Czeszewski David C. 4

What Happened David Czeszewski, Senior Vice President and Chief Investment Officer of Perdoceo Education (PRDO), exercised 12,972 stock options (paid $13.80 each) and sold a total of 36,225 shares in open-market transactions on February 25, 2026. The option exercise cost was $179,014; the two bundles of shares sold were reported at weighted-average prices of $32.81 (23,253 shares for $762,931) and $32.80 (12,972 shares for $425,482), for combined sale proceeds of $1,188,413. The filing shows the derivative/options instrument disposed in connection with the exercise (reported at $0).

Key Details

• Transaction date: February 25, 2026 (Form 4 filed Feb 27, 2026; appears timely).
• Sales: 23,253 shares at a weighted avg ~$32.81 (range reported $32.20–$33.29, per footnote); 12,972 shares at ~$32.80 (range $32.28–$33.17).
• Option exercise: 12,972 shares exercised at $13.80 each (total $179,014); the related derivative was reported as disposed (standard when options are converted to shares).
• Gross proceeds from sales: $1,188,413; cash paid to exercise options: $179,014 (net cash difference ≈ $1.01M).
• Shares owned after transaction: filing corrects a prior administrative error and notes inclusion of 39,041 unvested restricted stock units; the excerpt provided does not list a single consolidated post-transaction total.
• Notable footnotes: F1/F2 explain weighted-average prices and multiple-trade ranges; F3 notes 39,041 unvested RSUs and corrects a prior overstatement of one share; F4 notes the options were granted March 6, 2018 and vested in installments through 2022.

Context

• This was an option exercise followed by open-market sales (common “exercise and sell” / cashless-style outcome). The exercise used vested options (per F4); the derivative entry reported as disposed reflects conversion of the options into shares.
• Sales by insiders are routine and do not by themselves indicate company direction; purchases are generally considered more informative about insider sentiment. This filing appears timely (filed within normal Form 4 timing).