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

Edward H. Myles, COO & CFO of Scholar Rock Holding Corp, sold 9,458 shares of common stock on June 17, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On June 17, 2024, Edward H. Myles, the COO & CFO of Scholar Rock Holding Corp, sold 9,458 shares of the company's common stock.
• The sale was executed at a price of $8.9848 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).
• The RSUs vested on June 17, 2024, and were granted on June 16, 2022.
• The RSUs vest annually over three years, contingent upon continued service with the Issuer.
• Following the reported transaction, Myles beneficially owns 201,518 shares, consisting of 40,430 shares of common stock and 161,088 RSUs.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

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.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates