Zachary Sims - 16 Sep 2022 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role: GM TECH & DEV, CEO CODECADEMY
Signature: /s/ Sarah A. Mussetter, as attorney-in-fact for Zachary Sims
Issuer symbol: SKIL
Transactions as of: 16 Sep 2022
Transactions value $: $0
Form type: 4
Filing time: 19 Sep 2022, 18:19:12 UTC
Previous filing: 06 Sep 2022
Next filing: 03 Oct 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	Award		+3.9K	+0.1%		3.86M	16 Sep 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Merger Agreement, dated as of December 22, 2021, by and among the Issuer, Ryzac, Inc. ("Codecademy") and certain other parties thereto (the "Merger Agreement"), shares of Codecademy common stock held by the Reporting Person were converted into shares of Class A Common Stock of the Issuer. Represents additional shares issued pursuant to a purchase price adjustment provision of the Merger Agreement.

Content

Pursuant to the Merger Agreement, dated as of December 22, 2021, by and among the Issuer, Ryzac, Inc. ("Codecademy") and certain other parties thereto (the "Merger Agreement"), shares of Codecademy common stock held by the Reporting Person were converted into shares of Class A Common Stock of the Issuer. Represents additional shares issued pursuant to a purchase price adjustment provision of the Merger Agreement.