RALPH R. SMITH - 07 Dec 2023 Form 4 Insider Report for Stride, Inc. (LRN)

Role
Director
Signature
/s/ John C. Grothaus, Attorney-in-fact
Issuer symbol
LRN
Transactions as of
07 Dec 2023
Net transactions value
$0
Form type
4
Filing time
11 Dec 2023, 17:22:42 UTC
Previous filing
17 Oct 2023
Next filing
23 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Award $0 +831 +94% $0.000000 1,715 07 Dec 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 LRN Deferred Stock Unit Award $0 +2,493 +74% $0.000000 5,859 07 Dec 2023 Common Stock 2,493 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are restricted and will vest on the earlier of (a) December 7, 2024, or (b) the next annual meeting of the stockholders of Stride, Inc.
F2 Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock of Stride, Inc. Vested DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
F3 The DSUs will vest on the earlier of (a) December 7, 2024 or (b) the next annual meeting of the stockholders of Stride, Inc.