Peppers Michele A 4

What Happened

• Michele A. Peppers, Perdoceo (PRDO) Principal Accounting Officer, reported the vesting/exercise of 4,728 performance-based restricted stock units (PSUs) (acquired at $0.00 per share) and the surrender/disposition of 6,464 shares to the issuer to satisfy tax withholding obligations. The surrendered shares were recorded at $35.78 per share, totaling $231,282.

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 17, 2026.
• Acquired: 4,728 shares via exercise/vesting of PSUs (code M) at $0.00 (report shows $0 value for exercise).
• Disposed/surrendered (tax withholding): 792, 402, 639, 436 and 4,195 shares (total 6,464) at $35.78 each — aggregate reported value $231,282.
• Footnotes: F1 — shares surrendered to satisfy tax withholding for RSU vesting; F2 — the 4,728 shares reflect additional PSUs tied to a March 7, 2023 grant that vested at 200% of target; F3 — reporting person has 20,435 unvested RSUs outstanding.
• This was not an open-market sale but a routine share surrender to cover taxes (dispositions coded as F).

Context

• The primary action was a vesting of performance-based awards (PSUs) with an accompanying cashless-style tax withholding where shares are surrendered to the company — a common, administrative step that does not necessarily indicate a change in sentiment. The filing shows both the acquisition from vesting and the related tax-related dispositions; it does not report an open-market sale.