Michael Mathews - 21 Jul 2021 Form 4 Insider Report for ASPEN GROUP, INC. (ASPU)

Role: Chief Executive Officer, Director
Signature: /s/ Michael Mathews
Issuer symbol: ASPU
Transactions as of: 21 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 23 Jul 2021, 16:10:18 UTC
Previous filing: 15 Jul 2021
Next filing: 11 Jul 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPU	Common Stock	Award	$0	+125,000	+14%	$0.000000	1,017,947	21 Jul 2021	Direct	F1
holding	ASPU	Common Stock						8,334	21 Jul 2021	Held in trust

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units granted pursuant to the Employment Agreement, dated July 21, 2021, between the Issuer and the Reporting Person, which replaced the Reporting Person's expired Employment Agreement. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The restricted stock units will vest following the Issuer's filing of a quarterly or annual report on Form 10-Q or 10-K as applicable, which report directly or indirectly reflects that the Company delivered net income on a GAAP basis for the fiscal quarter covered by such report, subject to continued employment with the Issuer on the vesting date.

Content

Represents restricted stock units granted pursuant to the Employment Agreement, dated July 21, 2021, between the Issuer and the Reporting Person, which replaced the Reporting Person's expired Employment Agreement. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The restricted stock units will vest following the Issuer's filing of a quarterly or annual report on Form 10-Q or 10-K as applicable, which report directly or indirectly reflects that the Company delivered net income on a GAAP basis for the fiscal quarter covered by such report, subject to continued employment with the Issuer on the vesting date.