James Jeaho Rhyu - 25 Oct 2023 Form 4 Insider Report for Stride, Inc. (LRN)

Signature
/s/ John C. Grothaus, Attorney-in-fact
Issuer symbol
LRN
Transactions as of
25 Oct 2023
Transactions value $
-$1,264,000
Form type
4
Filing time
27 Oct 2023, 17:02:10 UTC
Previous filing
22 Aug 2023
Next filing
03 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Sale -$1.26M -25K -4.08% $50.56 587K 25 Oct 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in these transactions were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 24, 2023.