Scholar Rock (SRRK) insider sell-to-cover Form 4 details and PSU vesting
Rhea-AI Filing Summary
Scholar Rock Holding Corp director and President of R&D Akshay Vaishnaw reported a mandatory tax-related share sale. On 01/13/2026, he sold 20,438 shares of common stock at $42.70 per share in a transaction coded "S." According to the notes, this was a "sell to cover" sale required to satisfy tax withholding from vesting performance- and time-based restricted stock units (PSUs), and is not a discretionary trade.
After the transaction, he beneficially owned 595,767 common share equivalents. This consists of 45,767 shares of common stock, 100,000 restricted stock units, and 450,000 PSUs that vest over time and based on Scholar Rock’s stock price performance, with unvested PSUs forfeited if not vested by April 27, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,438 | $42.70 | $873K |
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. 50,000 shares subject to this PSU vested on January 12, 2026, with an additional 50,000 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. 45,767 shares of common stock, 100,000 restricted stock units and 450,000 PSUs.
FAQ
What insider transaction did SRRK report for Akshay Vaishnaw?
Scholar Rock reported that Akshay Vaishnaw sold 20,438 shares of common stock on 01/13/2026 in a transaction coded "S" at a price of $42.70 per share.
What are the key vesting terms of Akshay Vaishnaw’s PSUs at SRRK?
The PSUs were granted on April 27, 2025. 50,000 shares vested on January 12, 2026, another 50,000 shares are scheduled to vest on April 27, 2027, and the remaining PSUs vest over four years based on a mix of stock price performance targets and continued service. Any PSUs not vested by April 27, 2029 will be forfeited for no consideration.
What is Akshay Vaishnaw’s role at Scholar Rock Holding Corp (SRRK)?
Akshay Vaishnaw is both a director of Scholar Rock Holding Corp and serves as its President of R&D, as indicated in the filing.
Was this Scholar Rock Form 4 transaction part of a trading plan or equity incentive arrangement?
The sale was carried out under the company’s equity incentive plans as a required “sell to cover” for taxes tied to PSU vesting, and the form includes a section for indicating transactions made under Rule 10b5-1(c).