Gilman Michael 4
Research Summary
AI-generated summary
Scholar Rock (SRRK) Director Michael Gilman Sells Shares
What Happened
Michael Gilman, a Director of Scholar Rock Holding Corp (SRRK), sold a total of 2,544 shares of common stock in three open‑market transactions on July 1, 2026 for aggregate proceeds of approximately $137,058. The individual lots were: 1,346 shares at a weighted avg price of $53.54 (≈ $72,070); 1,155 shares at a weighted avg price of $54.23 (≈ $62,631); and 43 shares at a weighted avg price of $54.81 (≈ $2,357). These sales were effected pursuant to a Rule 10b5‑1 trading plan adopted March 31, 2026 to cover tax obligations arising from the vesting/settlement of RSUs.
Key Details
- Transaction date: July 1, 2026 (filed with SEC July 6, 2026).
- Lots & prices:
- 1,346 shares — weighted avg $53.54 (price range reported $52.970–$53.955) — $72,070.
- 1,155 shares — weighted avg $54.23 (price range reported $53.960–$54.750) — $62,631.
- 43 shares — weighted avg $54.81 (price range reported $54.790–$55.010) — $2,357.
- Total sold: 2,544 shares for ≈ $137,058.
- Shares owned after transactions (per filing): 52,672 shares of common stock and 6,839 RSUs (final reported position).
- Notable footnotes: sales executed under a Rule 10b5‑1 trading plan to cover RSU tax withholding; reported prices are weighted averages across multiple executions (detailed price breakdowns available to the SEC on request).
- Timeliness: transaction dated July 1, 2026; Form 4 filed July 6, 2026 (see SEC filing for exact timeliness status).
Context
- These were sales (not purchases). Sales to cover tax obligations on vested RSUs via a 10b5‑1 plan are common and typically viewed as routine administrative transactions rather than a direct signal about insider sentiment.