Kristi Hummel - 27 Sep 2021 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Chief People Officer
Signature
/s/ Kristi Hummel
Issuer symbol
SKIL
Transactions as of
27 Sep 2021
Net transactions value
$0
Form type
4
Filing time
29 Sep 2021, 18:51:05 UTC
Next filing
03 Jun 2022
SEC
View on sec.gov

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 +84,959 $0.000000 84,959 27 Sep 2021 Class A Common Stock 84,959 Direct F1, F2
transaction SKIL Restricted Stock Units Award $0 +84,959 $0.000000 84,959 27 Sep 2021 Class A Common Stock 84,959 Direct F1, F3
transaction SKIL Employee Stock Option (right to buy) Award $0 +231,027 $0.000000 231,027 27 Sep 2021 Class A Common Stock 231,027 $11.28 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 27, 2022.
F3 The restricted stock units vest in four equal annual installments beginning September 27, 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 27, 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 27, 2025.
F4 The options vest one-quarter on September 27, 2022 and the remaining three-quarters in twelve equal quarterly installments thereafter.