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 |
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 |
Id | Content |
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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. |