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

Role
Chief People Officer
Signature
/s/ Kristi Hummel
Stock symbol
SKIL
Transactions as of
Sep 27, 2021
Transactions value $
$0
Form type
4
Date filed
9/29/2021, 06:51 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 +85K $0.00 85K Sep 27, 2021 Class A Common Stock 85K Direct F1, F2
transaction SKIL Restricted Stock Units Award $0 +85K $0.00 85K Sep 27, 2021 Class A Common Stock 85K Direct F1, F3
transaction SKIL Employee Stock Option (right to buy) Award $0 +231K $0.00 231K Sep 27, 2021 Class A Common Stock 231K $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.