Vickie L. Schray - 29 Mar 2022 Form 4 Insider Report for Zovio Inc

Role
EVP, Chief External Affairs Officer
Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
29 Mar 2022
Net transactions value
-$6,548
Form type
4
Filing time
31 Mar 2022, 20:36:56 UTC
Previous filing
02 Jun 2021
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 +22,067 +35% $0.000000 85,920 29 Mar 2022 Direct F1
transaction ZVO Common Stock Tax liability $6,548 -7,814 -9.1% $0.8380 78,106 29 Mar 2022 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 -3,637 -100% $0.000000* 0 29 Mar 2022 Common Stock 3,637 Direct F2, F3
transaction ZVO Restricted Stock Unit Options Exercise $0 -4,920 -50% $0.000000 4,920 29 Mar 2022 Common Stock 4,920 Direct F2, F4
transaction ZVO Restricted Stock Unit Options Exercise $0 -7,230 -50% $0.000000 7,230 29 Mar 2022 Common Stock 7,230 Direct F2, F5
transaction ZVO Restricted Stock Unit Options Exercise $0 -6,280 -33% $0.000000 12,560 29 Mar 2022 Common Stock 6,280 Direct F2, F6
transaction ZVO Restricted Stock Unit Award $0 +17,780 $0.000000 17,780 29 Mar 2022 Common Stock 17,780 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 29, 2022, 22,067 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, 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, 2019.
F5 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2020.
F6 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2021.
F7 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2022.

Remarks:

EVP, Chief External Affairs Officer