Zachary Sims - May 1, 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
Stock symbol
SKIL
Transactions as of
May 1, 2022
Transactions value $
-$21,534
Form type
4
Date filed
5/3/2022, 08:49 PM
Previous filing
Apr 6, 2022
Next filing
Jun 3, 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 +8.83K +0.23% $0.00 3.84M May 1, 2022 Direct
transaction SKIL Class A Common Stock Tax liability -$21.5K -4.03K -0.1% $5.35 3.83M May 1, 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 -8.83K -2.63% $0.00 327K May 1, 2022 Class A Common Stock 8.83K 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.