Vincent Mathis - 05 Aug 2021 Form 4 Insider Report for Stride, Inc. (LRN)

Role: EVP, General Counsel
Signature: /s/ John C. Grothaus, attorney-in-fact
Issuer symbol: LRN
Transactions as of: 05 Aug 2021
Net transactions value: -$54,026
Form type: 4
Filing time: 09 Aug 2021, 19:05:15 UTC
Next filing: 08 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRN	Common Stock	Award	$0	+11,804	+46%	$0.000000	37,514	05 Aug 2021	Direct	F1
transaction	LRN	Common Stock	Tax liability	$54,026	-1,776	-4.7%	$30.42	35,738	05 Aug 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Acquisition is in connection with the August 12, 2020 award and achievement of performance objectives. These shares are restricted, with one-third vesting immediately and the remaining two-thirds vesting in equal annual installments over the next two years.
F2	Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.

Content

Acquisition is in connection with the August 12, 2020 award and achievement of performance objectives. These shares are restricted, with one-third vesting immediately and the remaining two-thirds vesting in equal annual installments over the next two years.

Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.