Joseph A. Verbrugge - Dec 9, 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
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 04:23 PM
Previous filing
Dec 1, 2022
Next filing
Feb 2, 2023

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 +6.17K +560.49% $0.00 7.27K Dec 9, 2022 Common Stock 6.17K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors. 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.
F2 The DSUs will vest on the earlier of (a) December 9, 2023 or (b) the next annual meeting of the stockholders of Stride, Inc.