RICHARD WALKER - 01 May 2023 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Carrie Etherton, Attorney-in-Fact for Richard Walker
Issuer symbol
SKIL
Transactions as of
01 May 2023
Transactions value $
$0
Form type
4
Filing time
03 May 2023, 17:57:34 UTC
Previous filing
18 Apr 2023
Next filing
02 Jun 2023
SEC
View on sec.gov

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 Disposed to Issuer $0 -97K -100% $0.00* 0 01 May 2023 Class A Common Stock 97K Direct F1
transaction SKIL Restricted Stock Units Award +72.8K 72.8K 01 May 2023 Class A Common Stock 72.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were canceled by mutual agreement of the reporting person and the Issuer. The reporting person received replacement RSUs, relating to 72,750 shares of Class A common stock (75% of the original RSU grant), as consideration for the cancellation. The original RSUs were disclosed in a Form 4 filed on June 14, 2021 and were scheduled to vest in four equal annual installments if the closing price of a share of Class A common stock, as reported on the New York Stock Exchange, equaled or exceeded $12.50 on at least 20 out of 30 consecutive trading days prior to June 11, 2025.
F2 Each RSU represents a contingent right to receive one share of Class A common stock of the Issuer. These RSUs replace RSUs previously granted to recipient on June 11, 2021.
F3 The RSUs vest in two equal annual installments beginning May 1, 2024.