Patrick Kolek - 18 Jul 2024 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
Director
Signature
/s/ Richard Walker, as attorney-in-fact for Patrick Kolek
Issuer symbol
SKIL
Transactions as of
18 Jul 2024
Net transactions value
$0
Form type
4
Filing time
22 Jul 2024, 19:23:12 UTC
Previous filing
24 Jul 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 Options Exercise $0 -3,750 -100% $0.000000* 0 18 Jul 2024 Class A Common Stock 3,750 Direct F1, F2, F3
transaction SKIL Phantom Stock Options Exercise $0 +3,750 $0.000000 3,750 18 Jul 2024 Class A Common Stock 3,750 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Patrick Kolek is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 All amounts of securities reported in this Form 4 reflect a 1-for-20 reverse stock split that became effective September 29, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3 The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
F4 Each share of phantom stock represents a contingent right to receive one share of Class A common stock of the Issuer and resulted from the deferral of vested restricted stock unit award shares.