Ferrera Gary W 4
4 · Skillsoft Corp. · Filed Sep 22, 2021
Insider Transaction Report
Form 4
Skillsoft Corp.SKIL
Ferrera Gary W
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2021-09-20+126,863→ 126,863 total→ Class A Common Stock (126,863 underlying) - Award
Employee Stock Option (right to buy)
2021-09-20+396,725→ 396,725 totalExercise: $10.51Exp: 2031-09-20→ Class A Common Stock (396,725 underlying) - Award
Restricted Stock Units
2021-09-20+126,863→ 126,863 total→ Class A Common Stock (126,863 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Skillsoft Corp.
- [F2]The restricted stock units vest in four equal annual installments beginning September 20, 2022.
- [F3]The restricted stock units vest in four equal annual installments beginning September 20, 2022, but only if the closing price of a share of Class A Common Stock, as reported on the New York Stock Exchange, equals or exceeds $12.50 on at least 20 out of 30 consecutive trading days prior to September 20, 2025; if the specified price per share is not achieved when the annual installments are due to occur, then the restricted stock units will accumulate and first vest upon achievement of the specified price and then continue to vest in the remaining annual installments before September 20, 2025.
- [F4]The option vests one-quarter on September 20, 2022 and the remaining three-quarters in twelve equal quarterly installments thereafter.