Aref Matin - 01 May 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role: EVP, Chief Technology Officer
Signature: /s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Issuer symbol: WLY
Transactions as of: 01 May 2023
Net transactions value: -$92,315
Form type: 4
Filing time: 03 May 2023, 11:20:41 UTC
Previous filing: 17 Jan 2023
Next filing: 23 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	+1,721	+21%	$0.000000	9,887	01 May 2023	Direct
transaction	WLY	Class A Common	Options Exercise	$0	+1,908	+19%	$0.000000	11,795	01 May 2023	Direct
transaction	WLY	Class A Common	Options Exercise	$0	+1,890	+16%	$0.000000	13,685	01 May 2023	Direct
transaction	WLY	Class A Common	Options Exercise	$0	+2,351	+17%	$0.000000	16,036	01 May 2023	Direct
transaction	WLY	Class A Common	Tax liability	$92,315	-2,416	-15%	$38.21	13,620	01 May 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	-1,721	-100%	$0.000000^*	0	01 May 2023	Class A Common	1,721		Direct	F2, F3, F4, F5, F6
transaction	WLY	Restricted Stock Units	Options Exercise	$0	-1,908	-50%	$0.000000	1,908	01 May 2023	Class A Common	1,908		Direct	F2, F3, F5, F7
transaction	WLY	Restricted Stock Units	Options Exercise	$0	-1,890	-33%	$0.000000	3,780	01 May 2023	Class A Common	1,890		Direct	F2, F3, F5, F8
transaction	WLY	Restricted Stock Units	Options Exercise	$0	-2,351	-25%	$0.000000	7,056	01 May 2023	Class A Common	2,351		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.