ROYAL KEVIN 4
4 · Zovio Inc · Filed Jun 2, 2022
Insider Transaction Report
Form 4
Zovio IncZVO
ROYAL KEVIN
EVP, Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-05-31+10,020→ 148,611 total - Tax Payment
Common Stock
2022-05-31$0.79/sh−3,465$2,741→ 145,146 total - Exercise/Conversion
Restricted Stock Unit
2022-05-31−10,020→ 0 total→ Common Stock (10,020 underlying)
Footnotes (3)
- [F1]On May 31, 2022, 10,020 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 May 31, 2018.