JEFFREY R. TARR - 11 Mar 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role: Chief Executive Officer, Director
Signature: /s/ Sarah Hilty, as attorney-in-fact for Jeffrey R. Tarr
Issuer symbol: SKIL
Transactions as of: 11 Mar 2022
Transactions value $: -$308,922
Form type: 4
Filing time: 14 Mar 2022, 18:49:19 UTC
Previous filing: 02 Feb 2022
Next filing: 03 Jun 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	+167K	+83.75%	$0.00	366K	11 Mar 2022	Direct
transaction	SKIL	Class A common stock	Tax liability	-$309K	-51.3K	-14.03%	$6.02^*	314K	11 Mar 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	-167K	-10%	$0.00	1.5M	11 Mar 2022	Class A common stock	167K		Direct	F2, F3

* 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, par value $0.0001 per share, of the Issuer.
F3	On June 11, 2021, the reporting person was granted 2,000,000 restricted stock units, vesting in twelve equal quarterly installments beginning September 11, 2021.