Semel Scott 4

What Happened

• Semel Scott, Interim Chief Legal Officer & General Counsel of Skillsoft (SKIL), had 4,000 restricted stock units (RSUs) vest/convert into shares on 2026-03-01. The RSUs converted at $0.00 exercise price.
• To cover tax withholding, the issuer withheld 1,152 of those shares at $4.19 per share (total withheld ≈ $4,827). Net shares delivered to Scott were 2,848 (4,000 vested − 1,152 withheld). Based on the $4.19 figure in the filing, the gross value of the 4,000 vested shares is about $16,760.
• This was not an open-market sale or purchase by the insider but the routine vesting/settlement of equity awards.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-03 (filed within the typical 2-business-day window).
• Transactions reported: Exercise/conversion of derivative (RSU) — 4,000 shares acquired @ $0.00; Tax withholding — 1,152 shares withheld @ $4.19 (≈ $4,827).
• Net shares received: 2,848; shares owned after the transaction: not specified in the filing.
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU represents a contingent right to one Class A share; F3 = RSUs vest in six equal monthly installments beginning Dec 1, 2025, contingent on continued employment.
• This was a vesting/settlement event, not a market sale (transaction codes: M = exercise/conversion of derivative; F = tax withholding).

Context

• For retail investors: vesting and share-withholding for taxes are routine and don’t necessarily signal a change in the insider’s view of the company. This was effectively a cashless tax withholding on RSU settlement rather than an active sale or purchase in the market.
• Derivative explanation: RSUs convert to company shares when they vest; here 4,000 RSUs vested and converted into shares, with a portion withheld to pay taxes.