Todd S. Nelson - Jan 26, 2024 Form 4 Insider Report for PERDOCEO EDUCATION Corp (PRDO)

Role: President and CEO, Director
Signature: Todd S. Nelson by POA: Jeff Wigfield
Stock symbol: PRDO
Transactions as of: Jan 26, 2024
Transactions value $: -$150,400
Form type: 4
Date filed: 1/30/2024, 04:33 PM
Previous filing: Jan 25, 2024
Next filing: Feb 5, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRDO	Common Stock	Options Exercise	$221K	+16K	+2.34%	$13.80	701K	Jan 26, 2024	Direct
transaction	PRDO	Common Stock	Sale	-$296K	-16K	-2.28%	$18.50	685K	Jan 26, 2024	Direct
transaction	PRDO	Common Stock	Options Exercise	$221K	+16K	+2.34%	$13.80	701K	Jan 29, 2024	Direct
transaction	PRDO	Common Stock	Sale	-$296K	-16K	-2.28%	$18.50	685K	Jan 29, 2024	Direct	F1

Showing 1 to 4 of 4 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PRDO	Non-Qualified Option (right to buy)	Options Exercise	$0	-16K	-22.87%	$0.00	54K	Jan 26, 2024	Common Stock	16K	$13.80	Direct	F2
transaction	PRDO	Non-Qualified Option (right to buy)	Options Exercise	$0	-16K	-29.65%	$0.00	38K	Jan 29, 2024	Common Stock	16K	$13.80	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Includes 493,852 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock.
F2	On March 6, 2018 the Reporting Person was granted 133,972 non-qualified stock options. The option grant vested in four installments on March 14, 2019, 2020, 2021 and 2022.