Zachary Sims - 01 Jun 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role: GM Tech & Dev, CEO Codecademy
Signature: /s/ Sarah Hilty, as attorney-in-fact for Zachary Sims
Issuer symbol: SKIL
Transactions as of: 01 Jun 2022
Transactions value $: $-22,016
Form type: 4
Filing time: 03 Jun 2022, 18:41:12 UTC
Previous filing: 03 May 2022
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKIL	Class A Common Stock	Options Exercise	$0	+8,828	+0.23%	$0.000000	3,841,406	01 Jun 2022	Direct
transaction	SKIL	Class A Common Stock	Tax liability	$-22,016	-3,809	-0.1%	$5.78^*	3,837,597	01 Jun 2022	Direct	F1

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	SKIL	Restricted Stock Units	Options Exercise	$0	-8,828	-2.7%	$0.000000	317,832	01 Jun 2022	Class A Common Stock	8,828		Direct	F2, F3
transaction	SKIL	Restricted Stock Units	Award	$0	+380,068		$0.000000	380,068	03 Jun 2022	Class A Common Stock	380,068		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
F2	Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3	The restricted stock units vest in 38 equal monthly installments beginning May 1, 2022.
F4	The restricted stock units vest in four equal annual installments beginning June 1, 2023.