Lisa W. Wardell - 07 Mar 2023 Form 4 Insider Report for Adtalem Global Education Inc. (ATGE)

Role: Director
Signature: /s/ Lawrence C. Bachman, attorney-in-fact for Ms. Wardell
Issuer symbol: ATGE
Transactions as of: 07 Mar 2023
Net transactions value: -$29,140
Form type: 4
Filing time: 09 Mar 2023, 20:02:50 UTC
Previous filing: 03 Feb 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ATGE	Common Stock						283,468	07 Mar 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	$29,140	-753	-59%	$38.72	523	07 Mar 2023	Common Stock	753		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 March 7, 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.