Cappelli Gregory William 4

What Happened
Gregory Cappelli, a director of Strategic Education, was granted 1,436 shares of restricted stock on April 22, 2026. The shares were reported as acquired at $0.00 (total reported cost $0). The award is restricted stock that will vest in three equal annual installments beginning April 22, 2027, per the filing footnote.

Key Details

• Transaction date: 2026-04-22; reported on Form 4 filed 2026-04-24 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 1,436; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Award vests in three equal annual installments starting April 22, 2027 (F1).
• No indication of a sale, option exercise, or tax withholding in this filing.

Context
This was a compensation-related restricted stock grant, not a purchase or sale. Because the shares are subject to multi-year vesting, they do not represent an immediate increase in freely tradable holdings. Such awards are common for executives/directors and are primarily a form of long-term compensation rather than an immediate market signal.