Jeffrey R. Tarr - 11 Jun 2021 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Chief Executive Officer, Director
Signature
/s/ Jeffrey R. Tarr
Issuer symbol
SKIL
Transactions as of
11 Jun 2021
Net transactions value
$0
Form type
4
Filing time
14 Jun 2021, 18:01:17 UTC
Next filing
06 Jul 2021
SEC
View on sec.gov

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 +1,000,000 $0.000000 1,000,000 11 Jun 2021 Class A common stock 1,000,000 $10.75 Direct F1
transaction SKIL Restricted Stock Units Award $0 +2,000,000 $0.000000 2,000,000 11 Jun 2021 Class A common stock 2,000,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options will vest in sixteen equal quarterly installments beginning September 11, 2021.
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 twelve equal quarterly installments beginning September 11, 2021.