George P. Pernsteiner - 07 Apr 2022 Form 4 Insider Report for Zovio Inc

Role
Director
Signature
/s/ Matt Mitchell, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
07 Apr 2022
Net transactions value
$0
Form type
4
Filing time
08 Apr 2022, 18:17:02 UTC
Previous 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 +20,450 +29% $0.000000 92,159 07 Apr 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 -20,450 -100% $0.000000* 0 07 Apr 2022 Common Stock 20,450 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