John B. Ellis - Oct 1, 2021 Form 4 Insider Report for 2U, Inc. (TWOU)

Signature
/s/ Matthew Norden, attorney-in-fact
Stock symbol
TWOU
Transactions as of
Oct 1, 2021
Transactions value $
-$85,644
Form type
4
Date filed
10/5/2021, 08:25 PM
Previous filing
Jul 6, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWOU Common Stock Award $0 +7.17K +29.19% $0.00 31.7K Oct 1, 2021 Direct F1
transaction TWOU Common Stock Tax liability -$85.6K -2.49K -7.86% $34.34* 29.3K Oct 1, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2019 and January 29, 2020, the reporting person was granted an award of performance-based restricted stock units, which vest in the form of common stock based upon the Issuer's total stockholder return ("TSR") relative to the TSR of the companies in the Russell 3000 Index as measured over one, two and three year performance periods, each commencing on October 1, 2019. On October 1, 2021, the Compensation Committee of the Issuer's Board of Directors determined that the achievement percentage for the second performance period was 200%, resulting in the vesting of these shares.