Apratim Purakayastha - 01 Jun 2023 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
CHIEF PRODUCT & TECH. OFFICER
Signature
/s/ Carrie Etherton, Attorney-in-Fact for Apratim Purakayastha
Issuer symbol
SKIL
Transactions as of
01 Jun 2023
Net transactions value
-$40,450
Form type
4
Filing time
02 Jun 2023, 18:58:32 UTC
Previous filing
03 May 2023
Next filing
13 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A Common Stock Options Exercise $0 +69,327 +304% $0.000000 92,112 01 Jun 2023 Direct
transaction SKIL Class A Common Stock Tax liability $31,334 -20,347 -22% $1.54 71,765 01 Jun 2023 Direct F1
transaction SKIL Class A Common Stock Options Exercise $0 +20,168 +28% $0.000000 91,933 01 Jun 2023 Direct
transaction SKIL Class A Common Stock Tax liability $9,115 -5,919 -6.4% $1.54 86,014 01 Jun 2023 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 SKIL Restricted Stock Units Options Exercise $0 -69,327 -25% $0.000000 207,984 01 Jun 2023 Class A Common Stock 69,327 Direct F2, F3
transaction SKIL Restricted Stock Units Options Exercise $0 -20,168 -20% $0.000000 80,672 01 Jun 2023 Class A Common Stock 20,168 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3 The restricted stock units vest in four equal annual installments beginning June 1, 2023.
F4 The restricted stock units vest 20% on the first anniversary of the grant date and 80% on the second anniversary of the grant date beginning June 1, 2023.