Peppers Michele A 4

What Happened

• Michele A. Peppers, Principal Accounting Officer of Perdoceo Education Corp (PRDO), sold 14,000 shares in an open-market sale on May 13, 2026. The shares were sold at $34.50 each for a total cash value of approximately $483,000. This was a straight sale (code S) — a disposal of shares rather than a purchase or award.

Key Details

• Transaction date: May 13, 2026
• Transaction type: Open-market sale (Code S)
• Shares sold: 14,000 at $34.50 per share — total ≈ $483,000
• Shares owned after transaction: Not specified in the summary filing (the Form 4 did not list a total beneficial ownership figure here)
• Footnote: The filing notes 20,435 unvested restricted stock units (RSUs) granted under the issuer’s 2016 Incentive Compensation Plan; each RSU represents the contingent right to receive one common share when vested.
• Filing timeliness: Form 4 filed on May 13, 2026 (same date as the reported transaction), indicating a timely report in this case
• No 10b5-1 plan, tax-withholding sale, or late-filing flag was specified in the provided details

Context

• Sales by officers can be routine (diversification, tax planning, company policy) and do not necessarily signal a change in company prospects. The presence of unvested RSUs in the footnote means some of the insider's compensation is still subject to future vesting; these RSUs were not part of the reported sale.
• For retail investors, outright purchases by insiders are often more directly interpreted as a bullish signal than routine sales; this transaction is a sale and should be viewed as one data point among many when assessing insider sentiment.