MICHAEL DOLAN - 03 Mar 2022 Form 4 Insider Report for Houghton Mifflin Harcourt Co

Role
SVP, Controller
Signature
s/ William F. Bayers, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
03 Mar 2022
Net transactions value
-$96,391
Form type
4
Filing time
07 Mar 2022, 17:58:14 UTC
Previous filing
04 Mar 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMHC Common Stock Options Exercise $0 +9,615 +49% $0.000000 29,251 03 Mar 2022 Direct F1
transaction HMHC Common Stock Sale $96,391 -4,612 -16% $20.90 24,639 04 Mar 2022 Direct

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 HMHC Restricted Stock Units Options Exercise $0 -9,615 -50% $0.000000 9,616 03 Mar 2022 Common Stock 9,615 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 9,615 restricted stock units held by Mr. Dolan vested on March 3, 2022 and were settled in exchange for a like amount of shares of Houghton Mifflin Harcourt Company's (the "Company") common stock, subject to the sale of 4,612 shares of common stock to satisfy withholding obligations in connection with federal, state, local or other taxes required to be withheld or paid in connection with the settlement of the restricted stock units.
F2 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3 The remaining restricted stock units shall vest on March 3, 2023, subject to continued employment with the Company.

Remarks:

William F. Bayers is the Executive Vice President, Secretary and General Counsel of the Company.