Form 4: Schrodinger Director Gary Sender Receives Equity Grants Valued at $0

Schrodinger, Inc. Director Gary Sender was granted 5,997 restricted stock units and options to purchase 9,341 shares of common stock, vesting over one year, as part of the company's 2022 Equity Incentive Plan.

Summary

• Gary Sender, a Director of Schrodinger, Inc. (SDGR), was granted 5,997 restricted stock units (RSUs) and stock options for 9,341 shares of common stock on June 18, 2025.
• The RSUs and stock options were granted under the Issuer's 2022 Equity Incentive Plan, as amended.
• Each RSU represents a contingent right to receive one share of common stock.
• Both the RSUs and stock options were granted at a price of $0, indicating they are compensation awards.
• The awards are subject to a vesting schedule, which will occur on the twelve-month anniversary of the grant date (June 18, 2026) or, if earlier, the date of the next annual meeting of stockholders following the grant date, contingent upon continued service.
• Following these transactions, Gary Sender beneficially owns 17,247 shares of common stock (including the 5,997 unvested RSUs) and 9,341 stock options.

Sentiment

Score: 7

Explanation: The document reports a standard equity grant to a director, which is a positive for aligning management interests with shareholders. It's a routine compensation event, not indicative of significant operational or financial changes, hence a neutral to slightly positive sentiment.

Positives

• The equity grants align the interests of Director Gary Sender with those of the shareholders, as the value of his compensation is tied to the company's stock performance.
• The grants are part of a pre-existing equity incentive plan (2022 Equity Incentive Plan), indicating a structured approach to executive and director compensation.

Future Outlook

The granted restricted stock units and stock options are scheduled to vest on the twelve-month anniversary of the grant date (June 18, 2026) or, if earlier, the date of the next annual meeting of stockholders following the grant date, provided Gary Sender continues his service to the company.

Industry Context

This Form 4 filing represents a routine insider transaction, specifically the grant of equity compensation to a director. Such grants are common practice in publicly traded companies to incentivize and retain key personnel, aligning their financial interests with the long-term performance of the company. The specific terms, such as vesting schedules and exercise prices, are typically determined by the company's compensation committee and outlined in its equity incentive plans.

Related Party Transactions

• The grant of restricted stock units and stock options to Gary Sender, a director of Schrodinger, Inc., constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: The grants align the director's interests with shareholders, potentially leading to better long-term performance. However, they also represent dilution if the options are exercised and RSUs vest.
• Employees: The grants are part of an equity incentive plan, which may also be used for broader employee compensation, potentially boosting morale and retention.

Next Steps

• Vesting of 5,997 restricted stock units on June 18, 2026, or the date of the next annual meeting of stockholders, subject to continued service.
• Vesting of 9,341 stock options on June 18, 2026, or the date of the next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

Schrodinger Inc., SDGR, SEC Form 4, Insider Transaction, Restricted Stock Units, RSUs, Stock Options, Equity Incentive Plan, Director Compensation, Corporate Governance