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
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	+167K	+157.97%	$0.00	272K	11 Dec 2021	Direct
transaction	SKIL	Class A common stock	Tax liability	-$802K	-73.2K	-26.88%	$10.96^*	199K	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	-167K	-9.09%	$0.00	1.67M	11 Dec 2021	Class A common stock	167K		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).