Form 4: Scholar Rock COO & CFO Sells Shares to Cover Tax Obligations

Edward H. Myles, COO & CFO of Scholar Rock Holding Corp, sold 7,809 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On February 18, 2025, Edward H. Myles, the COO & CFO of Scholar Rock Holding Corp, sold 7,809 shares of the company's common stock.
• The sale was executed at a price of $36.829 per share.
• This transaction was not a discretionary trade but was mandated by Scholar Rock's equity incentive plans to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs) on February 15, 2025.
• Following the transaction, Myles beneficially owns 140,740 shares, consisting of 29,395 shares of common stock and 111,345 RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company's performance.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction reflects standard compensation practices and tax management strategies.

Comparison to Industry Standards

• Similar 'sell to cover' transactions are frequently observed among executives at comparable biotech companies such as Biogen, Amgen, and Gilead Sciences.
• These companies also utilize equity compensation plans that trigger tax obligations upon vesting, leading to similar share sales by executives.

Key Dates

Keywords

Scholar Rock Holding Corp, SRRK, Edward H. Myles, COO, CFO, Form 4, Share Sale, Restricted Stock Units, Tax Withholding, Beneficial Ownership