Jay Flynn - 09 Jan 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role: EVP and GM, Research
Signature: /s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Issuer symbol: WLY
Transactions as of: 09 Jan 2023
Net transactions value: -$185,651
Form type: 4
Filing time: 10 Jan 2023, 16:14:58 UTC
Previous filing: 19 Sep 2022
Next filing: 03 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WLY	Class A Common	Options Exercise	$0	+10,338	+529%	$0.000000	12,293	09 Jan 2023	Direct
transaction	WLY	Class A Common	Tax liability	$185,651	-4,358	-35%	$42.60	7,935	09 Jan 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	-10,338	-100%	$0.000000^*	0	09 Jan 2023	Class A Common	10,338		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.