Scholastic (SCHL) EVP Sasha Quinton Exercises Options & Sells Shares

What Happened
Sasha Quinton, EVP and President of CBG at Scholastic, exercised a total of 28,037 employee stock options (20,488 on 2026-08-05 and 7,549 on 2026-08-06) at an exercise price of $20.63 per share (total exercise cost about $578,403). Quinton then sold all 28,037 shares in open-market transactions across 8/5–8/6 for total gross proceeds of approximately $1,200,251. Because the exercised shares were immediately sold to cover the exercise cost and withholding taxes, this is effectively a cashless exercise and routine disposition rather than a fresh purchase.

Key Details

• Transaction dates: 2026-08-05 (20,488 exercised & 20,488 sold) and 2026-08-06 (7,549 exercised; 5,139 and 2,410 sold).
• Exercise price paid: $20.63 per share (total ≈ $578,403).
• Sale prices (weighted averages reported):
  • 20,488 shares sold at $43.17 (range $43.060–$43.375) — proceeds ≈ $884,426. (F2)
  • 5,139 shares sold at $41.74 (range $41.00–$42.00) — proceeds ≈ $214,492. (F3)
  • 2,410 shares sold at $42.05 (range $42.010–$42.265) — proceeds ≈ $101,333. (F4)
• Total shares exercised and sold: 28,037; total gross sale proceeds ≈ $1,200,251.
• Footnotes: F1 notes shares were sold to cover exercise price and tax withholding (cashless exercise). F5 describes the option grant (expires 9/22/2027; vested ratably over three years starting 9/22/2021).
• Shares owned after the transactions: not specified in the excerpt of the Form 4 provided.
• Filing: Form 4 filed 2026-08-07 for transactions on 8/5–8/6 — appears to be filed within the normal SEC two-business-day window.

Context

• This was an option exercise followed by immediate sales (a cashless exercise). The derivative entries listed at $0 reflect the conversion/exercise of the options into common shares (technical reporting).
• Such sell-to-cover exercises are common for executives to satisfy option costs and tax obligations and do not necessarily indicate a view on company fundamentals.