Iole Lucchese - 01 Sep 2023 Form 4/A Insider Report for SCHOLASTIC CORP (SCHL)

Role: EVP & CHIEF STRATEGY OFFICER, Director
Signature: /s/ Iole Lucchese by Andrew S. Hedden, Esq., Attorney-in-Fact
Issuer symbol: SCHL
Transactions as of: 01 Sep 2023
Transactions value $: $25,822
Form type: 4/A
Filing time: 17 Jan 2024, 16:02:42 UTC
Date Of Original Report: 05 Sep 2023
Previous filing: 27 Sep 2022
Next filing: 17 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCHL	Common Stock	Options Exercise	$207K	+4.77K	+7.96%	$43.46	64.7K	01 Sep 2023	Direct	F1
transaction	SCHL	Common Stock	Tax liability	-$101K	-2.33K	-3.59%	$43.46	62.4K	01 Sep 2023	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	SCHL	Restricted Stock Units	Options Exercise	-$80.6K	-4.77K	-100%	$16.88	0	01 Sep 2023	Common Stock	4.77K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") acquired by the reporting person on 9/1/2020 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/1/2023, the first business day following expiration of the deferral period selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2020.

Content

Restricted stock units ("RSUs") acquired by the reporting person on 9/1/2020 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/1/2023, the first business day following expiration of the deferral period selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2020.