Caryn Parlavecchio - Jan 17, 2023 Form 4 Insider Report for Scholar Rock Holding Corp (SRRK)

Role
CHRO
Signature
/s/ Junlin Ho, Attorney-in-Fact for Caryn Parlavecchio
Stock symbol
SRRK
Transactions as of
Jan 17, 2023
Transactions value $
-$33,096
Form type
4
Date filed
1/19/2023, 05:18 PM
Previous filing
Aug 17, 2022
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRRK Common Stock Tax liability -$33.1K -2.93K -3.73% $11.28 75.7K Jan 17, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the reporting person to cover the tax withholding obligation in connection with the vesting of restricted stock units ("RSU") on January 15, 2023. This sale is mandated by the Issuer's election under its equity incentive plans to require the reporting person to fund this tax withholding obligation by completing a "sell to cover" transaction with a brokerage firm designated by the Issuer. This sale does not represent a discretionary trade by the reporting person. The shares vested pursuant to an award that was granted on February 14, 2022. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The shares subject to this RSU award vest annually over four years, subject to a continued service relationship with the Issuer on such applicable vesting date.
F2 This price reported above represents the weighted average selling price, as the transaction was executed in multiple trades. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected to the SEC staff upon request.
F3 Consists of 6,740 shares of common stock and 68,975 RSUs.