ROBERT E. KNOWLING JR - 03 Jan 2022 Form 4 Insider Report for Stride, Inc. (LRN)

Role
Director
Signature
/s/ John C. Grothaus, attorney-in-fact
Issuer symbol
LRN
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
05 Jan 2022, 16:04:20 UTC
Previous filing
22 Dec 2021
Next filing
11 Jul 2022
SEC
View on sec.gov

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 Deferred Stock Unit Award $0 +6,045 +34% $0.000000 23,913 03 Jan 2022 Common Stock 6,045 Direct F1, F2
transaction LRN Deferred Stock Unit Award $0 +4,362 +18% $0.000000 28,275 03 Jan 2022 Common Stock 4,362 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock of Stride, Inc. Vested DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
F2 The DSUs will vest on April 3, 2022.
F3 The DSUs will vest on the earlier of (a) January 3, 2023 or (b) the next annual meeting of the stockholders of Stride, Inc.