Diane L. Thompson - Oct 7, 2021 Form 4 Insider Report for Zovio Inc (ZVO)

Role: EVP, Office of the CEO
Signature: /s/ Diane L. Thompson
Stock symbol: ZVO
Transactions as of: Oct 7, 2021
Transactions value $: -$7,918
Form type: 4
Date filed: 10/8/2021, 07:08 PM
Previous filing: Jun 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZVO	Common Stock	Options Exercise	$0	+10.2K	+8.4%	$0.00	132K	Oct 7, 2021	Direct	F1
transaction	ZVO	Common Stock	Tax liability	-$7.92K	-3.54K	-2.68%	$2.24	128K	Oct 7, 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 Unit	Options Exercise	$0	-10.2K	-100%	$0.00^*	0	Oct 7, 2021	Common Stock	10.2K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	On October 7, 2021, 10,220 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: one hundred percent (100%) of the restricted stock units shall vest on the six (6) month anniversary of April 7, 2021.