John Robert Kline - Oct 28, 2022 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
SVP, AIU
Signature
John Robert Kline by POA: Jeff Wigfield
Stock symbol
PRDO
Transactions as of
Oct 28, 2022
Transactions value $
-$153,541
Form type
4
Date filed
10/31/2022, 07:04 PM
Previous filing
Oct 31, 2022
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Options Exercise $269K +23.4K +13.35% $11.49 199K Oct 28, 2022 Direct
transaction PRDO Common Stock Sale -$269K -23.4K -11.78% $11.49 175K Oct 28, 2022 Direct F1
transaction PRDO Common Stock Sale -$154K -13.4K -7.62% $11.49 162K Oct 28, 2022 Direct F2, F3

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 PRDO Non-qualified Option (right to buy) Options Exercise $0 -23.4K -100% $0.00* 0 Oct 28, 2022 Common Stock 23.4K $8.30 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2022.
F2 The sale reported on the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2022.
F3 Includes 102,208 unvested restricted stock units granted pursuant to the Issuer's 2008 and 2016 Incentive Compensation Plans, with each unit representing the contingent right to receive one share of Issuer's common stock.
F4 On March 6, 2017 the Reporting Person was granted 26,036 non-qualified stock options. The option grant vested in four installments on March 14, 2018, 2019, 2020 and 2021.