Stride (LRN) CFO Donna Blackman Receives Restricted Stock; Tax Withholding

What Happened Donna Blackman, Chief Financial Officer of Stride, Inc. (LRN), received awards on August 7, 2026: 18,180 restricted shares (granted at $0.00) and 5,303 restricted stock rights (derivative/contingent award, reported at the threshold amount). To satisfy tax withholding tied to vesting, the company withheld 562 shares on August 8, 2026 and 1,806 shares on August 9, 2026 at $82.51 per share, totaling approximately $195,384 in withheld value. The withheld shares were reported as dispositions but represent tax withholding—not open-market sales.

Key Details

• Transaction dates: grants on 2026-08-07; withholding dispositions on 2026-08-08 (562 shares @ $82.51) and 2026-08-09 (1,806 shares @ $82.51). Total withheld value ≈ $195,384.
• Grant amounts: 18,180 restricted shares (award) and 5,303 restricted stock rights (derivative).
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes:
  • F1: Restricted shares vest semi‑annually: 20% in year one, then 40% in each of years two and three after grant.
  • F2: The disposed shares reflect issuer withholding to cover the executive’s tax withholding obligation upon vesting.
  • F3: The 5,303 restricted stock rights vest only if certain compound annual growth rates in Stride’s stock price are met through Sept 15, 2029 (amount reported is the threshold level).
• Filing timing: Form 4 filed on 2026-08-11 for transactions beginning 2026-08-07; this appears outside the typical two-business-day filing window and may be late.

Context

• The grants are awards, not open-market purchases; awards are compensation and do not necessarily signal a personal purchase intent. The withheld shares were used solely to meet tax obligations (a common administrative step) rather than a voluntary sale.
• The 5,303 restricted stock rights are performance‑based (contingent on future stock-price growth through 9/15/2029) and thus may never convert to shares unless performance targets are met.