Lisa W. Wardell - Nov 8, 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
Nov 8, 2023
Transactions value $
-$3,675,629
Form type
4
Date filed
11/13/2023, 04:26 PM
Previous filing
Nov 7, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATGE Common Stock Options Exercise $1.55M +45.6K +28.3% $33.90 207K Nov 8, 2023 Direct
transaction ATGE Common Stock Sale -$2.52M -45.6K -22.05% $55.15 161K Nov 8, 2023 Direct F1
transaction ATGE Common Stock Award $140K +2.53K +1.57% $55.32 164K Nov 8, 2023 Direct F2, F3
transaction ATGE Common Stock Options Exercise $2.66M +78.6K +47.98% $33.90 242K Nov 9, 2023 Direct
transaction ATGE Common Stock Sale -$4.37M -78.6K -32.42% $55.57 164K Nov 9, 2023 Direct F4
transaction ATGE Common Stock Tax liability -$90.2K -1.63K -1% $55.19 162K Nov 9, 2023 Direct F5
transaction ATGE Common Stock Options Exercise $1.68M +49.5K +30.52% $33.90 212K Nov 10, 2023 Direct
transaction ATGE Common Stock Sale -$2.73M -49.5K -23.38% $55.19 162K Nov 10, 2023 Direct F6

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 Non-qualified Stock Option (Right to Buy) Options Exercise $0 -45.6K -18.93% $0.00 195K Nov 8, 2023 Common Stock 45.6K $33.90 Direct F7
transaction ATGE Non-qualified Stock Option (Right to Buy) Options Exercise $0 -78.6K -40.2% $0.00 117K Nov 9, 2023 Common Stock 78.6K $33.90 Direct F7
transaction ATGE Non-qualified Stock Option (Right to Buy) Options Exercise $0 -49.5K -42.33% $0.00 67.4K Nov 10, 2023 Common Stock 49.5K $33.90 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $54.63 to $55.66. 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.
F2 The common stock is a restricted stock unit which represents a right to receive one share of common stock for each restricted stock unit. Stock units vest 100% on the one year anniversary of the transaction date.
F3 The number of restricted stock units awarded to the Reporting Person was determined by dividing the total dollar value of director compensation awarded to the Reporting Person by $55.32, the closing price of ATGE common stock on November 8, 2023.
F4 This transaction was executed in multiple trades at prices ranging from $55.10 to $56.08. 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.
F5 Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units.
F6 This transaction was executed in multiple trades at prices ranging from $54.38 to $55.72. 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.
F7 Options granted on 8/23/2017.