Jay T. Backstrom - Feb 16, 2024 Form 4 Insider Report for Scholar Rock Holding Corp (SRRK)

Signature
/s/ Junlin Ho, Attorney-in-Fact for Jay T. Backstrom
Stock symbol
SRRK
Transactions as of
Feb 16, 2024
Transactions value $
-$182,842
Form type
4
Date filed
2/20/2024, 04:46 PM
Previous filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRRK Common Stock Sale -$183K -11.6K -3.19% $15.74 353K Feb 16, 2024 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 February 15, 2024. 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 February 13, 2023. 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 four years, subject to a continued service relationship with the Issuer on the applicable vesting date.
F2 Consists of 25,886 shares of common stock and 326,785 RSUs.