ANDREWS S. HEDDEN - 15 Sep 2023 Form 4/A Insider Report for SCHOLASTIC CORP (SCHL)

Role
EVP, GENERAL COUNSEL
Signature
/s/ Andrew S. Hedden, Esq.
Issuer symbol
SCHL
Transactions as of
15 Sep 2023
Net transactions value
-$792,094
Form type
4/A
Filing time
16 Jan 2024, 16:11:28 UTC
Date Of Original Report
19 Sep 2023
Previous filing
27 Sep 2022
Next filing
22 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Options Exercise $702,629 +23,289 +36% $30.17 88,081 15 Sep 2023 Direct F1
transaction SCHL Common Stock Tax liability $792,094 -19,952 -23% $39.70 68,129 15 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 SCHL Stock Option Options Exercise $702,629 -23,289 -100% $30.17 0 15 Sep 2023 Common Stock 23,289 $30.17 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options were auto-exercised on the day of expiration and net shares were received for the gain on exercise.
F2 Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.