Spohn Christopher L. 4
4 · Zovio Inc · Filed Mar 31, 2022
Insider Transaction Report
Form 4
Zovio IncZVO
Spohn Christopher L.
SVP & Chief Admissions Officer
Transactions
- Exercise/Conversion
Common Stock
2022-03-29+37,164→ 112,961 total - Exercise/Conversion
Restricted Stock Unit
2022-03-29−37,164→ 74,326 total→ Common Stock (37,164 underlying) - Tax Payment
Common Stock
2022-03-29$0.84/sh−10,860$9,101→ 102,101 total
Footnotes (3)
- [F1]On March 29, 2022, 37,164 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 March 29, 2021.