SRRK insider: David Hallal moves 205,000 shares into irrevocable trust
Rhea-AI Filing Summary
David Hallal, who serves as Chief Executive Officer and a Director of Scholar Rock Holding Corp (SRRK), transferred 205,000 shares of the issuer's common stock to the Hallal Family Irrevocable Trust - 2012 on 10/08/2025 for no consideration (reported price $0). The filing notes the reporting person’s spouse is a trustee of the trust and that he disclaims beneficial ownership of the transferred shares except to the extent of any pecuniary interest.
After the reported transfer, the filing shows the reporting person beneficially owns 1,599,095 shares, consisting of 99,095 shares of common stock and 1,500,000 restricted stock units. The statement was signed by an attorney-in-fact on 10/09/2025.
Positive
- Clear disclosure of the transfer date 10/08/2025 and transfer amount 205,000 shares
- Reported remaining beneficial interest of 1,599,095 shares (99,095 common shares plus 1,500,000 RSUs) provides transparency on ongoing equity exposure
Negative
- Direct holdings decreased by 205,000 shares following the transfer
- Potential voting/economic uncertainty until the 1,500,000 RSUs vest or convert (no vesting schedule provided)
Insights
TL;DR: A routine estate-planning transfer reduces direct holdings but leaves significant equity exposure via RSUs.
The transfer of 205,000 common shares to a family irrevocable trust for no consideration is consistent with personal estate or family-planning actions and is coded as a gift-like transfer (price $0). The reporting person retains a pecuniary interest only as disclosed, and the spouse serves as a trustee, which the filing explicitly notes.
This change reduces directly held shares while leaving total beneficial exposure at 1,599,095 shares (including 1,500,000 restricted stock units). Monitor vesting schedules for the 1,500,000 RSUs and any future Form 4s that would report exercisable or vested conversions, as those determine near-term voting and economic interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 205,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On October 8, 2025, the Reporting Person transferred 205,000 shares of the Issuer's Common Stock to 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. Consists of 99,095 shares of Common Stock and 1,500,000 restricted stock units.
