Form 4: Scholar Rock Holding Corp Executive Sells Shares to Cover Tax Obligations

Junlin Ho, General Counsel of Scholar Rock Holding Corp, sold 9,039 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Junlin Ho, the General Counsel of Scholar Rock Holding Corp, sold 9,039 shares of common stock on January 16, 2025.
• The sale was executed at a price of $44.1972 per share.
• This transaction was not a discretionary trade but rather a 'sell to cover' transaction mandated by the company to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The RSUs that vested were granted on February 1, 2021, February 14, 2022, and February 12, 2024.
• Following the transaction, Junlin Ho beneficially owns 195,037 shares, consisting of 91,946 shares of common stock and 103,091 RSUs.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to mandate 'sell to cover' transactions to manage tax obligations.

Comparison to Industry Standards

• Many companies use restricted stock units as part of their compensation packages.
• It is standard practice for companies to facilitate 'sell to cover' transactions for employees to meet tax obligations.
• The vesting schedule of the RSUs, annually over four years, is a common practice in the industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock sale, restricted stock units, tax withholding, Junlin Ho, Scholar Rock Holding Corp, SRRK