Solid Biosciences Inc.·4

Jan 30, 4:05 PM ET

Ganot Ilan 4

4 · Solid Biosciences Inc. · Filed Jan 30, 2026

Research Summary

AI-generated summary of this filing

Updated

Solid Biosciences (SLDB) Director Ilan Ganot Converts RSUs and Sells Shares

What Happened

  • Director Ilan Ganot had restricted stock units (RSUs) convert into common stock on Jan 27, 2026 (conversion reported as derivative exercises). The filings show conversions of 389 and 3,884 shares (listed as M-code conversions).
  • On Jan 28, 2026 Ganot sold 191 shares in an open-market sale at $6.59 per share for reported proceeds of $1,259. The sale was a sell-to-cover to satisfy tax withholding obligations following vesting (not a discretionary trade).

Key Details

  • Transaction dates and prices:
    • Jan 27, 2026 — conversion/exercise of derivative (RSU conversion) for 389 and 3,884 shares (reported with $0.00 exercise price / N/A value for conversion).
    • Jan 28, 2026 — sale of 191 shares at $6.59 each, proceeds $1,259 (reported as open-market sale).
  • Shares owned after transaction: reporting shows 95,255 shares held individually, 4,042 shares held jointly with Annie Ganot, and 19,394 shares held in the Ilan Ganot 2017 Irrevocable Trust — totaling 118,691 shares.
  • Notable footnotes:
    • F1: RSUs convert one-for-one into common stock.
    • F2: The Jan 28 sale was an automatic sell-to-cover to cover withholding taxes after vesting (adopted via a durable automatic sales instruction on Sept 25, 2024); it was not a discretionary sale by the insider.
    • F5/F6: The RSUs relate to prior grants that vest in four annual installments from the Jan 27, 2022 grant date.
  • Filing timeliness: The Form 4 was filed Jan 30, 2026 for Jan 27/28 transactions — submitted after the typical two-business-day reporting window (the filing appears to be late by one business day).

Context

  • These filings reflect RSU vesting and a routine sell-to-cover tax sale, not an independent open-market investment decision. Conversions of RSUs increase share count; the small sale was solely to satisfy withholding. Such routine post-vesting sell-to-cover transactions are common and do not necessarily signal insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-01-27
Ganot Ilan
Director
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-01-27+38917,667 total(indirect: By Spouse)
  • Sale

    Common Stock

    [F2]
    2026-01-28$6.59/sh191$1,25917,476 total(indirect: By Spouse)
  • Exercise/Conversion

    Common Stock

    [F1][F3]
    2026-01-27+3,88499,297 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-01-273890 total(indirect: By Spouse)
    Common Stock (389 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F6]
    2026-01-273,8840 total
    Common Stock (3,884 underlying)
Holdings
  • Common Stock

    [F4]
    (indirect: See Footnote)
    19,394
Footnotes (6)
  • [F1]Restricted stock units convert into common stock on a one-for-one basis.
  • [F2]This sale was made to cover withholding taxes following the vesting of the previously granted restricted stock units pursuant to a durable automatic sales instruction letter adopted by Ms. Ganot on September 25, 2024 effecting the sell-to-cover election. The sale does not represent a discretionary trade by Ms. Ganot.
  • [F3]Represents 95,255 shares held by Mr. Ganot as an individual, and 4,042 shares held by Mr. Ganot and Annie Ganot as joint tenants with right of survivorship.
  • [F4]Represents 19,394 shares held by Adam Ganot and Annie Ganot, and their successors, as the trustees for the Ilan Ganot 2017 Irrevocable Trust dated March 3, 2017.
  • [F5]On January 27, 2022 (the "Grant Date") Ms. Ganot was granted 1,553 restricted stock units, vesting in four equal installments on the anniversary of the Grant Date.
  • [F6]On the Grant Date, the reporting person was granted 15,533 restricted stock units, vesting in four equal installments on the anniversary of the Grant Date.
Signature
/s/ Kimberly Cornwell as attorney-in-fact for Ilan Ganot|2026-01-29

Documents

1 file
  • 4
    ownership.xmlPrimary

    4