RALPH R. SMITH - 11 Apr 2023 Form 4 Insider Report for Stride, Inc. (LRN)

Role
Director
Signature
/s/ Christian J. Yungwirth, Attorney-in-fact
Issuer symbol
LRN
Transactions as of
11 Apr 2023
Net transactions value
$0
Form type
4
Filing time
17 Jul 2023, 20:39:43 UTC
Previous filing
28 Mar 2023
Next filing
17 Oct 2023
SEC
View on sec.gov

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 LRN Deferred Stock Unit Award $0 +256 +9.7% $0.000000 2,907 11 Apr 2023 Common Stock 256 Direct F1, F2
transaction LRN Deferred Stock Unit Award $0 +252 +8.7% $0.000000 3,159 14 Jul 2023 Common Stock 252 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock of Stride, Inc. Vested DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
F2 The DSUs will vest on the earlier of (a) April 11, 2024 or (b) the next annual meeting of the stockholders of Stride, Inc.
F3 The DSUs will vest on the earlier of (a) July 14, 2024 or (b) the next annual meeting of the stockholders of Stride, Inc.