Todd S. Nelson - Feb 1, 2024 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
President and CEO, Director
Signature
Todd S. Nelson by POA: Jeff Wigfield
Stock symbol
PRDO
Transactions as of
Feb 1, 2024
Transactions value $
-$119,850
Form type
4
Date filed
2/5/2024, 04:28 PM
Previous filing
Jan 30, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock +Options Exercise $131,100 +9,500 +1.39% $13.80 694,598 Feb 1, 2024 Direct
transaction PRDO Common Stock -Sell -$175,750 -9,500 -1.37% $18.50 685,098 Feb 1, 2024 Direct
transaction PRDO Common Stock +Options Exercise $220,800 +16,000 +2.34% $13.80 701,098 Feb 2, 2024 Direct
transaction PRDO Common Stock -Sell -$296,000 -16,000 -2.28% $18.50 685,098 Feb 2, 2024 Direct F1

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 PRDO Non-Qualified Option (right to buy) -Options Exercise $0 -9,500 -25.02% $0.00 28,472 Feb 1, 2024 Common Stock 9,500 $13.80 Direct F2
transaction PRDO Non-Qualified Option (right to buy) -Options Exercise $0 -16,000 -56.2% $0.00 12,472 Feb 2, 2024 Common Stock 16,000 $13.80 Direct F2

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 493,852 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock.
F2 On March 6, 2018 the Reporting Person was granted 133,972 non-qualified stock options. The option grant vested in four installments on March 14, 2019, 2020, 2021 and 2022.