Todd S. Nelson - Mar 27, 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
Mar 27, 2024
Transactions value $
-$312,909
Form type
4
Date filed
3/29/2024, 04:15 PM
Previous filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock -Sell -$283,200 -16,000 -2.53% $17.70 617,367 Mar 27, 2024 Direct F1
transaction PRDO Common Stock -Sell -$29,709 -1,670 -0.27% $17.79 615,697 Mar 28, 2024 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 This transaction was executed in multiple trades at prices ranging from $17.61 to $17.80. This price reported in Column 4 reflects the weighted average purchase prices. The Reporting Person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction were effected.
F2 Includes 424,451 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the Compensation Plan, with each unit representing the contingent right to receive on share of Issuer's common stock.