Kevin Chavous - Aug 12, 2021 Form 4 Insider Report for Stride, Inc. (LRN)

Role
Pres., Acad. Pol. & Ext. Aff.
Signature
/s/ John C. Grothaus, attorney-in-fact
Stock symbol
LRN
Transactions as of
Aug 12, 2021
Transactions value $
-$85,796
Form type
4
Date filed
8/16/2021, 05:02 PM
Previous filing
Sep 8, 2021
Next filing
Sep 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Tax liability -$16.7K -501 -0.93% $33.39 53.6K Aug 12, 2021 Direct F1
transaction LRN Common Stock Award $0 +5.61K +10.46% $0.00 59.2K Aug 13, 2021 Direct F2
transaction LRN Common Stock Tax liability -$69.1K -1.94K -3.27% $35.62 57.3K Aug 15, 2021 Direct F1

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 LRN Restricted Stock Right Award $0 +2.11K $0.00 2.11K Aug 13, 2021 Common Stock 2.11K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
F3 Each restricted stock right represents a contingent right to receive one share of Stride common stock. The restricted stock right vests upon Stride's common stock achieving an average stock price that equals or exceeds $41.45 per share based on the average 20-calendar day closing price on the next following trading date after September 15, 2024.