Zachary Sims - 01 May 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role: GM Tech & Dev, CEO Codecademy
Signature: /s/ Sarah Hilty, as attorney-in-fact for Zachary Sims
Issuer symbol: SKIL
Transactions as of: 01 May 2022
Net transactions value: -$21,534
Form type: 4
Filing time: 03 May 2022, 20:49:47 UTC
Previous filing: 06 Apr 2022
Next filing: 03 Jun 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	+8,828	+0.23%	$0.000000	3,836,603	01 May 2022	Direct
transaction	SKIL	Class A Common Stock	Tax liability	$21,534	-4,025	-0.1%	$5.35	3,832,578	01 May 2022	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	-8,828	-2.6%	$0.000000	326,660	01 May 2022	Class A Common Stock	8,828		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 of the Issuer.
F3	Pursuant to the Merger Agreement, unvested options to purchase Codecademy stock previously awarded to the Reporting Person by Codecademy were converted into RSUs of the Issuer. The RSUs will vest in 38 equal monthly installments beginning on May 1, 2022.