Todd Goldthwaite - Dec 7, 2023 Form 3 Insider Report for Stride, Inc. (LRN)

Role
Managing Director
Signature
/s/ John C. Grothaus, Attorney-in-fact
Stock symbol
LRN
Transactions as of
Dec 7, 2023
Transactions value $
$0
Form type
3
Date filed
12/15/2023, 05:06 PM
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LRN Common Stock 88.2K Dec 7, 2023 Direct

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
holding LRN Restricted Stock Right Dec 7, 2023 Common Stock 3.03K Direct F1
holding LRN Restricted Stock Right Dec 7, 2023 Common Stock 3.34K Direct F2
holding LRN Restricted Stock Right Dec 7, 2023 Common Stock 1.84K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock right represents a contingent right to receive one share of Stride common stock. The restricted stock right vests upon Stride's common stock achieving an average stock price that equals or exceeds $41.45 per share based on the average 20-calendar day closing price on the next following trading date after September 15, 2024.
F2 Represents an award of restricted stock rights, each of which represents a contingent right to receive one share of the Company's common stock. The restricted stock rights will vest based on the achievement of certain compound annual growth rates in the price of the Company's common stock between the award date and September 15, 2025, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.
F3 Represents an award of restricted stock rights, each of which represents a contingent right to receive one share of the Company's common stock. The restricted stock rights will vest based on the achievement of certain compound annual growth rates in the price of the Company's common stock between the award date and September 15, 2026, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.