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Schrodinger, Inc.·4

Apr 17, 6:09 PM ET

Farid Ramy 4

Research Summary

AI-generated summary

Updated

Schrödinger (SDGR) CEO Farid Ramy Exercises Options, Sells Shares

What Happened
Farid Ramy, President & CEO and director of Schrödinger, exercised stock options and sold a portion of the resulting shares. He acquired 160,527 shares via option exercises (three exercises at a $3.07 exercise price) for a total cash outlay of $492,818, and sold 86,000 shares in open-market transactions for aggregate proceeds of about $1,055,177. The pattern — exercise at $3.07 and near-immediate sales at ~ $12.2–$12.3 — is consistent with exercising and selling shares (cashless/same-day dispositions).

Key Details

  • Transaction dates: April 16–17, 2026. Form filed April 17, 2026. No late filing is indicated in the Form 4.
  • Exercises (acquisitions): 160,527 shares total
    • 4/16: 43,000 shares @ $3.07 = $132,010
    • 4/17: 43,000 shares @ $3.07 = $132,010
    • 4/17: 74,527 shares @ $3.07 = $228,798
    • Total paid ≈ $492,818
  • Sales (dispositions): 86,000 shares total
    • 4/16: 43,000 shares, weighted avg $12.33, proceeds $530,233 (sales priced between $11.80–$12.79 per footnote)
    • 4/17: 43,000 shares, weighted avg $12.21, proceeds $524,944 (sales priced between $11.66–$12.49 per footnote)
    • Total proceeds ≈ $1,055,177
  • Filing footnotes:
    • F1: Transactions effected under a Rule 10b5‑1 trading plan adopted Sept 2, 2025.
    • F2/F3: Reported sale prices are weighted averages; detailed per-price breakdowns available on request.
    • F4: Holdings disclosure includes 132,634 unvested RSUs.
    • F5: The option exercised (part of transactions) was granted May 11, 2016 and is fully vested.
  • Shares owned after the reported transactions: not specified in the filing (the Form 4 lists holdings components including the unvested RSUs above).

Context

  • The filing shows option exercises followed by open-market sales; lines showing derivative “disposed” at $0 reflect conversion/exercise mechanics rather than additional cash sales. This is a routine insider liquidity event, and the trades were done under a pre-established 10b5‑1 plan. As always, sales do not necessarily indicate a CEO’s view of company prospects; purchases are generally considered a stronger positive signal.