Apratim Purakayastha - May 1, 2023 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
CHIEF PRODUCT & TECH. OFFICER
Signature
/s/ Carrie Etherton, Attorney-in-Fact for Apratim Purakayastha
Stock symbol
SKIL
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 05:52 PM
Previous filing
Apr 18, 2023
Next filing
Jun 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 SKIL Restricted Stock Units Disposed to Issuer $0 -129K -100% $0.00* 0 May 1, 2023 Class A Common Stock 129K Direct F1
transaction SKIL Restricted Stock Units Award $0 +96.8K $0.00 96.8K May 1, 2023 Class A Common Stock 96.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were canceled by mutual agreement of the reporting person and the Issuer. The reporting person received replacement RSUs, relating to 96,750 shares of Class A common stock (75% of the original RSU grant), as consideration for the cancellation. The original RSUs were disclosed in a Form 4 filed on June 14, 2021 and were scheduled to vest in four equal annual installments if the closing price of a share of Class A common stock, as reported on the New York Stock Exchange, equaled or exceeded $12.50 on at least 20 out of 30 consecutive trading days prior to June 11, 2025.
F2 Each RSU represents a contingent right to receive one share of Class A common stock of the Issuer. These RSUs replace RSUs previously granted to recipient on June 11, 2021.
F3 The RSUs vest in two equal annual installments beginning May 1, 2024.