4//SEC Filing
Jain Umang 4
Accession 0001567619-21-007328
CIK 0001305323other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 7:35 PM ET
Size
11.3 KB
Accession
0001567619-21-007328
Insider Transaction Report
Form 4
Zovio IncZVO
Jain Umang
SVP, Chief Technology Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-03-29−9,334→ 18,666 total→ Commin Stock (9,334 underlying) - Exercise/Conversion
Common Stock
2021-03-29+15,684→ 19,438 total - Tax Payment
Common Stock
2021-03-29$4.25/sh−5,424$23,052→ 14,014 total - Exercise/Conversion
Restricted Stock Unit
2021-03-29−6,350→ 12,700 total→ Commin Stock (6,350 underlying)
Footnotes (4)
- [F1]On March 29, 2021, 15,684 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]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.
- [F4]Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd 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, 2020.
Documents
Issuer
Zovio Inc
CIK 0001305323
Entity typeother
Related Parties
1- filerCIK 0001770734
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 7:35 PM ET
- Size
- 11.3 KB