John Kiely - 31 Aug 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: 31 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Sep 2022, 17:29:42 UTC
Previous filing: 10 May 2022
Next filing: 11 May 2023
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		+8,855	+14%		71,865	31 Aug 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 Units	Options Exercise		+8,855			8,855	31 Aug 2022	Common Stock	8,855		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each RSU represents a contingent right to receive one share of Zovio, Inc. Common Stock.
F2	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 August 31, 2019.

Content

Each RSU represents a contingent right to receive one share of Zovio, Inc. Common Stock.

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 August 31, 2019.