Nathaniel A. Davis - Aug 4, 2022 Form 4 Insider Report for Stride, Inc. (LRN)

Role: Executive Chairman, Director
Signature: /s/ John C. Grothaus, Attorney-in-fact
Stock symbol: LRN
Transactions as of: Aug 4, 2022
Transactions value $: -$284,924
Form type: 4
Date filed: 8/8/2022, 05:03 PM
Previous filing: Jul 6, 2022
Next filing: Aug 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRN	Common Stock	Award	$0	+239K	+29.87%	$0.00	1.04M	Aug 4, 2022	Direct	F1
transaction	LRN	Common Stock	Tax liability	-$285K	-6.56K	-0.63%	$43.46	1.03M	Aug 6, 2022	Direct	F2
holding	LRN	Common Stock						171K	Aug 4, 2022	Nathaniel A Davis Revocable Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquisition is in connection with August 15, 2019 performance-based restricted stock award under the Stride, Inc. 2016 Incentive Award Plan (the "Award"). These shares represent the remaining shares subject to the Award and vest on August 15, 2022 because the performance objective was met.
F2	Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.

Content

Acquisition is in connection with August 15, 2019 performance-based restricted stock award under the Stride, Inc. 2016 Incentive Award Plan (the "Award"). These shares represent the remaining shares subject to the Award and vest on August 15, 2022 because the performance objective was met.

Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.