share to cover withholding taxes after PSU vesting, under a durable automatic sell-to-cover instruction, and not as a discretionary trade. After these transactions, he directly owned 79,972 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 26,250 | $6.4369 | $169K |
| Exercise | Restricted Stock Units | 24,675 | $0.00 | -- |
| Exercise | Common Stock | 24,675 | $0.00 | -- |
| Exercise | Performance Stock Units | 54,925 | $0.00 | -- |
| Grant/Award | Employee Stock Option (Right to Buy) | 170,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 85,000 | $0.00 | -- |
| Exercise | Common Stock | 54,925 | $0.00 | -- |
Footnotes (1)
- Each performance stock unit ("PSUs") converts to common stock on a one-for-one basis. Each restricted stock unit ("RSUs") converts to common stock on a one-for-one basis. This sale was made to cover withholding taxes following the vesting of previously granted PSUs pursuant to a durable automatic sale instruction letter adopted by Mr. Herzich on August 16, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Mr. Herzich. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.295 to $6.580, 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 PSUs were granted on June 11, 2024 and provide for the vesting of 25% of the target number of underlying RSUs granted upon the achievement of each of four independent performance milestones predetermined by the Board ("Performance Milestones"), subject to the grantee's continued service with the Company (the "Approval Conditions"). The Performance Milestones are tied to the achievement of certain business objectives, as certified by the Board on specified evaluation dates, and are non-market and non-financial in nature. The performance criteria specified for the first Performance Milestone was determined to be met on January 29, 2026 (the "2026 Grant Date") resulting in the vesting of the PSUs as to 25% of the underlying shares. This option was granted on the 2026 Grant Date and vests over four years, with 25% of the original number of shares vesting on the first anniversary of the 2026 Grant Date and 2.0833% of the original number of shares monthly thereafter until the fourth such anniversary. The RSUs were granted on the 2026 Grant Date and vest over four years, with 25% of the original number of shares vesting on each anniversary of the 2026 Grant Date until the fourth such anniversary. On January 31, 2025 (the "2025 Grant Date"), the reporting person was granted 98,700 RSUs, with 25% of the original number of shares vesting on each anniversary of the 2025 Grant Date until the fourth such anniversary.
FAQ
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