Lorton Kenneth Patrick 4
4 · Schrodinger, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Schrodinger EVP Kenneth Lorton Sells 1,222 Shares
What Happened
Kenneth Patrick Lorton, EVP, CTO & COO (Software) of Schrodinger, Inc. (SDGR), sold 1,222 shares on 2026-03-05 for a weighted average price of $12.90, resulting in proceeds of approximately $15,761. This was a sale (not a purchase) and was executed to satisfy withholding tax on vested restricted stock units (RSUs), not a discretionary trade.
Key Details
- Transaction date: 2026-03-05; Form filed: 2026-03-06 (timely).
- Transaction type/code: Sale (S). Weighted average price reported: $12.90; sale prices ranged $12.75–$12.98.
- Shares sold: 1,222; proceeds ≈ $15,761.
- Shares owned after transaction: Filing notes include 49,230 unvested RSUs (the Form 4 does not provide a separate total beneficial ownership number in the supplied details).
- Footnotes: Sale effected under a durable Rule 10b5-1 automatic sale instruction adopted 2023-03-09 and was a broker-assisted sale to satisfy tax withholding (not a discretionary trade). The filer can provide a per-price breakdown on request.
Context
This was a routine, tax-withholding-driven sale of RSU shares under a pre-established 10b5-1 plan. Such sales are common when RSUs vest and do not, by themselves, indicate insider sentiment about the company’s prospects.
Insider Transaction Report
Form 4
Lorton Kenneth Patrick
EVP, CTO & COO, Software
Transactions
- Sale
Common Stock
[F1][F2][F3]2026-03-05$12.90/sh−1,222$15,761→ 89,241 total
Footnotes (3)
- [F1]This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on March 9, 2023, represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units ("RSUs"). The sale does not represent a discretionary trade by the reporting person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.75 to $12.98, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) of this Form 4.
- [F3]Includes 49,230 unvested RSUs.
Signature
/s/ Donald Shum, as attorney-in-fact for Kenneth Patrick Lorton|2026-03-06