Semel John 4
4 · Zovio Inc · Filed Mar 31, 2022
Insider Transaction Report
Form 4
Zovio IncZVO
Semel John
EVP, Chief Strategy Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2022-03-29−13,333→ 13,333 total→ Common Stock (13,333 underlying) - Award
Restricted Stock Unit
2022-03-29+40,000→ 40,000 total→ Common Stock (40,000 underlying) - Tax Payment
Common Stock
2022-03-29$0.84/sh−13,728$11,504→ 39,206 total - Exercise/Conversion
Common Stock
2022-03-29+33,989→ 52,934 total - Exercise/Conversion
Restricted Stock Unit
2022-03-29−9,072→ 9,072 total→ Common Stock (9,072 underlying) - Exercise/Conversion
Restricted Stock
2022-03-29−11,584→ 23,166 total→ Common Stock (11,584 underlying)
Footnotes (6)
- [F1]On March 29, 2022, 33,989 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.