HERRAIZ LIZETTE BENEDI 4

What Happened

• Lizette Herraiz, General Counsel of Strategic Education, sold 2,982 shares on March 18, 2026. The shares were disposed in open-market transactions for a total reported value of $238,202 (weighted average price $79.88). This was a sale (routine disposition), not a purchase.

Key Details

• Transaction date: March 18, 2026; Form 4 filed: March 20, 2026.
• Price range: $79.36 to $80.30; weighted average price reported $79.88.
• Total shares sold: 2,982; total proceeds reported: $238,202.
• Shares owned after the transaction: not specified in the filing. The filing notes 605 shares are held via the company 401(k) and Employee Stock Purchase Plan.
• Footnotes: (1) Sales were effected under a Rule 10b5-1 trading plan adopted Dec 12, 2025. (2) Price range/weighted average explanation; reporting person can provide details on the number sold at each price on request. (3) 605 shares included from 401(k)/ESPP.
• Filing timeliness: Form 4 was filed two days after the transaction; no late filing flag noted.

Context

• Because the sale was executed under a pre-established 10b5-1 plan, it generally indicates these trades were prearranged rather than a contemporaneous personal decision; this is common for executives and does not by itself signal a change in view about the company.