Solid Biosciences (SLDB) CTO sells 3,616 shares after RSU vesting
Rhea-AI Filing Summary
Solid Biosciences Inc. Chief Technology Officer Paul Herzich reported both an RSU vesting and a related stock sale. On February 13, 2026, he acquired 7,187 shares of common stock upon the exercise of 7,187 restricted stock units at $0.00 per share, increasing his direct common stock holdings to 76,254 shares.
On February 18, 2026, Herzich then sold 3,616 common shares in an open-market transaction at a weighted average price of $5.8233 per share, with actual prices ranging from $5.23 to $6.14. The company states this sale was solely to cover tax withholding following RSU vesting, under a pre-established automatic sales instruction, and does not represent a discretionary trade by Herzich. After the sale, he directly held 72,638 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,616 | $5.8233 | $21K |
| Exercise | Restricted Stock Units | 7,187 | $0.00 | -- |
| Exercise | Common Stock | 7,187 | $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. 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 $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
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