Matthew LaVay - Aug 16, 2021 Form 4 Insider Report for ASPEN GROUP, INC. (ASPU)

Role: Chief Financial Officer
Signature: /s/ Matthew LaVay
Stock symbol: ASPU
Transactions as of: Aug 16, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/16/2021, 04:05 PM
Next filing: Aug 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPU	Common Stock	Award	$0	+125K		$0.00	125K	Aug 16, 2021	Direct	F1

* 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, effective August 16, 2021, between the Issuer and the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was made under the Aspen Group, Inc. 2018 Equity Incentive Plan, was approved by the Executive Committee and was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The restricted stock units will vest in three approximately equal annual increments with the first increment vesting on August 16, 2022, subject to continued employment with the Issuer on each applicable vesting date.

Content

Represents restricted stock units granted pursuant to the Employment Agreement, effective August 16, 2021, between the Issuer and the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was made under the Aspen Group, Inc. 2018 Equity Incentive Plan, was approved by the Executive Committee and was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder. The restricted stock units will vest in three approximately equal annual increments with the first increment vesting on August 16, 2022, subject to continued employment with the Issuer on each applicable vesting date.