Edward H. Myles - Jun 21, 2023 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
Jun 21, 2023
Transactions value $
-$62,456
Form type
4
Date filed
6/22/2023, 06:33 PM
Previous filing
Feb 15, 2023
Next filing
Nov 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRRK Common Stock Tax liability -$62.5K -7.14K -3.38% $8.75 204K Jun 21, 2023 Direct F1, F2
* 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 June 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 awards that were granted on June 16, 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 these RSU awards vest annually over three years, subject to a continued service relationship with the Issuer on the applicable vesting date.
F2 Consists of 35,007 shares of common stock and 168,784 RSUs.