Marsh Dilek 4

What Happened
Marsh Dilek, Chief Technology Officer of Grand Canyon Education, Inc. (LOPE), was granted 2,859 restricted shares on January 28, 2026. The shares were reported as acquired at $0.00 (a grant/award), so the filing shows no cash paid for the award. This is a grant of restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-28; filing date: 2026-01-30 (filed timely).
• Transaction type/code: Award/Grant (Code A).
• Shares granted: 2,859; reported acquisition price: $0.00 (no cash paid).
• Amount/ownership after transaction: Not specified in the provided filing.
• Footnote: Vests 20% on March 1, 2027 (First Vesting Date) and 20% on each of the first four anniversaries thereafter (fully vests over five installments).
• No indication of a 10b5-1 plan, tax withholding, or immediate sale in the filing.

Context
Restricted stock grants are compensation, typically intended to retain executives; they vest over time and do not represent an immediate market purchase or sale. Such awards are common and should be viewed as compensation-related rather than a direct bullish or bearish signal about the stock.