Vickie L. Schray - 31 May 2021 Form 4 Insider Report for Zovio Inc

Role
EVP, Chief External Affairs Officer
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
31 May 2021
Net transactions value
$0
Form type
4
Filing time
02 Jun 2021, 21:27:46 UTC
Next filing
31 Mar 2022
SEC
View on sec.gov

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 ZVO Restricted Stock Unit Award $0 +18,840 $0.000000 18,840 31 May 2021 Common Stock 18,840 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F2 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2021.

Remarks:

EVP, Chief External Affairs Officer