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

Role
EVP, Operations, Office of the CEO
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Stock symbol
ZVO
Transactions as of
Oct 7, 2021
Transactions value $
-$5,759
Form type
4
Date filed
10/8/2021, 07:10 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 $0 +10.2K +15% $0.00 78.4K Oct 7, 2021 Direct F1
transaction ZVO Common Stock Tax liability -$5.76K -2.57K -3.28% $2.24 75.8K 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

Remarks:

EVP, Operations, Office of the CEO