Semel Scott 4

What Happened
Semel Scott, Skillsoft's (SKIL) Interim Chief Legal Officer & General Counsel, had 4,000 restricted stock units (RSUs) convert to Class A common shares on Feb 1, 2026 (reported as derivative exercise). To satisfy tax withholding, 1,386 shares were withheld by the issuer at $9.05 per share, a withholding value of $12,543. The filing was submitted Feb 2, 2026 covering the Feb 1, 2026 vest/conversion.

Key Details

• Transaction dates: Feb 1, 2026 (reported on Form 4 filed Feb 2, 2026).
• Reported actions and amounts:
  • Exercise/conversion of derivative (code M): 4,000 shares acquired @ $0.00 (conversion of RSUs).
  • Payment of tax withholding (code F): 1,386 shares disposed @ $9.05 to satisfy tax liability (value $12,543).
  • Another derivative line shows 4,000 shares reported as disposed (reported as derivative-related on the Form).
• Footnotes:
  • F1: Issuer withheld shares to satisfy tax obligations.
  • F2: Each RSU is a contingent right to one share of Class A common stock.
  • F3: These RSUs vest in six equal monthly installments beginning Dec 1, 2025, subject to continued employment.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Timeliness: Filing date is one day after the transaction date; appears timely (no late filing flag indicated).

Context
This appears to be a routine vesting/conversion of RSUs rather than an open-market purchase or sale. The $0.00 exercise price indicates conversion of awarded RSUs into shares (no cash exercise). The only shares effectively removed from Scott's holding were those withheld by the company to pay taxes—common practice on RSU vesting—and do not necessarily signal a buy/sell trading intent.