| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STRA | Common Stock | Tax liability | -$738K | -7.7K | -4.23% | $95.85 | 174K | Feb 27, 2024 | Direct | F1 |
| transaction | STRA | Common Stock | Sale | -$1.23M | -12.8K | -7.36% | $95.99 | 161K | Feb 27, 2024 | Direct | F2, F3 |
| transaction | STRA | Common Stock | Award | $0 | +34.2K | +21.19% | $0.00 | 196K | Feb 28, 2024 | Direct | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Number of shares withheld to cover taxes with respect to performance-based restricted shares that vested on February 27, 2024. |
| F2 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on March 13, 2023. |
| F3 | Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $95.56 to $96.26, inclusive. The reporting person undertakes to provide Strategic Education, Inc., any security holder of Strategic Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes of this Form 4. |
| F4 | These shares are restricted and will vest on February 28, 2028, subject to the satisfaction of certain performance criteria. |