Klein Michael Stuart 4

What Happened

• Michael Stuart Klein, a director of Skillsoft Corp. (SKIL), converted/exercised a derivative position on 2026-06-25 that resulted in 12,430 shares being acquired. The reported exercise/conversion price was $0.00, so no cash was paid. The filing also shows a corresponding derivative disposition entry for the same 12,430 units (this reflects the derivative instrument ceasing to exist upon conversion).

Key Details

• Transaction date: 2026-06-25 (Form 4 filed 2026-06-26).
• Shares involved: 12,430 shares acquired via conversion; same 12,430 units reported as disposed (derivative).
• Price per share: $0.00; total reported cash value $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote F1: each restricted stock unit (RSU) represents a contingent right to one share of Skillsoft Class A common stock.
• Footnote F2: these RSUs vest on the earlier of (i) one-year anniversary of grant or (ii) the issuer’s next annual meeting, subject to continued service.
• Filing timeliness: Form 4 was filed the day after the transaction and appears timely (insiders have two business days to report).

Context

• Transaction code M denotes exercise or conversion of a derivative. Here that conversion appears to be RSUs converting into common shares rather than a cash purchase or market sale; no immediate sale of the underlying shares is reported. This type of conversion is typically administrative (vesting/settlement) and does not by itself indicate a buy or sell decision in the open market.