Kenneth Patrick Lorton - Feb 11, 2025 Form 4 Insider Report for Schrodinger, Inc. (SDGR)

Signature
/s/ Donald Shum, as attorney-in-fact for Kenneth Patrick Lorton
Stock symbol
SDGR
Transactions as of
Feb 11, 2025
Transactions value $
-$24,064
Form type
4
Date filed
2/12/2025, 04:08 PM
Previous filing
Mar 22, 2024
Next filing
Mar 4, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SDGR Common Stock Sale -$24.1K -985 -2.34% $24.43 41.1K Feb 11, 2025 Direct F1, F2
* 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 This sale was effected pursuant to a durable automatic sale instruction under Rule 10b5-1 adopted by the reporting person on March 9, 2023, and represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting of restricted stock units ("RSUs"). The sale does not represent a discretionary trade by the reporting person.
F2 Includes 4,085 unvested RSUs.