Foulkes Helena 4

What Happened

• Helena Foulkes, a director of Skillsoft Corp. (SKIL), recorded an exercise/conversion of derivative awards on 2026-06-25. The filing shows 12,430 shares acquired and a matching disposition of 12,430 shares, both at $0.00 (transaction code M — exercise or conversion of a derivative). No cash value was reported with these entries.

Key Details

• Transaction date: 2026-06-25; Form 4 filed: 2026-06-26 (timely).
• Shares shown: 12,430 acquired and 12,430 disposed; price per share reported $0.00; total cash value $0.
• Shares owned after the transaction: not specified in the filing.
• Footnotes summary:
  • F1: Each restricted stock unit (RSU) equals a contingent right to one Class A share.
  • F2: These RSUs vest on the earlier of one year from grant or the next annual meeting, subject to continued service.
  • F3: The reporting person elected to defer settlement of vested RSUs so they were converted into an equal number of phantom stock shares (contingent rights to shares).
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the Form 4.

Context

• This was a derivative conversion/settlement event (RSUs ↔ phantom stock), not a cash purchase or open-market sale. The $0.00 entries reflect conversion/deferral mechanics rather than a market trade, so they do not directly signal a bullish or bearish purchase/sale by the insider.