CHOOKASZIAN DENNIS 4

What Happened

• Dennis Chookaszian, a director of PERDOCEO EDUCATION Corp (PRDO), exercised/converted a derivative security on 2026-03-12 to acquire 21,129 shares by paying $5.96 per share (total cost ≈ $125,929). The filing also records the conversion/surrender of 21,129 derivative units at $0.00 (this line reflects the derivative instrument being converted rather than a sale for cash).

Key Details

• Transaction date: 2026-03-12; Exercise (M) — 21,129 shares acquired at $5.96 each (total ≈ $125,929). Concurrent derivative conversion (M) — 21,129 units disposed at $0.00.
• Shares owned after the transaction: not specified in the Form 4 filing.
• Footnote: filing notes inclusion of 14,619 vested deferred stock units (rights to receive shares upon termination of service) and 5,155 unvested restricted stock units (contingent rights upon vesting).
• Filing date: 2026-03-13 (timely filing for a 2026-03-12 transaction). No 10b5-1 plan, tax-withholding sale, or late filing indicated in the report.

Context

• This was an option/derivative exercise (code M). There is no separate cash sale reported — the $0.00 disposition line reflects conversion/surrender of the derivative instrument, not a market sale. Exercises are a neutral-to-bullish indicator (insider acquiring shares), but the filing does not state any immediate open-market sale of the acquired shares.