Form 4: Scholar Rock General Counsel Sells Shares to Cover Tax Obligations

Scholar Rock Holding Corp's General Counsel, Junlin Ho, executed a non-discretionary sale of 7,442 common shares to satisfy tax withholding obligations related to the vesting of restricted stock units.

Summary

• Junlin Ho, General Counsel of Scholar Rock Holding Corp (SRRK), reported a transaction involving the sale of common stock.
• The transaction occurred on June 16, 2025, and involved the disposition of 7,442 shares of common stock.
• The shares were sold at a price of $32.0014 per share.
• This sale was explicitly stated as a 'sell to cover' transaction, mandated by the Issuer's equity incentive plans to fund tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• The sale does not represent a discretionary trade by the Reporting Person.
• The RSUs, which vested on June 15, 2025, were originally granted on June 16, 2022.
• Following this transaction, Junlin Ho beneficially owns 222,569 shares, consisting of 105,648 shares of common stock and 116,921 RSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transaction is a routine, non-discretionary 'sell to cover' for tax purposes, which is a common occurrence for executives receiving equity compensation and does not reflect a change in management's view of the company's prospects.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.

Management Comments

• The sale represents the number of shares required to be sold by the Reporting Person to cover the tax withholding obligation in connection with the vesting of restricted stock units.
• This sale is mandated by the Issuer's election under its equity incentive plans to require the Reporting Person to fund this tax withholding obligation by completing a 'sell to cover' transaction with a brokerage firm designated by the Issuer.
• This sale does not represent a discretionary trade by the Reporting Person.

Industry Context

This Form 4 filing reports a routine insider transaction related to equity compensation. It does not provide insights into broader industry trends or competitive dynamics, as 'sell to cover' transactions are standard procedures for executives receiving equity awards.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in insider sentiment or company fundamentals.

Key Dates

Keywords

Scholar Rock Holding Corp, SRRK, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Sell to Cover, Tax Withholding, Equity Incentive Plan, Common Stock