Form 4: Schrodinger Director Friesner Reports Share Transfers

Richard Friesner, a Director at Schrodinger, Inc., reported transactions involving the transfer of common stock from a grantor retained annuity trust to a family trust and direct ownership.

Summary

• Richard Friesner, a Director at Schrodinger, Inc., reported a series of transactions on June 26, 2026.
• 679,373 shares were transferred from the RF 2018 GRAT to the RF 2018 Family Trust.
• The remaining shares from the GRAT were distributed to Dr. Friesner, who is the trustee and sole annuitant, and are now reported as directly owned.
• The Family Trust holds shares where Dr. Friesner's spouse is a trustee and his children are beneficiaries; Dr. Friesner disclaims beneficial ownership except for his pecuniary interest.
• Additional holdings include 28,328 shares held indirectly by his spouse and 705,917 shares directly owned.
• The filing also notes 8,141 unvested RSUs and 2,335 shares previously transferred from the GRAT to Dr. Friesner that were incorrectly reported as indirectly owned.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily detailing routine trust and share transfers by a director, with no immediate indication of positive or negative performance.

Positives

• Direct ownership of shares by Dr. Friesner has increased.
• Clarification of previously misreported share ownership.

Negatives

• Significant portion of shares (679,373) transferred to a family trust, with beneficial ownership disclaimed by Dr. Friesner except for pecuniary interest.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not inherently signal strategic shifts, but they provide transparency into executive and director holdings.

Related Party Transactions

• Transfer of 679,373 shares from RF 2018 GRAT to RF 2018 Family Trust.
• Shares held by the Family Trust where Dr. Friesner's spouse is trustee and children are beneficiaries.

Stakeholder Impact

• Shareholders gain transparency into director's direct and indirect beneficial ownership.
• Potential for indirect impact on beneficiaries of the Family Trust.

Key Dates

Keywords

Schrodinger Inc, SDGR, Form 4, Insider Trading, Share Transfer, Beneficial Ownership, Director, Grantor Retained Annuity Trust, Family Trust, RSUs