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

Role
Director
Signature
/s/ John C. Grothaus, Attorney-in-fact
Stock symbol
LRN
Transactions as of
Aug 30, 2022
Transactions value $
$0
Form type
4
Date filed
9/1/2022, 05:01 PM
Previous filing
Aug 8, 2022
Next filing
Sep 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Disposed to Issuer $0 -1.1K -81.08% $0.00 257 Aug 30, 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 +1.1K $0.00 1.1K Aug 30, 2022 Common Stock 1.1K 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.