Geoffrey Craig Porges - Mar 4, 2024 Form 4 Insider Report for Schrodinger, Inc. (SDGR)

Role
EVP & CFO
Signature
/s/ Donald Shum, as attorney-in-fact for Geoffrey Craig Porges
Stock symbol
SDGR
Transactions as of
Mar 4, 2024
Transactions value $
-$87,360
Form type
4
Date filed
3/5/2024, 05:13 PM
Previous filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDGR Common Stock Award $0 +9K $0.00 9K Mar 4, 2024 Direct F1
transaction SDGR Common Stock Sale -$87.4K -3.32K -36.83% $26.35 5.69K Mar 4, 2024 Direct 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 +90K $0.00 90K Mar 4, 2024 Common Stock 90K $25.24 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the portion of the performance-based restricted stock units ("PRSUs") that were awarded to the reporting person on August 18, 2022 in connection with the commencement of his employment that vested on March 4, 2024 following certification by the compensation committee of the issuer's board of directors of the level of achievement of certain performance metrics for the PRSUs.
F2 This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on August 16, 2022 and represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of the PRSUs on March 4, 2024. The sale does not represent a discretionary trade by the reporting person.
F3 The option was granted on March 4, 2024. The shares underlying the option are scheduled to vest with respect to 25% of the shares on March 4, 2025 and the remainder are scheduled to vest in equal monthly installments through March 4, 2028.