Christopher L. Spohn - 07 Oct 2021 Form 4 Insider Report for Zovio Inc

Role
EVP, Operations, Office of the CEO
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
07 Oct 2021
Net transactions value
-$5,759
Form type
4
Filing time
08 Oct 2021, 19:10:59 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 $0 +10,220 +15% $0.000000 78,368 07 Oct 2021 Direct F1
transaction ZVO Common Stock Tax liability $5,759 -2,571 -3.3% $2.24 75,797 07 Oct 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 -10,220 -100% $0.000000* 0 07 Oct 2021 Common Stock 10,220 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

Remarks:

EVP, Operations, Office of the CEO