Richard Walker - Jun 1, 2023 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Carrie Etherton, Attorney-in-Fact for Richard Walker
Stock symbol
SKIL
Transactions as of
Jun 1, 2023
Transactions value $
-$27,623
Form type
4
Date filed
6/2/2023, 07:08 PM
Previous filing
May 3, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A Common Stock Options Exercise $0 +47.3K +41.34% $0.00 162K Jun 1, 2023 Direct
transaction SKIL Class A Common Stock Tax liability -$20.9K -13.6K -8.41% $1.54 148K Jun 1, 2023 Direct F1
transaction SKIL Class A Common Stock Options Exercise $0 +15.1K +10.22% $0.00 163K Jun 1, 2023 Direct
transaction SKIL Class A Common Stock Tax liability -$6.7K -4.35K -2.66% $1.54 159K Jun 1, 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 -47.3K -25% $0.00 142K Jun 1, 2023 Class A Common Stock 47.3K Direct F2, F3
transaction SKIL Restricted Stock Units Options Exercise $0 -15.1K -20% $0.00 60.5K Jun 1, 2023 Class A Common Stock 15.1K 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