Jain Umang 4
4 · Zovio Inc · Filed Mar 31, 2021
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.