Les Ottolenghi - Aug 12, 2022 Form 4 Insider Report for Stride, Inc. (LRN)

Role: CHIEF INFO. & TECH. OFFICER
Signature: /s/ John C. Grothaus, Attorney-in-fact
Stock symbol: LRN
Transactions as of: Aug 12, 2022
Transactions value $: -$11,939
Form type: 4
Date filed: 8/16/2022, 05:08 PM
Previous filing: Jun 17, 2022
Next filing: Oct 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRN	Common Stock	Award	$0	+13.9K	+32.73%	$0.00	56.4K	Aug 12, 2022	Direct	F1
transaction	LRN	Common Stock	Tax liability	-$11.9K	-332	-0.59%	$35.96	56K	Aug 13, 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
F2	Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.

Content

These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.

Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.