Patrick W. Gross - Mar 8, 2023 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role
Director
Signature
Patrick W. Gross by POA: Jeff Wigfield
Stock symbol
PRDO
Transactions as of
Mar 8, 2023
Transactions value $
-$216,480
Form type
4
Date filed
3/9/2023, 06:07 PM
Previous filing
Feb 3, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRDO Common Stock Options Exercise $45.1K +16K +27.14% $2.82* 75K Mar 8, 2023 Direct
transaction PRDO Common Stock Sale -$216K -16K -21.35% $13.53 59K Mar 8, 2023 Direct F1, F2

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 -$45.1K -16K -100% $2.82* 0 Mar 8, 2023 Common Stock 16K $2.82 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $13.33 to $13.66. The price reported in Column 4 reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transactions were effected.
F2 Includes 14,619 vested deferred stock units granted pursuant to Issuer's 2008 Incentive Compensation Plan, with each unit representing the right to receive one share of Issuer's common stock upon Reporting Person's termination of service from Issuer. Also includes 9,050 restricted stock units granted pursuant to Issuer's Amended and Restated 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock upon vesting.
F3 On May 14, 2013 the Reporting Person was granted 16,000 non-qualified stock options. The option grant vested in four installments on May 14, 2013, 2014, 2015 and 2016.