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

Caryn Parlavecchio, CHRO of Scholar Rock Holding Corp, sold 1,451 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Caryn Parlavecchio, the Chief Human Resources Officer of Scholar Rock Holding Corp, executed a transaction on August 16, 2024.
• Parlavecchio sold 1,451 shares of common stock at a price of $9.33 per share.
• The sale was to cover tax withholding obligations related to the vesting of restricted stock units (RSUs) on August 15, 2024.
• This sale was mandated by Scholar Rock's equity incentive plans, requiring Parlavecchio to fund the tax obligation through a 'sell to cover' transaction.
• Following the transaction, Parlavecchio beneficially owns 151,988 shares, consisting of 39,819 shares of common stock and 112,169 RSUs.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Sell-to-cover transactions are a standard practice in many companies to manage the tax implications of equity compensation.
• The vesting schedule of the RSUs (annually over four years) is a typical vesting arrangement.

Stakeholder Impact

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

Key Dates