Jeffrey R. Tarr - 11 Dec 2021 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Chief Executive Officer, Director
Signature
/s/ Sarah Hilty, as attorney-in-fact for Jeffrey R. Tarr
Issuer symbol
SKIL
Transactions as of
11 Dec 2021
Net transactions value
-$801,899
Form type
4
Filing time
13 Dec 2021, 18:51:39 UTC
Previous filing
14 Sep 2021
Next filing
02 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A common stock Options Exercise $0 +166,667 +158% $0.000000 272,172 11 Dec 2021 Direct
transaction SKIL Class A common stock Tax liability $801,899 -73,166 -27% $10.96* 199,006 11 Dec 2021 Direct F1

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 Options Exercise $0 -166,667 -9.1% $0.000000 1,666,666 11 Dec 2021 Class A common stock 166,667 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock, par value $0.001 per share, of the Issuer.
F3 On June 11, 2021, the reporting person was granted 2,000,000 restricted stock units, vesting in twelve equal quarterly installments beginning September 11, 2021.

Remarks:

Exhibit 24 - Power of Attorney (incorporated herein by reference).