Blackman Donna 4
Research Summary
AI-generated summary
Stride (LRN) CFO Donna Blackman Sells Shares for Tax Withholding
What Happened
Donna Blackman, CFO of Stride, Inc. (LRN), had restricted shares withheld by the company to cover her tax withholding obligations upon vesting. Two withholding transactions occurred: 394 shares were withheld on 2026-02-08 at $87.83 for $34,605, and 1,109 shares were withheld on 2026-02-09 at $87.51 for $97,049, for a combined value of $131,654. These disposals are tax-withholdings (code F), not open-market sales or purchases.
Key Details
- Transaction dates and prices:
- 2026-02-08: 394 shares withheld @ $87.83 = $34,605
- 2026-02-09: 1,109 shares withheld @ $87.51 = $97,049
- Total shares withheld: 1,503; total value: $131,654.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: F1 indicates the company withheld shares upon vesting to satisfy withholding tax, using the closing stock price on the vesting date (or prior market day if a holiday/weekend).
- Filing date: 2026-02-10 — appears to be filed timely relative to the transaction dates.
Context
These transactions are routine tax-withholding events tied to restricted stock vesting (cashless withholding). They are different from an executive-initiated sale or a purchase and generally do not signal a change in the insider’s view of the company’s prospects.