ROYAL KEVIN 4
4 · Zovio Inc · Filed Mar 31, 2022
Insider Transaction Report
Form 4
Zovio IncZVO
ROYAL KEVIN
EVP, Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2022-03-29$0.84/sh−24,453$20,492→ 138,591 total - Exercise/Conversion
Restricted Stock Unit
2022-03-29−15,927→ 15,927 total→ Common Stock (15,927 underlying) - Exercise/Conversion
Common Stock
2022-03-29+59,668→ 163,044 total - Exercise/Conversion
Restricted Stock Unit
2022-03-29−23,407→ 23,406 total→ Common Stock (23,407 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-03-29−20,334→ 40,666 total→ Common Stock (20,334 underlying) - Award
Restricted Stock Unit
2022-03-29+70,220→ 70,220 total→ Common Stock (70,220 underlying)
Footnotes (6)
- [F1]On March 29, 2022, 59,668 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, 2019.
- [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, 2020.
- [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, 2021.
- [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, 2022.