Jeffrey R. Tarr - 11 Sep 2023 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Signature
/s/ Richard Walker, Attorney-in-Fact for Jeffrey R. Tarr
Issuer symbol
SKIL
Transactions as of
11 Sep 2023
Net transactions value
-$59,520
Form type
4
Filing time
12 Sep 2023, 18:05:39 UTC
Previous filing
05 Jul 2023
Next filing
03 Oct 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 +166,667 +16% $0.000000 1,220,805 11 Sep 2023 Direct
transaction SKIL Class A Common Stock Tax liability $59,520 -48,000 -3.9% $1.24 1,172,805 11 Sep 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 -166,667 -25% $0.000000 500,000 11 Sep 2023 Class A Common Stock 166,667 Direct F2, F3
* 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 On June 11, 2021, the reporting person was granted 2,000,000 restricted stock units, vesting in twelve equal quarterly installments beginning September 11, 2021.