Steve Burkholder - 31 Aug 2021 Form 4 Insider Report for Zovio Inc

Role: VP, Chief Accounting Officer
Signature: /s/ Diane L. Thompson, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 31 Aug 2021
Net transactions value: -$686
Form type: 4
Filing time: 02 Sep 2021, 16:17:31 UTC
Previous filing: 02 Jun 2021
Next filing: 31 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVO	Common Stock	Options Exercise		+695	+13%		6,134	31 Aug 2021	Direct	F1
transaction	ZVO	Common Stock	Tax liability	$686	-266	-4.3%	$2.58	5,868	31 Aug 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%	$0.000000^*	0	31 Aug 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.