Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SKIL | Employee stock option (right to buy) | Award | $0 | +259K | $0.00 | 259K | Jun 11, 2021 | Class A common stock | 259K | $10.75 | Direct | F1 | |
transaction | SKIL | Restricted Stock Units | Award | $0 | +129K | $0.00 | 129K | Jun 11, 2021 | Class A common stock | 129K | Direct | F2, F3 | ||
transaction | SKIL | Restricted Stock Units | Award | $0 | +129K | $0.00 | 129K | Jun 11, 2021 | Class A common stock | 129K | Direct | F2, F4 |
Id | Content |
---|---|
F1 | 25% of the options will vest on June 11, 2022. The remaining 75% of the options will vest in twelve equal quarterly installments thereafter. |
F2 | Each restricted stock unit represents a contingent right to receive one share of Class A common stock, par value $0.001 per share, of Skillsoft Corp. ("Common Stock"). |
F3 | The restricted stock units vest in four equal annual installments beginning June 11, 2022. |
F4 | The restricted stock units vest in four equal annual installments beginning June 11, 2022, but only if the closing price of a share of Common Stock, as reported on the New York Stock Exchange, equals or exceeds $12.50 on at least 20 out of 30 consecutive trading days prior to June 11, 2025. |