Solid Biosciences (SLDB) director Ian Smith granted options and RSUs
Rhea-AI Filing Summary
Solid Biosciences director Ian F. Smith reported multiple equity award transactions. On 01/02/2026, he received a stock option for 18,012 shares of common stock at an exercise price of $5.45 per share and a grant of 13,761 restricted stock units (RSUs). These “Smith Equity Awards” vest in equal quarterly installments over 12 months from the grant date, with full acceleration if the Smith Agreement ends early or there is a change in control of the company.
On 01/06/2026, 4,573 previously granted RSUs fully vested and converted to 4,573 shares of common stock on a one‑for‑one basis. After these transactions, Smith directly held 131,264 shares of Solid Biosciences common stock, along with 18,012 options and 13,761 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,573 | $0.00 | -- |
| Exercise | Common Stock | 4,573 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 18,012 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 13,761 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert to common stock on a one-for-one basis. The Smith RSUs (as defined in footnote 3) and this option (together with the Smith RSUs, the "Smith Equity Awards") were granted on January 2, 2026 ("the Grant Date") and vest in equal quarterly installments with the first installment vesting three months from the Grant Date and the final installment vesting date being the date that is 12 months from the Grant Date; provided that in the event of the early termination of the Fourth Amendment to Executive Chair Agreement between the Issuer and the reporting person (the "Smith Agreement") prior to the expiration of the Term (as defined in the Smith Agreement) and/or a change in control of the Issuer, the Smith Equity Awards shall accelerate in full. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock (the "Smith RSUs"). The restricted stock units were granted on January 6, 2025 and vested in equal quarterly installments beginning three months from the date of grant, with the final installment vesting 12 months from the date of grant.
FAQ
What insider transactions did Ian F. Smith report for Solid Biosciences (SLDB)?
Ian F. Smith, a director of Solid Biosciences, reported the grant of a stock option for 18,012 shares at an exercise price of $5.45, a grant of 13,761 RSUs on 01/02/2026, and the vesting and conversion of 4,573 RSUs into common shares on 01/06/2026.
How do the new equity awards to Ian F. Smith at Solid Biosciences vest?
The stock option for 18,012 shares and the 13,761 RSUs granted on 01/02/2026 (the “Smith Equity Awards”) vest in equal quarterly installments over 12 months, starting three months after the grant date. They fully accelerate if the Smith Agreement ends early or if there is a change in control of Solid Biosciences.
What happened to the 4,573 restricted stock units reported by Ian F. Smith?
The 4,573 RSUs reported with transaction code M on 01/06/2026 were previously granted on 01/06/2025. They vested in equal quarterly installments over 12 months and then converted one‑for‑one into 4,573 shares of Solid Biosciences common stock.
What does each restricted stock unit (RSU) reported by Ian F. Smith represent?
Each RSU reported by Ian F. Smith represents a contingent right to receive one share of Solid Biosciences common stock, as described in the filing’s footnotes.
Is Ian F. Smith’s ownership in Solid Biosciences direct or through another entity?
The Form 4 indicates that the reported common stock, options, and RSUs are held with direct (D) ownership by Ian F. Smith, with no separate entity listed for indirect ownership.