Lisa W. Wardell - Jan 31, 2023 Form 4 Insider Report for Adtalem Global Education Inc. (ATGE)

Role
Director
Signature
/s/ Lawrence C. Bachman, attorney-in-fact for Ms. Wardell
Stock symbol
ATGE
Transactions as of
Jan 31, 2023
Transactions value $
-$3,286
Form type
4
Date filed
2/3/2023, 03:40 PM
Previous filing
Jan 4, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATGE Common Stock 283K Jan 31, 2023 Direct

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 ATGE Phantom Stock Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$3.29K -86.1 -6.32% $38.18 1.28K Jan 31, 2023 Common Stock 86.1 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock entitled the reporting person to receive, on January 31, 2023, one share of Adtalem Global Education Inc.'s common stock or the cash value thereof. Prior to payment, the reporting person had the right to transfer the value of their phantom stock account into an alternative investment account.
F2 Pursuant to an election previously made. Shares were converted to cash.
F3 Each share of phantom stock entitles the reporting person to receive one share of Adtalem Global Education Inc.'s common stock or the cash value thereof.