Solid Biosciences (SLDB) CFO sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solid Biosciences Inc. Chief Financial Officer and Treasurer Kevin Tan reported RSU vesting and related share activity. On February 13, 2026, 10,625 restricted stock units converted into 10,625 shares of common stock at no cost, leaving 21,250 RSUs outstanding and 104,826 common shares held directly.
On February 18, 2026, Tan sold 5,404 common shares at a weighted average price of $5.8233 per share to cover withholding taxes after the RSU vesting, under a durable automatic sales instruction adopted on August 15, 2024. The sale was not a discretionary trade, and he now directly holds 99,422 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,404 shares ($31,469)
Net Sell
3 txns
Insider
Tan Kevin
Role
CFO & Treasurer
Sold
5,404 shs ($31K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,404 | $5.8233 | $31K |
| Exercise | Restricted Stock Units | 10,625 | $0.00 | -- |
| Exercise | Common Stock | 10,625 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 99,422 shares (Direct);
Restricted Stock Units — 21,250 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 Mr. Tan on August 15, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Mr. Tan. 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 restricted stock units were granted on February 13, 2025 (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) CFO Kevin Tan report?
Kevin Tan reported RSU vesting and related share movements. 10,625 restricted stock units converted into 10,625 common shares, and 5,404 common shares were sold to cover taxes, with all positions held directly in his name.
What RSU conversion did Solid Biosciences CFO Kevin Tan report?
He reported the conversion of 10,625 restricted stock units into 10,625 shares of common stock on February 13, 2026. These RSUs represent a contingent right to receive one share each of Solid Biosciences common stock when they vest.
What are the vesting terms of Kevin Tan’s Solid Biosciences RSUs?
The RSUs were granted on February 13, 2025 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 completes the vesting schedule, subject to continued service conditions.