Timothy Medina - Aug 5, 2021 Form 4 Insider Report for Stride, Inc. (LRN)

Role: Chief Financial Officer
Signature: /s/ John C. Grothaus, attorney-in-fact
Stock symbol: LRN
Transactions as of: Aug 5, 2021
Transactions value $: -$46,634
Form type: 4
Date filed: 8/9/2021, 07:03 PM
Next filing: Aug 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRN	Common Stock	Award	$0	+10.3K	+26.08%	$0.00	49.9K	Aug 5, 2021	Direct	F1
transaction	LRN	Common Stock	Tax liability	-$46.6K	-1.53K	-3.07%	$30.42	48.4K	Aug 5, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquisition is in connection with the August 12, 2020 award and achievement of performance objectives. These shares are restricted, with one-third vesting immediately and the remaining two-thirds vesting in equal annual installments over the next two years.
F2	Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.

Content

Acquisition is in connection with the August 12, 2020 award and achievement of performance objectives. These shares are restricted, with one-third vesting immediately and the remaining two-thirds vesting in equal annual installments over the next two years.

Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.