Lawrence Charles Illg - Jun 23, 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Director
Signature
/s/ Sarah Hilty, as attorney-in-fact for Lawrence Charles Illg
Stock symbol
SKIL
Transactions as of
Jun 23, 2022
Transactions value $
$0
Form type
4
Date filed
6/24/2022, 07:48 PM
Previous filing
Jun 17, 2022
Next filing
Dec 23, 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 Restricted Stock Units Options Exercise $0 -21.6 K -100% $0.00 0 Jun 23, 2022 Class A Common Stock 21.6 K Direct F1, F2
transaction SKIL Phantom Stock Options Exercise $0 +21.6 K $0.00 21.6 K Jun 23, 2022 Class A Common Stock 21.6 K Direct F3
transaction SKIL Restricted Stock Units Award $0 +35.4 K $0.00 35.4 K Jun 23, 2022 Class A Common Stock 35.4 K Direct F1, F4

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F2 The restricted stock units vest on the earlier of December 28, 2022 or the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
F3 Each share of phantom stock represents a contingent right to receive one share of Class A common stock of the Issuer and resulted from the deferral of vested restricted stock unit award shares.
F4 The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.