Hummel Kristi 4
4 · Skillsoft Corp. · Filed Sep 29, 2021
Insider Transaction Report
Form 4
Skillsoft Corp.SKIL
Hummel Kristi
Chief People Officer
Transactions
- Award
Restricted Stock Units
2021-09-27+84,959→ 84,959 total→ Class A Common Stock (84,959 underlying) - Award
Restricted Stock Units
2021-09-27+84,959→ 84,959 total→ Class A Common Stock (84,959 underlying) - Award
Employee Stock Option (right to buy)
2021-09-27+231,027→ 231,027 totalExercise: $11.28Exp: 2031-09-27→ Class A Common Stock (231,027 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 27, 2022.
- [F3]The restricted stock units vest in four equal annual installments beginning September 27, 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 27, 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 27, 2025.
- [F4]The options vest one-quarter on September 27, 2022 and the remaining three-quarters in twelve equal quarterly installments thereafter.