Scholar Rock (SRRK) COO sells shares for tax withholding tied to PSU vesting
Rhea-AI Filing Summary
Scholar Rock Holding Corp's Chief Operating Officer, R. Keith Woods, reported a sale of common stock that was executed solely to cover taxes on recently vested performance-based restricted stock units (PSUs). On January 13, 2026, he sold 16,746 shares of common stock at $42.70 per share in a mandated "sell to cover" transaction under the company’s equity incentive plans, rather than a discretionary trade.
These shares relate to PSU awards granted on April 27, 2025, with 50,000 PSU shares vesting on January 12, 2026 and additional tranches scheduled through April 27, 2029 if service and performance conditions are met. After the tax-related sale, Woods has beneficial ownership of 583,254 share-based interests, consisting of 33,254 shares of common stock, 100,000 time-based RSUs and 450,000 PSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,746 | $42.70 | $715K |
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"). This 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 years, 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. Consists of 33,254 shares of common stock, 100,000 restricted stock units subject to time-based vesting conditions and 450,000 PSUs.
FAQ
What insider transaction did Scholar Rock (SRRK) report on this Form 4?
The Form 4 reports that R. Keith Woods, Chief Operating Officer of Scholar Rock Holding Corp, sold 16,746 shares of common stock on January 13, 2026.
What are the vesting terms for the Scholar Rock PSUs referenced in the Form 4?
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 remaining PSUs vest over four years based on stock price performance and continued service, with unvested PSUs forfeited after April 27, 2029.
What role does R. Keith Woods hold at Scholar Rock (SRRK)?
R. Keith Woods is identified in the filing as an officer of Scholar Rock Holding Corp, serving as the company’s Chief Operating Officer.