HOFFMAN EMILY 4

What Happened

• Emily Hoffman, a director of Barnes & Noble Education, received a grant of 23,867 restricted shares on 2026-03-11. The reported acquisition price is $0.00 (award), so no cash was paid. This transaction is an equity award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (appears timely).
• Shares granted: 23,867 restricted shares; reported acquisition price: $0.00; total cash value reported: $0.
• Vesting: per footnote, the restricted shares vest on the earlier of one year from the grant date or the issuer's next annual meeting of stockholders.
• Section 13(d) note: Hoffman is part of a Section 13(d) group that collectively owns over 10% of BNED; she disclaims beneficial ownership of shares held directly by other group members (see footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This is a compensatory equity award to a director (common form of director pay) rather than an open-market purchase; such grants align director interests with shareholders but do not necessarily indicate personal bullish trading.