Stride (LRN) CFO Donna Blackman Receives Restricted Stock Award

What Happened

• Donna Blackman, Chief Financial Officer of Stride, Inc. (LRN), received equity awards on August 7, 2026. The filing reports a grant of 24,239 restricted shares (award code A) and 4,545 restricted stock rights (derivative award, code A). Both awards were issued at $0.00 (no purchase price).
• The 4,545 item is a contingent restricted stock right that may convert to common shares only if certain stock-price performance goals are met (threshold amount reported). Together the reported amounts total 28,784 units, though the 4,545 are performance-contingent.

Key Details

• Transaction date: August 7, 2026; Form 4 amendment filed August 27, 2026 to correct a computational error in the number of shares.
• Price: $0.00 per share (grant).
• Vesting: Restricted shares vest semi‑annually with 20% vesting in year 1 and 40% in each of years 2 and 3 (footnote F1). The restricted stock rights vest only if specified compound annual growth rates in Stride’s share price are achieved through Sept 15, 2029 (footnote F2); the filing reports the threshold payout level.
• Shares owned after transaction: The amendment states the amount reported reflects beneficial ownership as of the date of the filing; the Form 4 does not disclose a separate total beneficial-ownership number beyond the awards reported.
• Filing: This is an amended Form 4 filed to correct the number of shares in the original filing.

Context

• These awards are grants (not purchases or sales) and are typical long-term compensation. The 24,239 restricted shares will vest over time per the schedule, while the 4,545 restricted stock rights are performance-contingent and may never convert if targets aren’t met.
• Grants at $0.00 do not reflect an immediate cash outlay by the insider and are not a liquidity event; they are compensation tied to retention and performance.