Manjunath Gangadharan - 28 Aug 2023 Form 4 Insider Report for Adtalem Global Education Inc. (ATGE)

Signature
/s/ Lawrence C. Bachman, attorney-in-fact for Mr. Gangadharan
Issuer symbol
ATGE
Transactions as of
28 Aug 2023
Net transactions value
-$61,614
Form type
4
Filing time
29 Aug 2023, 16:14:33 UTC
Previous filing
25 Aug 2023
Next filing
21 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATGE Common Stock Sale $61,614 -1,418 -16% $43.45 7,420 28 Aug 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $43.74 to $43.25. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.