Edward H. Myles - Oct 8, 2024 Form 4 Insider Report for Scholar Rock Holding Corp (SRRK)

Role
COO & CFO
Signature
/s/ Junlin Ho, Attorney-in-Fact for Edward H. Myles
Stock symbol
SRRK
Transactions as of
Oct 8, 2024
Transactions value $
-$925,789
Form type
4
Date filed
10/10/2024, 06:00 PM
Previous filing
Oct 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRRK Common Stock Options Exercise $372K +37.2K +23.08% $10.00 198K Oct 8, 2024 Direct F1
transaction SRRK Common Stock Sale -$1.3M -37.2K -18.76% $34.90* 161K Oct 8, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRRK Stock Option (Right to Buy) Options Exercise $0 -37.2K -43.75% $0.00 47.8K Oct 8, 2024 Common Stock 37.2K $10.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These transactions were effected by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted on March 7, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.50 to $35.32, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3 The shares underlying this option vest in sixteen quarterly installments over four years, with the first quarterly installment vested on April 1, 2023 and each additional installment to vest quarterly thereafter; provided the individual continues to have a service relationship with the Issuer on each such vesting date.