Peter Schmitt - Jul 18, 2024 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Director
Signature
/s/ Richard Walker, as attorney-in-fact for Peter Schmitt
Stock symbol
SKIL
Transactions as of
Jul 18, 2024
Transactions value $
$0
Form type
4
Date filed
7/22/2024, 07:28 PM
Previous filing
Sep 27, 2023
Next filing
Jul 23, 2024

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 SKIL Restricted Stock Units Options Exercise $0 -3.75K -100% $0.00* 0 Jul 18, 2024 Class A Common Stock 3.75K Direct F1, F2, F3
transaction SKIL Phantom Stock Options Exercise $0 +3.75K $0.00 3.75K Jul 18, 2024 Class A Common Stock 3.75K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All amounts of securities reported in this Form 4 reflect a 1-for-20 reverse stock split that became effective September 29, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3 The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
F4 Each share of phantom stock represents a contingent right to receive one share of Class A common stock of the Issuer and resulted from the deferral of vested restricted stock unit award shares.