Schmitt Peter 4

What Happened Peter Schmitt, a director of Skillsoft Corp. (SKIL), completed a derivative conversion on 2026-06-25 involving 12,430 shares. The Form 4 shows matching "acquired" and "disposed" entries at $0.00 for 12,430 shares, indicating a conversion/settlement event rather than a market purchase or sale. No cash was paid or received in the transaction.

Key Details

• Transaction date: 2026-06-25; Form 4 filed 2026-06-26 (timely filing).
• Reported entries: 12,430 shares Acquired (derivative) @ $0.00 and 12,430 shares Disposed (derivative) @ $0.00.
• Shares owned after transaction: not specified in the provided extract of the filing.
• Footnotes:
  • F1: Each restricted stock unit (RSU) equals a contingent right to one share of Class A common stock.
  • F2: These RSUs vest at the earlier of one year after grant or the issuer's next annual meeting, subject to continued service.
  • F3: The Reporting Person elected to defer settlement of vested RSUs; vested RSUs were converted into an equal number of shares of phantom stock (deferred settlement).

Context This was not an open-market purchase or sale but an internal conversion/deferral of vested RSUs into phantom stock, a routine administrative step that does not itself signal a change in market exposure like a buy or sell would. No immediate sale or cashless exercise occurred per the filing.