Hallal David 4
Research Summary
AI-generated summary
Scholar Rock (SRRK) CEO David Hallal Receives RSU Award
What Happened
- David Hallal, Chief Executive Officer of Scholar Rock Holding Corp (SRRK), was granted 128,004 restricted stock units (RSUs) on February 9, 2026. The award was reported on Form 4 and shows an acquisition price of $0.00, so there is no immediate cash value to the grant.
- The RSUs are time‑based and will convert into one share per RSU upon vesting (see vesting schedule below). This is an equity grant (award), not an open‑market purchase or sale.
Key Details
- Transaction date and type: 2026-02-09 — Award/Grant (Code A) of 128,004 RSUs at $0.00 per unit.
- Vesting: Per footnote, these RSUs vest in four annual installments over four years, with the first installment vesting January 15, 2027, and annually thereafter, subject to continued service.
- Holdings reported (footnote F2): the filing lists 166,645 shares of common stock, 378,004 time‑based RSUs, and 1,125,000 RSUs subject to performance‑ and time‑based vesting (these totals reflect reported holdings).
- Family trust (footnote F3): some shares are held by the Hallal Family Irrevocable Trust (2012); Hallal disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing timeliness: Form 4 was filed on 2026-02-11 for a 2026-02-09 transaction (filed within the standard 2‑business‑day window).
Context
- RSU grants are compensation awards that vest over time; they do not involve an immediate cash outlay by the insider and do not equate to an open‑market purchase or sale. Such awards are common for executive compensation and are primarily tied to retention and, in some cases, performance metrics (this grant is time‑based).
- For retail investors: awards increase potential future share supply when vested shares are issued, but by themselves do not indicate immediate insider buying or selling intent.