Zachary Sims - Jun 1, 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
GM Tech & Dev, CEO Codecademy
Signature
/s/ Sarah Hilty, as attorney-in-fact for Zachary Sims
Stock symbol
SKIL
Transactions as of
Jun 1, 2022
Transactions value $
-$22,016
Form type
4
Date filed
6/3/2022, 06:41 PM
Previous filing
May 3, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A Common Stock Options Exercise $0 +8.83K +0.23% $0.00 3.84M Jun 1, 2022 Direct
transaction SKIL Class A Common Stock Tax liability -$22K -3.81K -0.1% $5.78 3.84M Jun 1, 2022 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 SKIL Restricted Stock Units Options Exercise $0 -8.83K -2.7% $0.00 318K Jun 1, 2022 Class A Common Stock 8.83K Direct F2, F3
transaction SKIL Restricted Stock Units Award $0 +380K $0.00 380K Jun 3, 2022 Class A Common Stock 380K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3 The restricted stock units vest in 38 equal monthly installments beginning May 1, 2022.
F4 The restricted stock units vest in four equal annual installments beginning June 1, 2023.