Aref Matin - May 1, 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role: EVP, Chief Technology Officer
Signature: /s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Stock symbol: WLY
Transactions as of: May 1, 2023
Transactions value $: -$92,315
Form type: 4
Date filed: 5/3/2023, 11:20 AM
Previous filing: Jan 17, 2023
Next filing: May 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WLY	Class A Common	Options Exercise	$0	+1.72K	+21.08%	$0.00	9.89K	May 1, 2023	Direct
transaction	WLY	Class A Common	Options Exercise	$0	+1.91K	+19.3%	$0.00	11.8K	May 1, 2023	Direct
transaction	WLY	Class A Common	Options Exercise	$0	+1.89K	+16.02%	$0.00	13.7K	May 1, 2023	Direct
transaction	WLY	Class A Common	Options Exercise	$0	+2.35K	+17.18%	$0.00	16K	May 1, 2023	Direct
transaction	WLY	Class A Common	Tax liability	-$92.3K	-2.42K	-15.07%	$38.21	13.6K	May 1, 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	-1.72K	-100%	$0.00^*	0	May 1, 2023	Class A Common	1.72K		Direct	F2, F3, F4, F5, F6
transaction	WLY	Restricted Stock Units	Options Exercise	$0	-1.91K	-50%	$0.00	1.91K	May 1, 2023	Class A Common	1.91K		Direct	F2, F3, F5, F7
transaction	WLY	Restricted Stock Units	Options Exercise	$0	-1.89K	-33.33%	$0.00	3.78K	May 1, 2023	Class A Common	1.89K		Direct	F2, F3, F5, F8
transaction	WLY	Restricted Stock Units	Options Exercise	$0	-2.35K	-24.99%	$0.00	7.06K	May 1, 2023	Class A Common	2.35K		Direct	F2, F3, F5, F9

* 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 of April 30, 2023 was a Sunday, therefore, the transaction was processed on the following Monday, May 1, 2023.
F4	On June 27, 2019, the reporting person was granted 6,884 restricted stock units, vesting in four equal annual installments beginning on April 30th of each year after 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.
F6	As a result of this transaction, all restricted stock units for the June 27, 2019 grant have vested.
F7	On June 26, 2020, the reporting person was granted 7,631 restricted stock units, vesting in four equal annual installments beginning on April 30th of each year after grant. Restricted stock units are subject to forfeiture under the terms and conditions of the grant.
F8	On June 24, 2021, the reporting person was granted 7,560 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. Restricted stock units are subject to forfeiture under the terms and conditions of the grant.
F9	On June 22, 2022, the reporting person was granted 9,407 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. Restricted stock units are subject to forfeiture under the terms and conditions of the grant.