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

Role
EVP, GENERAL COUNSEL
Signature
/s/ Andrew S. Hedden, Esq.
Stock symbol
SCHL
Transactions as of
Sep 15, 2023
Transactions value $
-$792,094
Form type
4/A
Date filed
1/16/2024, 04:11 PM
Date Of Original Report
Sep 19, 2023
Previous filing
Sep 27, 2022
Next filing
Sep 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Options Exercise $703K +23.3K +35.94% $30.17 88.1K Sep 15, 2023 Direct F1
transaction SCHL Common Stock Tax liability -$792K -20K -22.65% $39.70 68.1K Sep 15, 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 -$703K -23.3K -100% $30.17 0 Sep 15, 2023 Common Stock 23.3K $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.