Hallal David 4
4 · Scholar Rock Holding Corp · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Scholar Rock (SRRK) CEO David Hallal Sells 30,615 Shares
What Happened
- David Hallal, CEO of Scholar Rock Holding Corp. (SRRK), disposed of 30,615 shares on April 16, 2026 at $49.57 per share, generating proceeds of $1,517,723. This transaction was a sale (code S) carried out through a brokerage firm.
Key Details
- Transaction date and price: 4/16/2026 — 30,615 shares @ $49.57 each; total ≈ $1,517,723.
- Reason: The sale was a mandatory "sell-to-cover" to satisfy tax withholding on RSUs that vested (not a discretionary market bet by the CEO). The RSUs vested on April 15, 2026 and were originally granted April 27, 2025.
- Holdings reported (per filing): 198,530 shares of common stock; 315,504 time-based RSUs; 1,125,000 performance- and time-based RSUs.
- Trust disclosure: Some shares are held by the Hallal Family Irrevocable Trust (Hallal Trust); Hallal disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing: Form 4 filed 04/20/2026 reporting the 04/16/2026 transaction — filed within the typical two-business-day window.
Context
- Sell-to-cover transactions are routine administrative sales to cover tax withholding on vested equity awards and generally do not signal insider sentiment about the company’s outlook. The underlying RSUs vest annually over four years, subject to continued service (and some subject to performance conditions).
Insider Transaction Report
Form 4
Hallal David
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-04-16$49.57/sh−30,615$1,517,723→ 1,639,034 total
Holdings
- 205,000(indirect: By Trust)
Common Stock
[F3]
Footnotes (3)
- [F1]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 ("RSUs") on April 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 April 27, 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.
- [F2]Consists of 198,530 shares of common stock, 315,504 RSUs subject to time-based vesting conditions and 1,125,000 RSUs subject to performance- and time-based vesting conditions.
- [F3]Shares owned by 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.
Signature
/s/ Junlin Ho, Attorney-in-Fact for David Hallal|2026-04-20