Vincent Mathis - Aug 9, 2024 Form 4 Insider Report for Stride, Inc. (LRN)

Role
EVP, GENERAL COUNSEL
Signature
/s/ John C. Grothaus, Attorney-in-fact
Stock symbol
LRN
Transactions as of
Aug 9, 2024
Transactions value $
-$120,084
Form type
4
Date filed
8/13/2024, 05:09 PM
Previous filing
Aug 1, 2024
Next filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Award $0 +8.29K +19.44% $0.00 50.9K Aug 9, 2024 Direct F1
transaction LRN Common Stock Tax liability -$120K -1.51K -2.95% $79.79 49.4K Aug 12, 2024 Direct F2

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 LRN Restricted Stock Right Award $0 +1.56K $0.00 1.56K Aug 9, 2024 Common Stock 1.56K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
F2 Represents the number of shares withheld by the Issuer upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the most recent prior market day.
F3 Represents an award of restricted stock rights, each of which represents a contingent right to receive one share of the Company's common stock. The restricted stock rights will vest based on the achievement of certain compound annual growth rates in the price of the Company's common stock between the award date and September 15, 2027, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.