4//SEC Filing
Porges Geoffrey Craig 4
Accession 0001490978-25-000022
CIK 0001490978other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 5:29 PM ET
Size
11.1 KB
Accession
0001490978-25-000022
Insider Transaction Report
Form 4
Porges Geoffrey Craig
EVP & CFO
Transactions
- Award
Common Stock
2025-03-03+14,850→ 33,035 total - Sale
Common Stock
2025-03-03$21.76/sh−5,491$119,484→ 27,544 total - Award
Common Stock
2025-03-03+12,500→ 18,185 total - Award
Stock Option (right to buy)
2025-03-03+50,000→ 50,000 totalExercise: $21.24Exp: 2035-03-03→ Common Stock (50,000 underlying)
Footnotes (5)
- [F1]Grant of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan, as amended. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs were granted on March 3, 2025 and will vest in equal installments on each of March 4, 2026, 2027, 2028 and 2029, subject to the Reporting Person's continued service with the company.
- [F2]Includes 12,500 unvested RSUs.
- [F3]Represents the portion of the performance-based restricted stock units ("PRSUs") that were awarded to the reporting person on August 18, 2022 in connection with the commencement of his employment that vested on March 3, 2025 following certification by the compensation committee of the issuer's board of directors of the level of achievement of certain performance metrics for the PRSUs.
- [F4]This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on August 16, 2022 and represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of the PRSUs on March 3, 2025. The sale does not represent a discretionary trade by the reporting person.
- [F5]The option was granted on March 3, 2025. The shares underlying the option are scheduled to vest with respect to 25% of the shares on March 3, 2026 and the remainder are scheduled to vest in equal monthly installments through March 3, 2029.
Documents
Issuer
Schrodinger, Inc.
CIK 0001490978
Entity typeother
Related Parties
1- filerCIK 0001938826
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 5:29 PM ET
- Size
- 11.1 KB