Spohn Christopher L. 4
4 · Zovio Inc · Filed Jun 2, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Spohn Christopher L.
SVP & Chief Admissions Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-05-31−42,777→ 85,553 total→ Common Stock (42,777 underlying) - Award
Restricted Stock Unit
2021-05-31+111,490→ 111,490 total→ Common Stock (111,490 underlying) - Exercise/Conversion
Common Stock
2021-05-31+42,777→ 78,907 total - Tax Payment
Common Stock
2021-05-31$2.35/sh−10,759$25,284→ 68,148 total
Footnotes (4)
- [F1]On May 31, 2021, 42,777 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) 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 May 31, 2020.
- [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, 2021.