Spohn Christopher L. 4
4 · Zovio Inc · Filed May 4, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Spohn Christopher L.
SVP & Chief Admissions Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-04-30−27,473→ 82,417 total→ Common Stock (27,473 underlying) - Tax Payment
Common Stock
2021-04-30$3.71/sh−6,910$25,636→ 36,130 total - Exercise/Conversion
Common Stock
2021-04-30+27,473→ 43,040 total
Footnotes (3)
- [F1]On April 30, 2021, 27,473 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 April 30, 2020.