John Silvanus Wilson Jr. - May 31, 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
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 05:29 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 +7.84K $0.00 7.84K May 31, 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 -4.72K -25% $0.00 14.2K May 31, 2022 Common Stock 4.72K Direct F2, F3
transaction ZVO Restricted Stock Unit Options Exercise $0 -3.12K -25% $0.00 9.36K May 31, 2022 Common Stock 3.12K 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, 7,843 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, 2021.

Remarks:

Exhibit 24 - Power of Attorney