Joseph A. Verbrugge - 30 Aug 2022 Form 4 Insider Report for Stride, Inc. (LRN)

Role: Director
Signature: /s/ John C. Grothaus, Attorney-in-fact
Issuer symbol: LRN
Transactions as of: 30 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 01 Sep 2022, 17:01:48 UTC
Previous filing: 08 Aug 2022
Next filing: 01 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRN	Common Stock	Disposed to Issuer	$0	-1,101	-81%	$0.000000	257	30 Aug 2022	Direct	F1

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	LRN	Deferred Stock Unit	Award	$0	+1,101		$0.000000	1,101	30 Aug 2022	Common Stock	1,101		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents rescission of a portion of the shares of restricted stock previously awarded to the reporting person on August 5, 2022, in connection with the reporting person's election on August 30, 2022 to defer receipt of such restricted stock in accordance with the terms of the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors (the "Plan"). The remaining shares of restricted stock reflected in column 5 will vest on the date of the next annual meeting of the stockholders of Stride, Inc.
F2	Represents Deferred Stock Units ("DSUs") under the Plan. Each DSU is the economic equivalent of one share of common stock of Stride, Inc. Vested DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
F3	The DSUs will vest on the date of the next annual meeting of the stockholders of Stride, Inc.