Iole Lucchese - Oct 7, 2021 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role: EVP, Chief Strategy Officer, Director
Signature: Iole Lucchese, by Teresa M. Connelly, Attorney-in-fact
Stock symbol: SCHL
Transactions as of: Oct 7, 2021
Transactions value $: -$1
Form type: 4
Date filed: 10/8/2021, 05:34 PM
Previous filing: Sep 29, 2021
Next filing: Sep 22, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCHL	Common Stock	Options Exercise	$308K	+10.9K	+20.46%	$28.18	64.3K	Oct 7, 2021	Direct	F1
transaction	SCHL	Common Stock	Tax liability	-$308K	-8.31K	-12.92%	$37.06	56K	Oct 7, 2021	Direct	F1

Showing 1 to 2 of 2 entries

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	SCHL	Employee Stock Options (right to buy)	Options Exercise	$0	-10.9K	-100%	$0.00^*	0	Oct 7, 2021	Common Stock	10.9K	$28.18	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The stock options were auto-exercised on the day of expiration and net shares were received for the gain on exercise.
F2	Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.