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

Caryn Parlavecchio, CHRO of Scholar Rock Holding Corp, sold 4,305 shares of common stock on June 17, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• Caryn Parlavecchio, the CHRO of Scholar Rock Holding Corp, reported a transaction on June 17, 2024.
• She sold 4,305 shares of common stock at a price of $8.9849 per share.
• The sale was to cover tax withholding obligations related to 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.
• Following the transaction, Parlavecchio beneficially owns 153,439 shares, consisting of 37,070 shares of common stock and 116,369 RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company insider to cover tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant as it is related to tax obligations.

Key Dates