BACHUS DANIEL E 4

What Happened
Daniel E. Bachus, Chief Financial Officer of Grand Canyon Education (LOPE), received a grant of 3,696 restricted shares on January 28, 2026. The Form 4 lists the transaction as an award/grant (code A) at $0.00 per share (total reported value $0). This is an equity compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: January 28, 2026; Form 4 filed January 30, 2026 (filed within the typical 2-business-day window).
• Reported amount: 3,696 restricted shares; price reported on form: $0.00; total reported value: $0.
• Vesting: 20% vests on March 1, 2027 (First Vesting Date) and 20% vests on each of the first four anniversaries of that date (full vesting over five installments).
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding, or late-filing flag reported on the Form 4.

Context
Restricted stock awards are standard executive compensation to align management with long-term shareholder value; they do not represent an immediate cash purchase or sale. The grant vests over multiple years, so the shares are subject to forfeiture until vested and therefore do not necessarily indicate immediate buying or selling intent.