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 |
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. |