HOVSEPIAN RONALD W 4

What Happened

• Ronald W. Hovsepian, Skillsoft Corp. (SKIL) CEO, Executive Chair and Director, reported conversion/exercise of a derivative on May 1, 2026. The filing shows 22,523 shares acquired at $0.00 and 22,523 shares disposed at $0.00 (derivative conversion), resulting in no cash consideration shown.

Key Details

• Transaction date: May 1, 2026; Form 4 filed: May 5, 2026 (Accession 0001091482-26-000008).
• Shares acquired: 22,523 at $0.00; Shares disposed: 22,523 at $0.00.
• Total reported cash value: $0 (conversion/exercise with no purchase price reported).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: Each restricted stock unit (RSU) represents a contingent right to receive one share of Class A common stock.
  • F2: These RSUs vest in four equal annual installments beginning May 1, 2026, subject to continued employment.
• The Form 4 shows both acquisition and immediate disposition of the same shares; the filing does not state a reason for the disposition (e.g., tax withholding or settlement mechanics).

Context

• This was a derivative conversion of RSUs rather than an open-market purchase or a discretionary sale. It does not indicate a typical "buy" or "sell" decision by the insider for market timing purposes.
• For retail investors: conversions/vestings are routine compensation events for executives. The filing simply documents that RSUs vested/converted into shares and those shares were immediately recorded as disposed per the Form 4.