Edward H. Myles - Dec 7, 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
Dec 7, 2023
Transactions value $
-$315,738
Form type
4
Date filed
12/8/2023, 04:12 PM
Previous filing
Nov 3, 2023
Next filing
Dec 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRRK Common Stock Options Exercise $121K +24.9K +14.76% $4.86 194K Dec 7, 2023 Direct F1, F2
transaction SRRK Common Stock Sale -$437K -24.9K -12.86% $17.53 169K Dec 7, 2023 Direct F1, F3, F4

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 -24.9K -33.33% $0.00 49.8K Dec 7, 2023 Common Stock 24.9K $4.86 Direct F1, F5
* 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 31, 2023.
F2 Consists of 24,914 shares of common stock and 168,784 restricted stock units ("RSU").
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.5 to $17.55. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F4 Consists of 168,784 RSUs.
F5 Options shall vest and become exercisable in twelve quarterly installments over three years, with the first quarterly installment to vest on September 16, 2022 and each additional installment to vest quarterly thereafter, provided the individual continues to have a service relationship with the Company on such vesting date.