Kenneth Patrick Lorton - 09 Feb 2023 Form 4 Insider Report for Schrodinger, Inc. (SDGR)

Role: EVP & Chief Technology Officer
Signature: /s/ Donald Shum, as attorney-in-fact for Kenneth Patrick Lorton
Issuer symbol: SDGR
Transactions as of: 09 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 10 Feb 2023, 16:02:27 UTC
Previous filing: 09 Feb 2022
Next filing: 24 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SDGR	Common Stock	Award	$0	+8,170	+17%	$0.000000	57,388	09 Feb 2023	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	SDGR	Stock Option (right to buy)	Award	$0	+49,000		$0.000000	49,000	09 Feb 2023	Common Stock	49,000	$23.29	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of restricted stock units ("RSUs") under the Issuer's 2022 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs were granted on February 9, 2023 and will vest in equal installments on each of February 9, 2024, 2025, 2026 and 2027, subject to the Reporting Person's continued service with the company.
F2	Includes 8,170 unvested RSUs.
F3	The option was granted on February 9, 2023. The shares underlying the option are scheduled to vest with respect to 25% of the shares on February 9, 2024 and the remainder are scheduled to vest in equal monthly installments through February 9, 2027.