Key facts
- This page summarizes Michael Stuart Klein's Form 4 filing for Skillsoft Corp. (SKIL).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 14 Jun 2021, 17:58.
Michael Stuart Klein - 11 Jun 2021 Form 4 Insider Report for Skillsoft Corp. (SKIL)
- Reporting relationship
- Director
- Issuer ticker
- SKIL
- Reported as of
- 11 Jun 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 14 Jun 2021, 17:58:04 UTC
- Prior SEC filing
- 01 Jun 2021
- Next SEC filing
- 07 Jul 2021
- Source filing
- View source filing
- Reporting owner signature
- See Signatures included in Exhibit 99.1
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Stuart Klein filed Form 4 for Skillsoft Corp. (SKIL) on 14 Jun 2021.
Change
- Previous filing in this sequence was filed on 01 Jun 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SKIL
transaction
Class A common stock
Options Exercise
- Transaction value
- Shares
- +17,250,000
- Change %
- Price
- Shares after
- 17,250,000
- Date
- 11 Jun 2021
- Ownership
- See footnotes
- Footnotes
- F1, F2, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SKIL
transaction
Derivative
Class B common stock
Options Exercise
- Transaction value
- Shares
- -17,250,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 11 Jun 2021
- Ownership
- See footnotes
- Underlying class
- Class A common stock
- Underlying amount
- 17,250,000
- Exercise price
- Footnotes
- F1, F2, F4
SKIL
transaction
Derivative
Warrants
Award
- Transaction value
- Shares
- +1,500,000
- Change %
- +10%
- Price
- Shares after
- 16,300,000
- Date
- 11 Jun 2021
- Ownership
- See footnotes
- Underlying class
- Class A common stock
- Underlying amount
- 1,500,000
- Exercise price
- $11.50
- Footnotes
- F1, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
This Form 4 is filed by the following Reporting Persons: Michael Stuart Klein, M. Klein Associates, Inc., and Churchill Sponsor II LLC ("Sponsor"). Because of the relationships among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests.
Footnote F2
Upon the consummation of the Issuer's business combination with Software Luxembourg Holding S.A. on June 11, 2021 (the "Business Combination"), each issued and outstanding share of Class B common stock of the Issuer automatically converted into one share of Class A common stock of the Issuer pursuant to the Issuer's certificate of incorporation in effect prior to the Business Combination.
Footnote F3
In connection with the consummation of the Business Combination, the Issuer issued 1,500,000 warrants to purchase one share of Class A common stock of the Issuer, subject to adjustment pursuant to the terms of the warrants, to Sponsor in satisfaction of the $1,500,000 working capital loan from the Sponsor to the Issuer. The warrants become exercisable on July 10, 2021 and expire at 5:00 p.m., New York City time, on June 11, 2026, or earlier upon their redemption or the liquidation of the Issuer pursuant to the terms of the warrants.
Footnote F4
Mr. Klein has a minority interest in M. Klein & Company, LLC, and is the controlling stockholder of M. Klein Associates, Inc., which is the managing member of Sponsor. Following the consummation of the Business Combination, the Reporting Persons own less than 10% of the outstanding Class A common stock of the Issuer. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, or otherwise, any of the Reporting Persons is the beneficial owner of any securities reported herein. The Reporting Persons disclaim beneficial ownership of any securities of the Issuer except to the extent of such Reporting Person's pecuniary interest therein.
SEC remarks
Exhibit 99.1 (Joint filer information) is incorporated by reference here.