Schrodinger (SDGR) CFO executes 10b5-1 tax sale of 1,631 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schrodinger, Inc. EVP & CFO Rachit Jain reported an open-market sale of 1,631 shares of common stock. The sale on March 5, 2026 was executed at a weighted average price of $12.896 per share, with individual trades ranging from $12.75 to $12.98.
According to the disclosure, this sale was made under a durable automatic sale instruction pursuant to Rule 10b5-1 and was a broker-assisted transaction to cover withholding tax obligations arising from the vesting of restricted stock units. The filing notes it was not a discretionary trade by the executive.
After this transaction, Jain directly holds 52,596 shares of Schrodinger common stock, which includes 47,997 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,631 shares ($21,033)
Net Sell
1 txn
Insider
Jain Rachit
Role
EVP & CFO
Sold
1,631 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,631 | $12.896 | $21K |
Holdings After Transaction:
Common Stock — 52,596 shares (Direct)
Footnotes (1)
- This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on March 3, 2024, represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units ("RSUs"). The sale does not represent a discretionary trade by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.75 to $12.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) of this Form 4. Includes 47,997 unvested RSUs.
FAQ
What insider transaction did Schrodinger (SDGR) report for EVP & CFO Rachit Jain?
Schrodinger reported that EVP & CFO Rachit Jain sold 1,631 shares of common stock. The sale occurred on March 5, 2026 as an open-market transaction under a Rule 10b5-1 automatic plan, primarily to cover withholding tax from vesting restricted stock units.
Was the Schrodinger (SDGR) CFO’s March 2026 stock sale discretionary?
No, the sale was not a discretionary trade by the Schrodinger CFO. The transaction was executed under a durable automatic sale instruction pursuant to Rule 10b5-1, specifically to satisfy withholding tax liabilities from vesting restricted stock units, as described in the disclosure.