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

Mo Qatanani, Chief Scientific Officer of Scholar Rock Holding Corp, sold 2,315 shares of common stock on June 17, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On June 17, 2024, Mo Qatanani, the Chief Scientific Officer of Scholar Rock Holding Corp, sold 2,315 shares of common stock at a price of $8.985 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
• This sale was 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.
• The shares vested pursuant to awards that were granted on June 16, 2022.
• Following the transaction, Qatanani beneficially owns 144,704 securities, consisting of 15,607 shares of common stock and 129,097 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock sale to cover tax obligations. It doesn't inherently indicate positive or negative sentiment, as it's a routine transaction.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and other insiders. This transaction is a 'sell to cover' which is a common practice to manage tax obligations associated with equity compensation.

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 (tax obligations).

Key Dates