Perdoceo (PRDO) Chairman Gregory L. Jackson Sells Shares After Exercise

What Happened
Gregory L. Jackson, Director and Chairman of Perdoceo Education Corp (PRDO), exercised 11,271 derivative/option shares on Aug 11, 2026 by paying $9.69 per share (cost = $109,216) and immediately sold those 11,271 shares in the open market at a weighted average price of $31.78, producing proceeds of approximately $358,192. The filing also shows a derivative conversion/settlement entry for 11,271 shares reported as disposed at $0 (reporting mechanics related to the exercise/conversion).

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-12 (timely).
• Exercise: 11,271 shares exercised at $9.69/share (total cost ~$109,216).
• Sale: 11,271 shares sold at a weighted average of $31.78/share (total proceeds ~$358,192); trades ranged $31.20–$32.00 per footnote.
• Shares owned after transaction: not fully specified in the filing. The filing notes holdings that include 14,619 vested deferred stock units (convertible to shares upon termination) and 3,987 unvested restricted stock units.
• Footnotes: F1 explains the sale occurred in multiple trades and the reported price is a weighted average; F2 details deferred stock units and unvested RSUs included in holdings.

Context

• This was an exercise of a derivative/option (transaction code M) followed by an immediate sale — effectively a cashless exercise where the acquired shares were sold the same day. Such transactions commonly reflect option exercise liquidity rather than a directional view on the stock.
• Filing appears timely (next-day filing). There is no indication in this Form 4 that the reporting person is a 10% owner; he is reported as Director and Chairman.