Herman Jenny 4
4 · Schrodinger, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Schrodinger (SDGR) CAO Jenny Herman Sells 1,383 Shares
What Happened
Jenny Herman, Chief Accounting Officer of Schrodinger, sold a total of 1,383 shares in two broker-assisted open-market transactions: 775 shares on 2026-03-05 (weighted avg price $12.85; proceeds $9,956) and 608 shares on 2026-03-06 (weighted avg price $12.84; proceeds $7,808). Combined proceeds were $17,764. The filing indicates these sales were made pursuant to a Rule 10b5-1 automatic sale instruction to satisfy tax withholding on vested RSUs, so they were not discretionary trades.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-05: 775 shares; weighted avg $12.85 (individual trade prices reported in filing ranged $12.73–$12.96).
- 2026-03-06: 608 shares; weighted avg $12.84 (individual trade prices ranged $12.715–$12.92).
- Total shares sold: 1,383; total proceeds reported: $17,764.
- Shares owned after transaction: Filing does not state a total share count after these sales; it notes holdings include 22,597 unvested RSUs.
- Notable footnotes: Sales were effected under a durable Rule 10b5-1 plan and were broker-assisted to cover RSU tax withholding (not discretionary). Weighted-average prices reflect multiple trades; the filer will provide breakdowns on request.
- Filing timeliness: Form 4 was filed 2026-03-06 covering transactions on 3/5 and 3/6; the filing appears timely.
Context
These sales were for tax-withholding related to RSU vesting and executed under a pre-set 10b5-1 plan — a common, non-discretionary mechanism executives use to cover withholding obligations. Such routine, plan-driven sales typically do not signal a change in insider sentiment the way voluntary market purchases might.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-05$12.85/sh−775$9,956→ 35,412 total - Sale
Common Stock
[F1][F3][F4]2026-03-06$12.84/sh−608$7,808→ 34,804 total
Footnotes (4)
- [F1]This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on March 11, 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 $12.73 to $12.96, 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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.715 to $12.92, 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 (3) of this Form 4.
- [F4]Includes an aggregate of 22,597 unvested RSUs.