Form 4: Schrodinger EVP, CLO & CPO Yvonne Tran Sells Shares to Cover Tax Obligations

Yvonne Tran, EVP, CLO & CPO of Schrodinger, Inc., sold 828 shares of common stock on February 11, 2025, to cover withholding tax liabilities related to vesting restricted stock units.

Summary

• On February 11, 2025, Yvonne Tran, the EVP, CLO & CPO of Schrodinger, Inc., sold 828 shares of the company's common stock.
• The sale was executed at a price of $24.43 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 8, 2023.
• The purpose of the sale was to cover withholding tax obligations arising from the vesting of restricted stock units (RSUs).
• Following the transaction, Tran directly owns 11,135 shares of Schrodinger, Inc., which includes 3,795 unvested RSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares for tax purposes under a pre-existing 10b5-1 plan.

Industry Context

Sales of shares by company executives are a normal part of executive compensation and financial planning. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on insider information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold and the pre-planned nature of the transaction.

Key Dates