Gary W. Ferrera - Sep 20, 2021 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Chief Financial Officer
Signature
/s/ Gary W. Ferrera
Stock symbol
SKIL
Transactions as of
Sep 20, 2021
Transactions value $
$0
Form type
4
Date filed
9/22/2021, 09:38 PM
Next filing
Jun 3, 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 Award $0 +127K $0.00 127K Sep 20, 2021 Class A Common Stock 127K Direct F1, F2
transaction SKIL Restricted Stock Units Award $0 +127K $0.00 127K Sep 20, 2021 Class A Common Stock 127K Direct F1, F3
transaction SKIL Employee Stock Option (right to buy) Award $0 +397K $0.00 397K Sep 20, 2021 Class A Common Stock 397K $10.51 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Skillsoft Corp.
F2 The restricted stock units vest in four equal annual installments beginning September 20, 2022.
F3 The restricted stock units vest in four equal annual installments beginning September 20, 2022, but only if the closing price of a share of Class A Common Stock, as reported on the New York Stock Exchange, equals or exceeds $12.50 on at least 20 out of 30 consecutive trading days prior to September 20, 2025; if the specified price per share is not achieved when the annual installments are due to occur, then the restricted stock units will accumulate and first vest upon achievement of the specified price and then continue to vest in the remaining annual installments before September 20, 2025.
F4 The option vests one-quarter on September 20, 2022 and the remaining three-quarters in twelve equal quarterly installments thereafter.