Iole Lucchese - Sep 15, 2023 Form 4/A Insider Report for SCHOLASTIC CORP (SCHL)

Role
EVP & CHIEF STRATEGY OFFICER, Director
Signature
/s/ Iole Lucchese by Andrew S. Hedden, Esq., Attorney-in-Fact
Stock symbol
SCHL
Transactions as of
Sep 15, 2023
Transactions value $
-$32
Form type
4/A
Date filed
1/17/2024, 04:03 PM
Date Of Original Report
Sep 19, 2023
Previous filing
Jan 17, 2024
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 $512K +17K +27.18% $30.17 79.3K Sep 15, 2023 Direct F1
transaction SCHL Common Stock Tax liability -$512K -12.9K -16.24% $39.70 66.5K 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 $0 -17K -100% $0.00* 0 Sep 15, 2023 Common Stock 17K $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.