Vincent W. Mathis - 12 Aug 2022 Form 4 Insider Report for Stride, Inc. (LRN)

Role: EVP, GENERAL COUNSEL
Signature: /s/ John C. Grothaus, Attorney-in-fact
Issuer symbol: LRN
Transactions as of: 12 Aug 2022
Net transactions value: -$61,577
Form type: 4
Filing time: 16 Aug 2022, 17:06:32 UTC
Previous filing: 12 Aug 2022
Next filing: 18 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRN	Common Stock	Award	$0	+16,680	+44%	$0.000000	54,679	12 Aug 2022	Direct	F1
transaction	LRN	Common Stock	Tax liability	$19,239	-535	-0.98%	$35.96	54,144	12 Aug 2022	Direct	F2
transaction	LRN	Common Stock	Tax liability	$15,211	-423	-0.78%	$35.96	53,721	13 Aug 2022	Direct	F2
transaction	LRN	Common Stock	Tax liability	$27,127	-755	-1.4%	$35.93	52,966	15 Aug 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
F2	Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.

Content

These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.

Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.