Robert M. Stavis - May 5, 2021 Form 4 Insider Report for 2U, Inc. (TWOU)

Role
Director
Signature
/s/ Matthew J. Norden, attorney-in-fact
Stock symbol
TWOU
Transactions as of
May 5, 2021
Transactions value $
$79,957
Form type
4
Date filed
5/7/2021, 09:17 PM
Next filing
May 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWOU Common Stock Award $0 +6.05K +21.81% $0.00 33.8K May 5, 2021 Direct F1, F2, F3
transaction TWOU Common Stock Award $55K +1.4K +4.14% $39.31 35.2K May 5, 2021 Direct F1, F2, F3, F4
transaction TWOU Common Stock Award $25K +635 +1.8% $39.31 35.8K May 5, 2021 Direct F1, F2, F3, F5
holding TWOU Common Stock 103K May 5, 2021 Direct
holding TWOU Common Stock 35.7K May 5, 2021 See footnote F6
holding TWOU Common Stock 35.7K May 5, 2021 See footnote F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
F2 The shares underlying this restricted stock unit award will vest in full on April 1, 2022, subject to the reporting person's continued service as a director of the issuer as of that date.
F3 The reporting person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to the restricted stock unit award or any proceeds from the sale thereof; accordingly, the reporting person disclaims beneficial ownership of these restricted stock units except to the extent of his pecuniary interest therein, if any.
F4 The restricted stock units were issued to the reporting person in lieu of annual director retainer fees of $55,000.
F5 The restricted stock units were issued to the reporting person in lieu of annual chair retainer fees of $25,000.
F6 The shares reported are held by Stavis Ventures II, LLC ("Stavis Ventures"). Stavis Ventures is controlled by the reporting person, and the reporting person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.
F7 The shares reported are held by Stavco Venture Holdings LLC ("Stavco Venture Holdings"). Stavco Venture Holdings is controlled by the spouse of the reporting person, and the reporting person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.