James Jeaho Rhyu - 26 Jan 2023 Form 4 Insider Report for Stride, Inc. (LRN)

Signature
/s/ John C. Grothaus, Attorney-in-fact
Issuer symbol
LRN
Transactions as of
26 Jan 2023
Net transactions value
-$1,751,468
Form type
4
Filing time
27 Jan 2023, 16:04:43 UTC
Previous filing
18 Oct 2022
Next filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Gift $0 -6,276 -1.1% $0.000000 562,363 20 Dec 2022 Direct
transaction LRN Common Stock Gift $0 -3,113 -0.55% $0.000000 559,250 23 Dec 2022 Direct
transaction LRN Common Stock Tax liability $312,818 -7,799 -1.4% $40.11 551,451 26 Jan 2023 Direct F1
transaction LRN Common Stock Sale $1,438,650 -35,531 -6.4% $40.49 515,920 26 Jan 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The sales reported in these transactions were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 23, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.83 to $40.97, inclusive. The reporting person undertakes to provide to Stride, Inc., any security holder of Stride, Inc., 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 range set forth in this footnote.