Form 4: Schrodinger Executive Sells Shares to Cover Tax Obligations

Robert Lorne Abel, EVP and Chief Scientific Officer at Schrodinger, Inc., sold 1,225 shares of common stock on February 10, 2025, to cover withholding tax liabilities related to vested restricted stock units.

Summary

• On February 10, 2025, Robert Lorne Abel, an executive at Schrodinger, Inc., sold 1,225 shares of the company's common stock.
• The sale was executed at a price of $25.99 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2023.
• The purpose of the sale was to cover the withholding tax liability incurred upon the vesting of restricted stock units (RSUs).
• Following the transaction, Abel directly owns 8,115 shares of Schrodinger, Inc., which includes 5,273 unvested RSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Insider sales are a common occurrence, especially when executives exercise stock options or RSUs, leading to tax obligations. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on current insider information.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the context of tax obligations and the pre-arranged trading plan.

Key Dates