Stride (LRN) CFO Donna Blackman Receives Award; Shares Withheld for Taxes

What Happened

• Donna Blackman, Chief Financial Officer of Stride, received 77,380 shares as an award that vested on July 29, 2026 (acquired at $0.00 per share). Simultaneously, 38,188 shares were withheld by the issuer to satisfy the executive's tax withholding obligation; those withheld shares are reported as a disposition at $97.71 per share for a total withholding value of $3,731,349.
• This was a compensation-related vesting/award event (not an open-market sale or purchase). The withholding of shares to cover taxes is a routine administrative disposition.

Key Details

• Transaction date: July 29, 2026.
• Award/acquisition: 77,380 shares (price reported $0.00).
• Tax withholding/disposition: 38,188 shares at $97.71 each = $3,731,349.
• Footnotes: (F1) Award tied to Aug 18, 2023 grant and achievement of performance objectives. (F2) The 38,188 shares were withheld by the issuer to cover withholding tax based on the closing price on the vesting date (or prior market day if vesting fell on a non-trading day).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Reported on July 31, 2026 for a July 29, 2026 transaction — filed within the normal Form 4 reporting window (timely).

Context

• This was a vesting of restricted/performance-based shares, not an open-market purchase or a discretionary sale; the only reported disposition was the issuer withholding shares to pay taxes (a common administrative action that reduces net shares delivered to the executive).
• Such award vestings reflect compensation realization rather than a direct market-confidence signal; withholding to cover taxes is routine and should not be interpreted as an intentional "sell" for investment reasons.