Burkholder Steve 4
4 · Zovio Inc · Filed Mar 31, 2022
Insider Transaction Report
Form 4
Zovio IncZVO
Burkholder Steve
VP, Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2022-03-29−1,855→ 0 total→ Common Stock (1,855 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-03-29−3,133→ 3,133 total→ Common Stock (3,133 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-03-29−2,817→ 5,633 total→ Common Stock (2,817 underlying) - Exercise/Conversion
Common Stock
2022-03-29+9,937→ 15,805 total - Tax Payment
Common Stock
2022-03-29$0.84/sh−4,191$3,512→ 11,614 total - Exercise/Conversion
Restricted Stock Unit
2022-03-29−2,132→ 2,132 total→ Common Stock (2,132 underlying) - Award
Restricted Stock Unit
2022-03-29+9,780→ 9,780 total→ Common Stock (9,780 underlying)
Footnotes (7)
- [F1]On March 29, 2022, 9,937 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, 2018.
- [F4]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.
- [F5]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.
- [F6]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.
- [F7]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, 2022.