Burkholder Steve 4
4 · Zovio Inc · Filed Sep 2, 2021
Insider Transaction Report
Form 4
Zovio IncZVO
Burkholder Steve
VP, Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2021-08-31+695→ 6,134 total - Tax Payment
Common Stock
2021-08-31$2.58/sh−266$686→ 5,868 total - Exercise/Conversion
Restricted Stock Units
2021-08-31−695→ 0 total→ Common Stock (695 underlying)
Footnotes (3)
- [F1]On August 31, 2021, 695 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 August 31, 2017.