Solid Biosciences (SLDB) CRO receives equity awards and sells shares
Rhea-AI Filing Summary
Solid Biosciences Inc. Chief Regulatory Officer Jessie Hanrahan reported equity vesting, new grants, and a tax-related share sale. On January 29, 2026, 54,925 performance stock units converted into common stock and 190,000 employee stock options plus 95,000 restricted stock units were granted.
On January 31, 2026, 27,625 restricted stock units vested into common shares. On February 2, 2026, 26,535 common shares were sold at a weighted average price of $6.4369 to cover withholding taxes under a pre-established automatic sell-to-cover instruction, leaving 82,675 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 26,535 | $6.4369 | $171K |
| Exercise | Restricted Stock Units | 27,625 | $0.00 | -- |
| Exercise | Common Stock | 27,625 | $0.00 | -- |
| Exercise | Performance Stock Units | 54,925 | $0.00 | -- |
| Grant/Award | Employee Stock Option (Right to Buy) | 190,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 95,000 | $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 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 $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 110,500 RSUs, with 25% of the original number of shares vesting on each anniversary of the 2025 Grant Date until the fourth such anniversary.
FAQ
What insider activity did SLDB’s Chief Regulatory Officer report on this Form 4?
What new equity awards did the SLDB Chief Regulatory Officer receive?
What triggered the vesting of the performance stock units for SLDB’s CRO?