Scholar Rock Holding Corp (SRRK) CEO tax-related share sale detailed
Rhea-AI Filing Summary
Scholar Rock Holding Corp Chief Executive Officer and director David Hallal reported a mandatory share sale linked to equity award vesting. On 01/13/2026, he sold 57,450 shares of common stock at $42.7 per share, solely to cover tax withholding arising from the vesting of performance- and time-based restricted stock units (PSUs) under the company’s equity incentive plans. The transaction was executed as a required “sell to cover” through a designated broker and is noted as not being a discretionary trade.
The vested shares relate to PSU awards granted on April 27, 2025, with 125,000 shares vesting on January 12, 2026, another 125,000 scheduled to vest on April 27, 2027, and additional tranches tied to future stock price and service-based conditions through April 27, 2029, after which any unvested PSUs are forfeited. Following the reported sale, Hallal directly holds 1,541,645 shares of common stock, and a further 205,000 shares are held indirectly by the Hallal Family Irrevocable Trust – 2012, where his spouse serves as trustee and beneficial ownership is disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 57,450 | $42.70 | $2.45M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares required to be sold by the Reporting Person to cover the tax withholding obligation in connection with the vesting of restricted stock units subject to performance-and time-based vesting conditions ("PSUs"). The sale is mandated by the Issuer's election under its equity incentive plans to require the Reporting Person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the Reporting Person. Each PSU represents the contingent right to receive upon vesting of the PSU, one share of the Issuer's common stock. (continued) The shares vested pursuant to awards that were granted on April 27, 2025. 125,000 shares subject to this PSU vested on January 12, 2026, with an additional 125,000 shares scheduled to vest on April 27, 2027 and the remaining shares vesting in tranches of a combination of performance-based vesting tied to the Issuer's common stock achieving certain price targets and time-based vesting over four year, provided the Reporting Person continues to have a service relationship with the Issuer on each such vesting date. Any PSUs that have not vested on or prior to April 27, 2029 will be forfeited for no consideration. 166,645 shares of common stock, 250,000 restricted stock units and 1,125,000 PSUs. Shares owned by the Hallal Family Irrevocable Trust - 2012 dated November 19, 2012 (the "Hallal Trust") for no consideration. The Reporting Person's spouse serves as a trustee of the Hallal Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
