Vincent Mathis - Sep 25, 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
Sep 25, 2024
Transactions value $
-$469,495
Form type
4
Date filed
9/27/2024, 04:51 PM
Previous filing
Aug 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRN Common Stock Options Exercise $0 +5.26K +10.99% $0.00 53.1K Sep 25, 2024 Direct F1
transaction LRN Common Stock Award $0 +13.2K +24.75% $0.00 66.3K Sep 25, 2024 Direct F1
transaction LRN Common Stock Tax liability -$469K -5.55K -8.36% $84.67 60.8K Sep 25, 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 Options Exercise $0 -5.26K -100% $0.00 0 Sep 25, 2024 Common Stock 5.26K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of shares of Common Stock in connection with the vesting at above target threshold of the performance award originally granted on August 13, 2021.
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 Each restricted stock right represents a contingent right to receive one share of Stride common stock. The restricted stock right vests upon Stride's common stock achieving an average stock price that equals or exceeds $41.45 per share based on the average 20-day closing price on the next following trading date after September 15, 2024.