RICHARD WALKER - 11 Jun 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Chief Strategy and Corporate Development Officer and President, SumTotal
Signature
/s/ Sarah Hilty, as attorney-in-fact for Richard Walker
Issuer symbol
SKIL
Transactions as of
11 Jun 2022
Transactions value $
-$70,559
Form type
4
Filing time
14 Jun 2022, 20:13:14 UTC
Previous filing
03 Jun 2022
Next filing
20 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 +24,250 $0 24,250 11 Jun 2022 Direct
transaction SKIL Class A Common Stock Tax liability -$34,829 -7,008 -28.9% $4.97* 17,242 11 Jun 2022 Direct F1
transaction SKIL Class A Common Stock Award $0 +24,876 +1.44% $0 42,118 12 Jun 2022 Direct F2
transaction SKIL Class A Common Stock Tax liability -$35,729 -7,189 -17.07% $4.97* 34,929 12 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 -24,250 -25% $0 72,750 11 Jun 2022 Class A Common Stock 24,250 Direct F3, 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 Represents shares issued upon the vesting of a performance-based restricted stock unit.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F4 The restricted stock units vest in four equal annual installments beginning June 11, 2022.

Remarks:

Chief Strategy and Corporate Development Officer and President, SumTotal