Teresa Carroll - 29 Mar 2022 Form 4 Insider Report for Zovio Inc

Role
Director
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
29 Mar 2022
Net transactions value
$0
Form type
4
Filing time
31 Mar 2022, 20:27:49 UTC
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 +19,472 +47% $0.000000 61,260 29 Mar 2022 Direct F1

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 -3,062 -100% $0.000000* 0 29 Mar 2022 Common Stock 3,062 Direct F2, F3
transaction ZVO Restricted Stock Unit Options Exercise $0 -16,410 -100% $0.000000* 0 29 Mar 2022 Common Stock 16,410 Direct F2, F4
transaction ZVO Restricted Stock Unit Award $0 +18,890 $0.000000 18,890 29 Mar 2022 Common Stock 18,890 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 29, 2022, 19,472 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 March 29, 2018.
F4 Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2022.
F5 Subject to the reporting person's continuing service, 100% of the restricted stock units shall vest on March 29, 2023.