Herman Jenny 4

What Happened
Jenny Herman, Chief Accounting Officer of Schrodinger, sold 752 shares of SDGR stock on February 10, 2026. The shares were disposed in a broker-assisted sale under a durable 10b5-1 plan, generating about $10,370 in proceeds (weighted average price $13.79; trades ranged $13.71–$13.85). This was a sale to satisfy withholding tax from RSU vesting and was not a discretionary trade by the reporting person.

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (timely — within the usual two-business-day window).
• Transaction type: Sale (S); 752 shares sold for total proceeds of $10,370. Weighted average price $13.79; per-share prices ranged $13.71–$13.85.
• Footnotes: Sale executed under a 10b5-1 plan adopted Mar 11, 2023 (broker-assisted to cover tax withholding). Reporting person will provide breakdown of number of shares sold at each price upon request.
• Holdings note: Filing discloses 17,285 unvested RSUs (per footnote). The sale relates to tax withholding on RSU vesting, not a new sale of vested holdings.

Context
Sales executed solely to cover tax withholding on vested awards are routine and non-discretionary; they generally provide less insight into an insider’s view of the company than outright purchases. The transaction size here (~$10K) is small relative to typical insider trades.