Herman Jenny 4

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.