Sterling Fund Management LLC - May 28, 2021 Form 4 Insider Report for LAUREATE EDUCATION, INC. (LAUR)

Role
10%+ Owner
Signature
/s/ M. Avi Epstein, attorney-in-fact for Sterling Fund Management, LLC
Stock symbol
LAUR
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/2/2021, 05:43 PM
Next filing
Apr 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAUR Class A Common Stock Other +13.6K 13.6K May 28, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock of Laureate Education, Inc. (the "Issuer") previously issued to Steven M. Taslitz pursuant to Laureate's non-employee director compensation plan, which, pursuant to the Founders' Agreement (as defined below) and the organizational documents of certain entities affiliated with Sterling, were transferred to the Reporting Person.
F2 Pursuant to an agreement (the "Founders' Agreement") among Mr. Taslitz, Douglas L. Becker and R. Christopher Hoehn-Saric and one other founder of Sterling (the "Sterling Founders"), the Sterling Founders share equally, on a net after-tax basis, in certain equity securities they receive in connection with services rendered by any of them to certain entities, including the Issuer. Each Sterling Founder controls the voting and disposition of the securities allocable to such Sterling Founder.
F3 The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein. This filing shall not be deemed an admission that the Reporting Person is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by the Reporting Person of any securities reported herein for purposes of Section 16 of the Exchange Act or otherwise.