George P. Pernsteiner - Apr 7, 2022 Form 4 Insider Report for Zovio Inc (ZVO)

Role
Director
Signature
/s/ Matt Mitchell, as Attorney-in-Fact
Stock symbol
ZVO
Transactions as of
Apr 7, 2022
Transactions value $
$0
Form type
4
Date filed
4/8/2022, 06:17 PM
Previous 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 +20.5K +28.52% $0.00 92.2K Apr 7, 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 -20.5K -100% $0.00* 0 Apr 7, 2022 Common Stock 20.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 7, 2022, 20,450 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 one (1) year anniversary of April 7, 2021.

Remarks:

Exhibit 24 - Power of Attorney