Lorton Kenneth Patrick 4

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.