Eilif Serck-Hanssen - Dec 31, 2021 Form 4 Insider Report for LAUREATE EDUCATION, INC. (LAUR)

Role: PRESIDENT & CEO, Director
Signature: /s/ Leslie S. Brush, Attorney-in-Fact
Stock symbol: LAUR
Transactions as of: Dec 31, 2021
Transactions value $: -$328,351
Form type: 4
Date filed: 1/4/2022, 04:30 PM
Next filing: Feb 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAUR	Common Stock	Award		+52.3K	+12.43%		473K	Oct 29, 2021	Direct	F1
transaction	LAUR	Common Stock	Tax liability	-$328K	-27.1K	-5.73%	$12.11	446K	Dec 31, 2021	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	LAUR	Class B Common Stock	Disposed to Issuer	$0	-52.3K	-100%	$0.00^*	0	Oct 29, 2021	Common Stock	52.3K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, the Class B Common Stock of the Issuer has converted into Common Stock of the Issuer effective as of October 29, 2021 and is being reported herein pursuant to Rule 16b-7 of the Securities Exchange Act of 1934.
F2	Pursuant to the Issuer's Amended and Restated Certificate of Incorporation, the Class A Common Stock of the Issuer has converted into Common Stock of the Issuer effective as of October 29, 2021.
F3	Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock units previously reported as shares of Class A Common Stock in Table I.