Jain Umang 4
4 · Zovio Inc · Filed Apr 2, 2019
Insider Transaction Report
Form 4
Zovio IncBPI
Jain Umang
SVP, Chief Technology Officer
Transactions
- Award
Restricted Stock Unit
2019-03-29+25,400→ 25,400 total→ Commin Stock (25,400 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F2]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2019.