Form 4: Schrodinger EVP Yvonne Tran Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
EVP, CLO & CPO of Schrodinger, Inc., Yvonne Tran, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On February 18, 2025, Yvonne Tran, EVP, CLO & CPO of Schrodinger, Inc., executed a stock option to acquire 3,902 shares of common stock at a price of $4.34 per share.
- Simultaneously, Tran sold 3,902 shares of common stock at a price of $28 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 9, 2024.
- Following these transactions, Tran beneficially owns 11,135 shares of common stock, which includes 3,795 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The transactions were pre-planned under a 10b5-1 plan, so they don't necessarily reflect a positive or negative outlook on the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares over time while avoiding accusations of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 11/29/2018 | Date the stock option was granted. |
| 05/09/2024 | Date the Rule 10b5-1 trading plan was adopted. |
| 02/18/2025 | Date of the stock option exercise and sale of shares. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
| 11/29/2028 | Expiration date of the stock option. |
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