Kevin Royal - May 31, 2022 Form 4 Insider Report for Zovio Inc (ZVO)

Role
EVP, Chief Financial Officer
Signature
/s/ Matt Mitchell, as Attorney-in-Fact
Stock symbol
ZVO
Transactions as of
May 31, 2022
Transactions value $
-$2,741
Form type
4
Date filed
6/2/2022, 05:20 PM
Previous filing
Mar 31, 2022
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZVO Common Stock Options Exercise $0 +10K +7.23% $0.00 149K May 31, 2022 Direct F1
transaction ZVO Common Stock Tax liability -$2.74K -3.47K -2.33% $0.79* 145K May 31, 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 -10K -100% $0.00* 0 May 31, 2022 Common Stock 10K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 31, 2022, 10,020 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 May 31, 2018.

Remarks:

Exhibit 24 - Power of Attorney