Matthew LaVay - Aug 29, 2023 Form 4 Insider Report for ASPEN GROUP, INC. (ASPU)

Role: Chief Financial Officer
Signature: /s/ Matthew LaVay
Stock symbol: ASPU
Transactions as of: Aug 29, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/30/2023, 04:02 PM
Previous filing: Aug 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPU	Common Stock	Award	$0	+500K	+1200.02%	$0.00	542K	Aug 29, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units granted by the Issuer's Board of Directors, effective August 29, 2023. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was made under the Aspen Group, Inc. 2018 Equity Incentive Plan, was approved by the Issuer's Board of Directors and was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The restricted stock units will vest in three approximately equal annual increments with the first increment vesting on August 29, 2024, subject to continued employment with the Issuer on each applicable vesting date.
F2	The total amount of shares beneficially owned includes 41,666 underlying shares of common stock underlying restricted stock units which shall vest on August 16, 2024.

Content

Represents restricted stock units granted by the Issuer's Board of Directors, effective August 29, 2023. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was made under the Aspen Group, Inc. 2018 Equity Incentive Plan, was approved by the Issuer's Board of Directors and was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The restricted stock units will vest in three approximately equal annual increments with the first increment vesting on August 29, 2024, subject to continued employment with the Issuer on each applicable vesting date.

The total amount of shares beneficially owned includes 41,666 underlying shares of common stock underlying restricted stock units which shall vest on August 16, 2024.