Goldthwaite Todd 4
Research Summary
AI-generated summary
Stride (LRN) Managing Director Todd Goldthwaite Sells Shares
What Happened
- Todd Goldthwaite, Managing Director at Stride, had a total of 186 shares disposed to cover tax withholding tied to the vesting of restricted shares. On Feb 8, 2026, 98 shares were withheld/sold at $87.83 ($8,607); on Feb 9, 2026, 88 shares were withheld/sold at $87.51 ($7,701). Total proceeds were about $16,308.
- This was not an open-market sell for cash or a purchase signal but the company withholding shares to satisfy the executive's tax obligation upon vesting (transaction code F — tax withholding).
Key Details
- Transaction dates and prices: Feb 8, 2026 — 98 shares @ $87.83; Feb 9, 2026 — 88 shares @ $87.51.
- Total shares withheld/sold: 186; approximate total proceeds: $16,308.
- Shares owned after transaction: not reported in the provided excerpt of the filing.
- Footnote: F1 — shares were withheld by the company upon vesting of restricted shares to cover withholding tax; withholding count is based on the closing price on the vesting date (or most recent prior market day).
- Filing timeliness: Form 4 filed Feb 10, 2026 for transactions on Feb 8–9, which is a timely filing under typical 2-business-day reporting rules.
Context
- This was a tax-withholding disposition (common when restricted stock vests) rather than a discretionary sale; such withholdings are routine and are done to satisfy tax obligations.
- For investors, purchases by insiders tend to be more informative than routine withholdings; this filing does not by itself indicate a change in the insider's view of the company.