HOVSEPIAN RONALD W 4
4 · Skillsoft Corp. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Skillsoft (SKIL) CEO Ronald Hovsepian Receives 31,250 RSU Shares
What Happened
Ronald W. Hovsepian, Skillsoft’s CEO and Executive Chair, received 31,250 shares on April 16, 2026 upon conversion/vesting of restricted stock units (RSUs). The RSUs converted at $0.00 per share. The company withheld 9,171 of those shares to satisfy tax withholding obligations at an effective value of $6.64 per share, totaling $60,895. Net shares delivered to Hovsepian were 22,079 (31,250 gross − 9,171 withheld).
Key Details
- Transaction date: April 16, 2026. Form filed April 20, 2026 (no late filing indicated).
- Derivative conversion (code M): 31,250 RSUs converted into 31,250 shares @ $0.00.
- Tax withholding (code F): 9,171 shares withheld @ $6.64 = $60,895.
- Net shares received: 22,079.
- Shares owned after the transaction: Not reported on this Form 4.
- Footnotes: F1 — shares withheld to satisfy tax withholding; F2 — each RSU equals one share of Class A common stock; F3 — these RSUs vest in 16 equal installments (first on grant date, then quarterly beginning Oct 16, 2024).
Context
This was a scheduled RSU vesting and not an open-market buy or sale by the insider. The withholding of shares to cover taxes is a routine cashless-like settlement and should not be read as a voluntary sale. For retail investors, vesting awards are standard compensation; they reflect grant fulfillment rather than an independent insider purchase or sale signal.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-04-16+31,250→ 296,747 total - Tax Payment
Class A Common Stock
[F1]2026-04-16$6.64/sh−9,171$60,895→ 287,576 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-04-16−31,250→ 250,000 total→ Class A Common Stock (31,250 underlying)
Footnotes (3)
- [F1]Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F3]The restricted stock units vest in 16 equal installments. The first installment vested on the grant date, with 15 subsequent installments vesting quarterly beginning October 16, 2024.