Scholastic (SCHL) EVP Quinton Sasha Exercises Options, Sells 22,151 Shares

What Happened

• Quinton Sasha, Executive Vice President and President, Children’s Book Group at Scholastic (SCHL), exercised options and sold the resulting 22,151 shares on August 7, 2026. The options were exercised at $20.63 per share (cost $456,975). The shares were sold the same day in the open market at $42.00 per share for total proceeds of $930,342. The filing also shows the related derivative position was converted/removed in connection with the exercise.

Key Details

• Transaction date: August 7, 2026
• Exercise: 22,151 shares @ $20.63 (total exercise cost $456,975)
• Sale: 22,151 shares @ $42.00 (total proceeds $930,342)
• Derivative entry: 22,151 derivative units reported disposed at $0 in connection with the exercise (conversion of options into shares)
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes: F1 indicates shares were sold to cover the exercise price and satisfy withholding taxes (cashless/tax withholding sale). F2 notes the options expire Sept 22, 2027 and vested ratably over three years beginning after Sep 22, 2020.
• Filing: Report filed Aug 10, 2026 (appears timely under the SEC’s two-business-day Form 4 rule)

Context

• This was a cashless-style transaction: Sasha exercised vested employee stock options and immediately sold the resulting shares—part of the shares were sold to cover the exercise cost and tax withholding, per the footnote. Such exercises followed by immediate sales are common for option-based compensation and are not, by themselves, a clear buy or sell signal about company prospects.