Shaun McAlmont - Oct 6, 2021 Form 4 Insider Report for Stride, Inc. (LRN)

Signature
/s/ John C. Grothaus, attorney-in-fact
Stock symbol
LRN
Transactions as of
Oct 6, 2021
Transactions value $
-$1,930,029
Form type
4
Date filed
10/8/2021, 05:35 PM
Previous filing
Aug 16, 2021
Next filing
Apr 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Options Exercise +117K +210.53% 173K Oct 6, 2021 Direct F1
transaction LRN Common Stock Tax liability -$1.93M -52.9K -30.58% $36.49 120K Oct 6, 2021 Direct F2

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 Options Exercise $0 -117K -100% $0.00* 0 Oct 6, 2021 Common Stock 117K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock right represents a contingent right to receive one share of the Issuer's common stock. In accordance with the terms of the award disclosed on April 15, 2019, the restricted stock rights vested upon the Issuer's common stock achieving certain per share price targets based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release and certification by the Issuer's board of directors of the same.
F2 Represents the number of shares withheld by the Issuer 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 most recent prior market day.