Iole Lucchese - 12 Jan 2024 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role: EVP & CHIEF STRATEGY OFFICER, Director
Signature: /s/ Iole Lucchese by Andrew S. Hedden, Esq., Attorney-in-fact
Issuer symbol: SCHL
Transactions as of: 12 Jan 2024
Transactions value $: $0
Form type: 4
Date filed: 17 Jan 2024, 16:06
Previous filing: 17 Jan 2024
Next filing: 19 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCHL	Common Stock	Conversion of derivative security		+445K	+83.45%		979K	12 Jan 2024	Estate of M. Richard Robinson	F1, F2, F3
holding	SCHL	Common Stock						72.6K	12 Jan 2024	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
transaction	SCHL	Class A Stock	Conversion of derivative security	$0	-445K	-50%	$0.00	445K	12 Jan 2024	Common Stock	445K		Estate of M. Richard Robinson	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a conversion of 445,452 shares of Class A Stock into an equal number of shares of Common Stock.
F2	The shares of Class A Stock, $0.01 par value are convertible into shares of Common Stock, $0.01 par value, at any time at the option of the holder thereof, on a share-for-share basis.
F3	As previously disclosed, Ms. Lucchese is a preliminary executor of the Estate of M. Richard Robinson, Jr. These securities are held by the Estate of M. Richard Robinson, Jr. Ms. Lucchese disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.