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

Role
Director
Signature
/s/ Sarah Hilty, as attorney-in-fact for Michael Stuart Klein
Stock symbol
SKIL
Transactions as of
Jun 23, 2022
Transactions value $
$0
Form type
4
Date filed
6/24/2022, 07:49 PM
Previous filing
Apr 28, 2022
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A Common Stock Options Exercise $0 +21.6K $0.00 21.6K Jun 23, 2022 Direct
holding SKIL Class A Common Stock 6.69M Jun 23, 2022 By M. Klein Associates, Inc. F1
holding SKIL Class A Common Stock 3.56M Jun 23, 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 -21.6K -100% $0.00* 0 Jun 23, 2022 Class A Common Stock 21.6K Direct F2, F3
transaction SKIL Restricted Stock Units Award $0 +35.4K $0.00 35.4K Jun 23, 2022 Class A Common Stock 35.4K Direct F2, F4
holding SKIL Warrants 6.96M Jun 23, 2022 Class A Common Stock 6.96M $11.50 By M. Klein Associates, Inc. F5
holding SKIL Warrants 3.26M Jun 23, 2022 Class A Common Stock 3.26M $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.