Phoenix Education (PXED) COO Krishnaiah Raghu Ram Exercises Options

What Happened
Krishnaiah Raghu Ram, Chief Operating Officer of Phoenix Education Partners, exercised 62,782 stock options on August 19, 2026, at an exercise price of $11.04 per share, costing $693,113. To cover tax/exercise obligations, 39,825 shares were surrendered/withheld at a reported value of $27.86 per share (totaling $1,109,525). The filing shows the option exercise (transaction code M) and the tax/withholding disposition (code F).

Key Details

• Transaction date: August 19, 2026; Form 4 filed August 21, 2026 (timely filing).
• Exercise: 62,782 shares exercised at $11.04/share = $693,113 (code M).
• Withholding/tax: 39,825 shares withheld/disposed at $27.86/share = $1,109,525 (code F).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Options were exercised because they were scheduled to expire before certain transfer restrictions on the issuer's shares lapsed; the reporting person remains subject to transfer restrictions until October 8, 2026. The footnote also states no shares were sold on the market by the reporting person in connection with this transaction.

Context

• This was an option exercise with shares withheld to satisfy tax/exercise obligations (common form of "cashless" or net-share settlement), not an open-market sale.
• Codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability via share withholding.
• Such withholding/surrenders are routine administrative actions and do not necessarily indicate a change in insider sentiment.