Ian Kendell Snow - May 25, 2022 Form 4 Insider Report for LAUREATE EDUCATION, INC. (LAUR)

Role: Director, 10%+ Owner
Signature: /s/ SPG GP, LLC
Stock symbol: LAUR
Transactions as of: May 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/27/2022, 04:31 PM
Previous filing: Apr 19, 2022
Next filing: May 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAUR	Common Stock	Award	$0	+9.18K	+37.86%	$0.00	33.4K	May 25, 2022	See footnote	F1, F2
holding	LAUR	Common Stock						2.84M	May 25, 2022	See footnote	F3
holding	LAUR	Common Stock						2.07M	May 25, 2022	See footnote	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects a grant of 2,174 shares of common stock and 7,003 restricted stock units ("RSUs") as part of the 2022 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc.: 2,713 RSUs vest on June 30, 2022 and 2,415 RSUs vest on each of September 30, 2022 and December 31, 2022.
F2	Snow Phipps Group, LLC, Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P ., and Snow Phipps Group (RPV), L.P. beneficially own such shares indirectly as a result of contractual arrangements with Mr. Snow. Mr. Snow disclaims beneficial ownership of the securities to the extent it exceeds his pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported securities for the purposes of Section 16 of the Exchange Act or otherwise.
F3	Represents shares of Common Stock held directly by Wengen Alberta, Limited Partnership ("Wengen"), whose general partner is Wengen Investments Limited. Certain investors, including, but not limited to, certain investment funds and other persons affiliated with or managed by Sterling Fund Management, LLC, Cohen Private Ventures, LLC and Snow Phipps Group, LLC have interests in the Issuer through Wengen.
F4	Represents shares of Common Stock held directly by SPG GP, LLC, SPG Co-Investment, L.P., Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., Snow Phipps Group, LLC and Snow Phipps Group (RPV), L.P.

Remarks:

Exhibit 99.1 - Joint Filer Information, incorporated herein by reference.