Sterling Fund Management LLC 4
4 · LAUREATE EDUCATION, INC. · Filed Jun 2, 2021
Insider Transaction Report
Form 4
Sterling Fund Management LLC
Director10% Owner
Transactions
- Other
Class A Common Stock
2021-05-28+13,620→ 13,620 total
Footnotes (3)
- [F1]Represents shares of Class A common stock of Laureate Education, Inc. (the "Issuer") previously issued to Steven M. Taslitz pursuant to Laureate's non-employee director compensation plan, which, pursuant to the Founders' Agreement (as defined below) and the organizational documents of certain entities affiliated with Sterling, were transferred to the Reporting Person.
- [F2]Pursuant to an agreement (the "Founders' Agreement") among Mr. Taslitz, Douglas L. Becker and R. Christopher Hoehn-Saric and one other founder of Sterling (the "Sterling Founders"), the Sterling Founders share equally, on a net after-tax basis, in certain equity securities they receive in connection with services rendered by any of them to certain entities, including the Issuer. Each Sterling Founder controls the voting and disposition of the securities allocable to such Sterling Founder.
- [F3]The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein. This filing shall not be deemed an admission that the Reporting Person is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by the Reporting Person of any securities reported herein for purposes of Section 16 of the Exchange Act or otherwise.