Eric Stine - Jun 11, 2021 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Chief Revenue Officer
Signature
/s/ Eric Stine
Stock symbol
SKIL
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
4
Date filed
6/14/2021, 06:00 PM
Next filing
Jun 3, 2022

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

Explanation of Responses:

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.