Scholastic (SCHL) Director Andres A. Alonso Exercises Options, Sells 2,112 Shares

What Happened
Andres A. Alonso, a director of Scholastic Corp (SCHL), exercised 2,112 underlying option shares and sold the same 2,112 shares on August 26, 2026. The options were exercised at $38.56 per share (cost $81,439) and the shares were sold the same day in an open-market sale at $40.28 per share (proceeds $85,071). A derivative position for 2,112 shares was reported as disposed ($0), indicating the option was extinguished upon exercise.

Key Details

• Transaction date: 2026-08-26; Form filed 2026-08-27 (timely filing).
• Exercise (code M): 2,112 shares at $38.56 — total exercised cost $81,439.
• Sale (code S): 2,112 shares at $40.28 — total proceeds $85,071.
• Net difference between sale proceeds and exercise cost: approximately $3,632 (before fees/taxes).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• No footnotes or 10b5-1 plan, tax-withholding, or late-filing indicators were reported in the provided data.
• Transaction codes: M = option exercise/conversion; S = open-market sale.

Context
This was effectively a cashless exercise with an immediate sale: Alonso exercised options and sold the resulting shares the same day. Such transactions commonly reflect option exercises rather than a directional investment view; they realize option value and do not necessarily indicate a change in the insider’s long-term outlook.