Iole Lucchese - 18 Apr 2024 Form 4 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
18 Apr 2024
Transactions value $
-$13,404,000
Form type
4
Filing time
19 Apr 2024, 16:02:34 UTC
Previous filing
17 Jan 2024
Next filing
25 Jul 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 Sale -$13.4M -400K -40.85% $33.51 579K 18 Apr 2024 Estate of M. Richard Robinson F1, F2, F3
holding SCHL Common Stock 72.6K 18 Apr 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 18, 2024, the Estate of M. Richard Robinson, Jr.. agreed to sell 400,000 shares of Common Stock, par value $.01 per share to the Issuer in a privately negotiated transaction for an aggregate cash amount of $13,402,584.
F2 Reported purchase price rounded up from $33.50646 per share.
F3 As previously disclosed, Ms. Lucchese is a preliminary executor of the Estate of M. Richard Robinson, Jr. These securities are held by the Estate of M. Richard Robinson, Jr. Ms. Lucchese disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.