Vaishnaw Akshay 4
Research Summary
AI-generated summary
Scholar Rock (SRRK) President of R&D Vaishnaw Sells 12,246 Shares
What Happened
- Akshay Vaishnaw, President of Research & Development and a director at Scholar Rock (SRRK), sold 12,246 shares on April 16, 2026 at $49.57 per share, generating $607,089. This sale was a broker-facilitated "sell-to-cover" to satisfy tax withholding tied to RSUs that vested on April 15, 2026 and not a discretionary open-market trade.
Key Details
- Transaction date/price/value: April 16, 2026 — 12,246 shares @ $49.57 = $607,089.
- Shares owned after transaction: 58,521 shares of common stock (per filing). In addition, Vaishnaw holds 122,021 time-based RSUs and 450,000 performance- and time-based RSUs (see footnote).
- Footnote: The sale was required by the issuer's election under its equity plans to fund tax withholding via a sell-to-cover; the RSUs were granted April 27, 2025 and vest annually over four years. Each RSU converts to one share upon vesting.
- Filing: Report filed April 20, 2026 reporting the April 16 transaction (filing date shown in accession).
Context
- This was a tax-withholding sale associated with RSU vesting (a routine administrative transaction), not an independent discretionary sale signaling a change in insider sentiment. The reported RSUs include both time-based and performance-based awards that remain subject to continued service and performance conditions.