GROSS PATRICK W 4

What Happened
Patrick W. Gross, a director of Perdoceo Education Corp (PRDO), was granted 3,987 restricted stock units (RSUs) on 2026-05-21. The grant was reported at a $0.00 per‑unit price (total reported value $0) and the RSUs are time-based awards that vest on June 14, 2027. This is an award/grant (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21; filing date (Form 4): 2026-05-26 (filed 5 days after the transaction; Form 4s are normally due within two business days, so this filing appears late).
• Award: 3,987 RSUs at $0.00 per unit (reported value $0). Vesting date: June 14, 2027 (see footnote F1).
• Shares/units owned after transaction (per footnotes): 23,761 total units calculated as 14,619 vested deferred stock units + 5,155 previously unvested RSUs + 3,987 new RSUs (see footnote F2 for details).
• Footnote F1: Time‑based RSUs under the 2026 Long‑Term Incentive Plan; each unit represents the contingent right to one common share on vesting.
• Footnote F2: Reporting person also holds 14,619 vested deferred stock units (payable upon termination) and 5,155 unvested RSUs from prior plans.

Context
RSU grants are common director/executive compensation and reflect future contingent ownership once vesting conditions are met; they are not an immediate cash purchase or sale and should not be interpreted alone as a bullish or bearish signal. The deferred units listed (vested but payable on termination) are different from immediately held shares and from unvested RSUs that only convert to stock upon vesting.