Steve Burkholder - Aug 31, 2021 Form 4 Insider Report for Zovio Inc (ZVO)

Role
VP, Chief Accounting Officer
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Stock symbol
ZVO
Transactions as of
Aug 31, 2021
Transactions value $
-$686
Form type
4
Date filed
9/2/2021, 04:17 PM
Previous filing
Jun 2, 2021
Next filing
Mar 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVO Common Stock Options Exercise +695 +12.78% 6.13K Aug 31, 2021 Direct F1
transaction ZVO Common Stock Tax liability -$686 -266 -4.34% $2.58 5.87K Aug 31, 2021 Direct

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 Units Options Exercise $0 -695 -100% $0.00* 0 Aug 31, 2021 Common Stock 695 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 31, 2021, 695 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
F2 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F3 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% 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 August 31, 2017.