Solid Biosciences (SLDB) CMO logs RSU vesting and automatic tax-cover sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences Inc. reported insider equity activity by Chief Medical Officer Gabriel Brooks. Previously granted restricted stock units (RSUs) vested, and each RSU converts into one share of common stock. On the vesting date, 10,937 RSUs were exercised into the same number of common shares at no cash exercise price.
A related sale of common stock was executed solely to cover withholding taxes under a pre‑established durable automatic sales instruction adopted on August 15, 2024. The company notes this sell‑to‑cover transaction was not a discretionary trade by Dr. Brooks. Following these transactions, Brooks directly held 89,466 common shares and 21,876 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,937 shares exercised/converted
Mixed
3 txns
Insider
Brooks Gabriel
Role
Chief Medical Officer
Sold
0 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 0 | $5.8233 | -- |
| Exercise | Restricted Stock Units | 10,937 | $0.00 | -- |
| Exercise | Common Stock | 10,937 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 89,466 shares (Direct);
Restricted Stock Units — 21,876 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. Brooks on August 15, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Dr. Brooks. 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 Solid Biosciences (SLDB) report for Gabriel Brooks?
Solid Biosciences reported RSU vesting and related share activity for Chief Medical Officer Gabriel Brooks. 10,937 restricted stock units converted into common shares, and a related sale covered withholding taxes under a pre-set sell-to-cover instruction, rather than a discretionary trade.
Was the Solid Biosciences (SLDB) insider sale by Gabriel Brooks discretionary?
No, the reported sale was not discretionary. It was executed solely to cover withholding taxes following RSU vesting, under a durable automatic sales instruction adopted on August 15, 2024, implementing a sell-to-cover election rather than an opportunistic market trade.
How many restricted stock units vested for Solid Biosciences (SLDB) CMO Gabriel Brooks?
10,937 restricted stock units vested for Chief Medical Officer Gabriel Brooks. Each RSU represents a right to receive one share of Solid Biosciences common stock, and this block converted into the same number of shares in connection with the February 13, 2026 vesting event.
What is the vesting schedule of Gabriel Brooks’ RSUs at Solid Biosciences (SLDB)?
The RSUs were granted on February 13, 2024, and vest over four years. Twenty-five percent of the original RSU grant vests on each anniversary of the grant date until the fourth anniversary, creating a structured, time-based vesting pattern for this equity award.