Tax-driven stock sale by Scholar Rock (SRRK) general counsel disclosed
Rhea-AI Filing Summary
Scholar Rock Holding Corp’s general counsel, Junlin Ho, reported an open-market sale of 9,580 shares of common stock on February 17, 2026 at an average price of $46.5282 per share. According to the footnote, this sale was a mandated “sell to cover” transaction to fund tax withholding arising from the vesting of restricted stock units (RSUs) on February 15, 2026, and was not a discretionary trade.
The RSUs that vested were granted on February 13, 2023 and March 10, 2025, each representing the right to receive one share of common stock upon vesting. After this tax-related sale, Ho’s holdings consist of 131,646 shares of common stock and 109,899 RSUs, which vest annually over four years, subject to a continued service relationship with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,580 | $46.5282 | $446K |
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 ("RSU") on February 15, 2026. 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. The shares vested pursuant to awards that were granted on February 13, 2023 and March 10, 2025. Each RSU represents the contingent right to receive upon vesting of the RSU, one share of the Issuer's common stock. The shares subject to these RSU awards vest annually over four years, subject to a continued service relationship with the Issuer on the applicable vesting date. Consists of 131,646 shares of common stock and 109,899 RSUs.