Jay Flynn - Jan 9, 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
EVP and GM, Research
Signature
/s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Stock symbol
WLY
Transactions as of
Jan 9, 2023
Transactions value $
-$185,651
Form type
4
Date filed
1/10/2023, 04:14 PM
Previous filing
Sep 19, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLY Class A Common Options Exercise $0 +10.3K +528.8% $0.00 12.3K Jan 9, 2023 Direct
transaction WLY Class A Common Tax liability -$186K -4.36K -35.45% $42.60 7.94K Jan 9, 2023 Direct F1

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 WLY Restricted Stock Units Options Exercise $0 -10.3K -100% $0.00* 0 Jan 9, 2023 Class A Common 10.3K Direct F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares surrendered to cover withholding tax liability due upon vesting of restricted stock units.
F2 1-for-1
F3 Vesting date was on a Sunday, therefore, transaction was processed on the following Monday, January 9, 2023.
F4 On January 8, 2020, reporting person was granted 10,338 restricted stock units scheduled to vest on January 8, 2023. Restricted stock units are subject to forfeiture under the terms and conditions of the grant.
F5 Previously, outstanding beneficial ownership reported was the outstanding restricted stock units balance for all grants awarded. As of this filing, and on future filings, reporting of restricted stock units beneficially owned will be on an individual grant basis. As a result of this transaction, all restricted stock units for the January 8, 2020 grant have vested.