Medina Timothy 4
4 · Stride, Inc. · Filed Aug 16, 2021
Insider Transaction Report
Form 4
Stride, Inc.LRN
Medina Timothy
Chief Financial Officer
Transactions
- Award
Restricted Stock Right
2021-08-13+5,895→ 5,895 totalExp: 2024-09-15→ Common Stock (5,895 underlying) - Award
Common Stock
2021-08-13+15,720→ 63,881 total - Tax Payment
Common Stock
2021-08-12$33.39/sh−234$7,813→ 48,161 total
Footnotes (3)
- [F1]Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.
- [F2]These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
- [F3]Each restricted stock right represents a contingent right to receive one share of Stride common stock. The restricted stock right vests upon Stride's common stock achieving an average stock price that equals or exceeds $41.45 per share based on the average 20-calendar day closing price on the next following trading date after September 15, 2024.