Sasha Quinton - Aug 15, 2022 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role
PRESIDENT, BOOK FAIRS
Signature
Sasha Quinton, by Teresa M. Connelly, Esq., Attorney-in-fact
Stock symbol
SCHL
Transactions as of
Aug 15, 2022
Transactions value $
-$179,977
Form type
4
Date filed
8/17/2022, 05:55 PM
Previous filing
Aug 15, 2022
Next filing
Sep 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Sale -$48.7K -1.03K -3.8% $47.30 26K Aug 15, 2022 Direct F1
transaction SCHL Common Stock Options Exercise $150K +5.68K +21.81% $26.51 31.7K Aug 15, 2022 Direct
transaction SCHL Common Stock Sale -$268K -5.68K -17.9% $47.31 26K Aug 15, 2022 Direct F2
transaction SCHL Common Stock Options Exercise $10.3K +500 +1.92% $20.63 26.5K Aug 15, 2022 Direct
transaction SCHL Common Stock Sale -$23.6K -500 -1.88% $47.20 26K Aug 15, 2022 Direct

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 SCHL Employee stock options Options Exercise $0 -5.68K -16.61% $0.00 28.5K Aug 15, 2022 Common Stock 5.68K $26.51 Direct F3
transaction SCHL Employee stock options Options Exercise $0 -500 -0.99% $0.00 50.2K Aug 15, 2022 Common Stock 500 $20.63 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.20-47.26 inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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 footnote (1) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.20-47.50 inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock 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 footnote (2) to this Form 4
F3 Employee stock options vest ratably over a three year period beginning with the first anniversary after the date of grant