Raymond Karl Mcdonnell - 24 Feb 2026 Form 4 Insider Report for Strategic Education, Inc. (STRA)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Daniel W. Jackson, Attorney-in-Fact
Issuer symbol
STRA
Transactions as of
24 Feb 2026
Net transactions value
-$5,046,028
Form type
4
Filing time
26 Feb 2026, 19:05:14 UTC
Previous filing
27 Feb 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MCDONNELL RAYMOND KARL CHIEF EXECUTIVE OFFICER, Director 2303 DULLES STATION BLVD, HERNDON /s/ Daniel W. Jackson, Attorney-in-Fact 26 Feb 2026 0001369851

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRA Common Stock Tax liability $2,119,429 -28,293 -16% $74.91 145,172 24 Feb 2026 Direct F1
transaction STRA Common Stock Sale $1,356,066 -18,052 -12% $75.12 127,120 24 Feb 2026 Direct F2, F3
transaction STRA Common Stock Sale $1,570,533 -20,788 -16% $75.55 106,332 24 Feb 2026 Direct F2, F4
transaction STRA Common Stock Award $0 +52,646 +50% $0.000000 158,978 26 Feb 2026 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Number of shares withheld to cover taxes with respect to performance-based restricted shares that vested on February 24, 2026.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on March 5, 2025.
F3 Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $74.37 to $75.36, inclusive.
F4 Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $75.37 to $75.83, inclusive. The reporting person undertakes to provide Strategic Education, Inc., any security holder of Strategic Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes of this Form 4.
F5 These shares are restricted and will vest on February 26, 2030, subject to the satisfaction of certain performance criteria.