KAREN G. MILLS - 23 Jun 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Director
Signature
/s/ Sarah Hilty, as attorney-in-fact for Karen Mills
Issuer symbol
SKIL
Transactions as of
23 Jun 2022
Net transactions value
$0
Form type
4
Filing time
24 Jun 2022, 19:48:27 UTC
Previous filing
30 Dec 2021
Next filing
23 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SKIL Class A Common Stock 133,489 23 Jun 2022 By K&BM LP F1
holding SKIL Class A Common Stock 133,489 23 Jun 2022 By Mills Family I, LLC 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 -21,621 -100% $0.000000* 0 23 Jun 2022 Class A Common Stock 21,621 Direct F2, F3
transaction SKIL Phantom Stock Options Exercise $0 +21,621 $0.000000 21,621 23 Jun 2022 Class A Common Stock 21,621 Direct F4
transaction SKIL Restricted Stock Units Award $0 +35,398 $0.000000 35,398 23 Jun 2022 Class A Common Stock 35,398 Direct F2, F5
holding SKIL Warrants 122,268 23 Jun 2022 Class A Common Stock 122,268 $11.50 By K&BM LP F6
holding SKIL Warrants 122,268 23 Jun 2022 Class A Common Stock 122,268 $11.50 By Mills Family I, LLC F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares of Class A common stock received for no additional consideration in a pro-rata distribution in-kind by Churchill Sponsor II LLC ("Sponsor") on June 17, 2022 as disclosed by Sponsor on a Form 4 filed June 22, 2022, which was exempt from reporting pursuant to Rule 16a-9.
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 on the earlier of December 28, 2022 or the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
F4 Each share of phantom stock represents a contingent right to receive one share of Class A common stock of the Issuer and resulted from the deferral of vested restricted stock unit award shares.
F5 The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
F6 Consists of warrants to purchase an equal number of shares of Class A common stock received for no additional consideration in a pro-rata distribution in-kind by Sponsor on June 17, 2022 as disclosed by Sponsor on a Form 4 filed June 22, 2022, which was exempt from reporting pursuant to Rule 16a-9.