Robert M. Stavis - 12 May 2022 Form 4 Insider Report for 2U, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
13 May 2022, 16:07:16 UTC
Prior SEC filing
07 May 2021
Next SEC filing
08 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Matthew J. Norden, attorney-in-fact

Key filing fact

Robert M. Stavis filed Form 4 for 2U, Inc. on 13 May 2022.

Key facts

  • This page summarizes Robert M. Stavis's Form 4 filing for 2U, Inc..
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 13 May 2022, 16:07.

Change

  • Previous filing in this sequence was filed on 07 May 2021.
  • Current net transaction value: +$79,968.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TWOU transaction

Common Stock

Award

Transaction value
$0
Shares
+21,246
Change %
+59%
Price
$0.000000
Shares after
57,090
Date
12 May 2022
Ownership
Direct
Footnotes
F1, F2, F3
TWOU transaction

Common Stock

Award

Transaction value
$54,981
Shares
+4,909
Change %
+8.6%
Price
$11.20
Shares after
61,999
Date
12 May 2022
Ownership
Direct
Footnotes
F1, F2, F3, F4
TWOU transaction

Common Stock

Award

Transaction value
$24,987
Shares
+2,231
Change %
+3.6%
Price
$11.20
Shares after
64,230
Date
12 May 2022
Ownership
Direct
Footnotes
F1, F2, F3, F5
TWOU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
103,130
Date
12 May 2022
Ownership
Direct
TWOU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
35,707
Date
12 May 2022
Ownership
See footnote
Footnotes
F6
TWOU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
35,740
Date
12 May 2022
Ownership
See footnote
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.

Footnote F2

The shares underlying this restricted stock unit award will vest in full on April 1, 2023, subject to the reporting person's continued service as a director of the issuer as of that date.

Footnote F3

The reporting person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to the restricted stock unit award or any proceeds from the sale thereof; accordingly, the reporting person disclaims beneficial ownership of these restricted stock units except to the extent of his pecuniary interest therein, if any.

Footnote F4

The restricted stock units were issued to the reporting person in lieu of annual director retainer fees of $55,000.

Footnote F5

The restricted stock units were issued to the reporting person in lieu of annual chair retainer fees of $25,000.

Footnote F6

The shares reported are held by Stavis Ventures II, LLC ("Stavis Ventures"). Stavis Ventures is controlled by the reporting person, and the reporting person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.

Footnote F7

The shares reported are held by Stavco Venture Holdings LLC ("Stavco Venture Holdings"). Stavco Venture Holdings is controlled by the spouse of the reporting person, and the reporting person disclaims beneficial ownership of the shares held by this entity, except to the extent of his pecuniary interest therein, if any.

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