CHOOKASZIAN DENNIS 4

What Happened

• Dennis Chookaszian, a director of Perdoceo Education Corp (PRDO), received a grant of 3,987 restricted stock units (RSUs) on May 21, 2026. The units were granted at $0.00 (a typical equity award — no cash exchanged) and vest on June 14, 2027. The filing reports these as time‑based RSUs, each representing the contingent right to one share of common stock.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed 5 days after the transaction; appears late vs. the usual Form 4 deadline of two business days).
• Grant price: $0.00 per RSU; total immediate cash paid = $0.
• Shares/units held after the grant: 23,761 total beneficial units (calculated as 14,619 vested deferred stock units + 5,155 previously unvested RSUs + 3,987 newly granted RSUs).
• Footnote F1: New units are time‑based RSUs under the 2026 Long‑Term Incentive Plan; vest on June 14, 2027.
• Footnote F2: Breakdown of prior holdings — 14,619 vested deferred stock units (payable as shares upon termination of service) and 5,155 unvested RSUs from an earlier plan.

Context

• This was an equity award (not an open‑market purchase or sale). Awards like RSUs are commonly used for compensation and retention; they do not by themselves indicate a purchase-based bullish signal or an immediate sale. The grant vests in June 2027, at which point shares may be delivered subject to plan terms.