Michael Klein - 23 Jun 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role: Director
Signature: /s/ Sarah Hilty, as attorney-in-fact for Michael Stuart Klein
Issuer symbol: SKIL
Transactions as of: 23 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 24 Jun 2022, 19:49:08 UTC
Previous filing: 28 Apr 2022
Next filing: 28 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKIL	Class A Common Stock	Options Exercise	$0	+21,621		$0.000000	21,621	23 Jun 2022	Direct
holding	SKIL	Class A Common Stock						6,694,338	23 Jun 2022	By M. Klein Associates, Inc.	F1
holding	SKIL	Class A Common Stock						3,559,690	23 Jun 2022	By Garden State Capital Partners LLC	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	-21,621	-100%	$0.000000^*	0	23 Jun 2022	Class A Common Stock	21,621		Direct	F2, F3
transaction	SKIL	Restricted Stock Units	Award	$0	+35,398		$0.000000	35,398	23 Jun 2022	Class A Common Stock	35,398		Direct	F2, F4
holding	SKIL	Warrants						6,955,978	23 Jun 2022	Class A Common Stock	6,955,978	$11.50	By M. Klein Associates, Inc.	F5
holding	SKIL	Warrants						3,260,470	23 Jun 2022	Class A Common Stock	3,260,470	$11.50	By Garden State Capital Partners LLC	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of shares of Class A common stock received for no additional consideration in a pro-rata distribution in-kind by Churchill Sponsor II LLC ("Sponsor") on June 17, 2022 as disclosed by Sponsor on a Form 4 filed June 22, 2022, which was exempt from reporting pursuant to Rule 16a-9.
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 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.
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.
F5	Consists of warrants to purchase an equal number of shares of Class A common stock received for no additional consideration in a pro-rata distribution in-kind by Sponsor on June 17, 2022 as disclosed by Sponsor on a Form 4 filed June 22, 2022, which was exempt from reporting pursuant to Rule 16a-9.