Jain Rachit 4
4 · Schrodinger, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Schrodinger (SDGR) CFO Rachit Jain Sells 1,631 Shares
What Happened
Rachit Jain (EVP & CFO) reported the sale of 1,631 shares of Schrodinger on March 5, 2026. The shares were disposed of in an open-market/broker-assisted transaction at a weighted average price of $12.90, producing proceeds of approximately $21,033. This was a sale (not a purchase) and was executed to satisfy tax withholding obligations on vested restricted stock units (RSUs).
Key Details
- Transaction date: 2026-03-05; filing date: 2026-03-06 (timely filing).
- Shares sold: 1,631; weighted average price reported: $12.90; execution prices ranged from $12.75 to $12.98.
- Purpose / footnote: Sale effected under a durable Rule 10b5-1 automatic sale instruction adopted March 3, 2024; broker-assisted sale to cover withholding tax on RSU vesting — not a discretionary trade.
- Ownership reported: filing notes 47,997 unvested RSUs; the summary provided does not specify total beneficially owned shares after the sale.
- Transaction code: S = Sale. No indication this was a late filing.
Context
This was a routine, non-discretionary sale to cover tax withholding on vested RSUs under a pre-established 10b5-1 plan. Such tax-withholding sales are common and generally less informative about an insider’s view of company prospects than voluntary open-market purchases. The proceeds (~$21k) are relatively small relative to typical insider trades.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-05$12.90/sh−1,631$21,033→ 52,596 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 3, 2024, 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 47,997 unvested RSUs.