WAITE G THOMAS III 4

What Happened

• Waite G. Thomas III, a director of Strategic Education, Inc. (ticker: STRA), was granted 1,436 restricted shares on April 22, 2026. The Form 4 reports an acquisition at $0.00 (award/ grant), with a reported transaction value of $0. This is a compensatory award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-22; Transaction code: A (award/grant).
• Shares acquired: 1,436 restricted shares; reported price: $0.00; reported value: $0.
• Vesting: Per footnote F1, the award vests in three equal annual installments beginning April 22, 2027.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing: Form filed April 24, 2026 (appears timely under the Form 4 two-business-day rule).

Context

• Director restricted stock awards are commonly used for compensation and retention and do not necessarily signal an insider view on near-term stock performance. The award will convert to vested shares over time per the stated schedule.