Jeffrey R. Tarr - Dec 11, 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
Stock symbol
SKIL
Transactions as of
Dec 11, 2021
Transactions value $
-$801,899
Form type
4
Date filed
12/13/2021, 06:51 PM
Previous filing
Sep 14, 2021
Next filing
Feb 2, 2022

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 Dec 11, 2021 Direct
transaction SKIL Class A common stock Tax liability -$802K -73.2K -26.88% $10.96* 199K Dec 11, 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 Dec 11, 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).