BACHUS DANIEL E 4

What Happened Daniel E. Bachus, Chief Financial Officer of Grand Canyon Education (LOPE), had 2,480 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock. The withholding was executed at a price of $159.07 per share, resulting in a disposition value of approximately $394,494. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-01; Filing posted: 2026-03-03 (Accession 0001213136-26-000004)
• Shares withheld/disposed: 2,480 at $159.07 per share; total ≈ $394,494
• Transaction code: F — withholding of shares to pay tax liability on vesting
• Footnote: F1 — represents withholding of shares to pay tax liability incident to the vesting of restricted stock
• Shares owned after the transaction: not specified in the provided filing excerpt
• No late-filing flag indicated in the provided data

Context Withholding shares to cover taxes when restricted stock vests is a routine administrative action and is recorded as a disposition on Form 4. It does not indicate an intent to sell shares on the market and should be interpreted differently from an open-market sale.