SEC Form 4 · accession 0001179110-18-010258
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Chavous
Officer — President, Academics, Policy
Period of report
Aug 1, 2018
Accepted (ET)
Aug 3, 2018 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 1, 2018 | D | 906 | $0.00 | D | 58,608 | D | |
| Common Stock | Aug 1, 2018 | F | 2,439 | $16.39 | D | 56,169 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 4, 2017, the reporting person was granted an award of restricted shares that vest in the form of common stock based upon the Company's performance against certain strategic goals. On August 1, 2018, the Compensation Committee of the Company's Board of Directors determined that the strategic objective goals had been met at 95% of the target level, resulting in the vesting of these shares.
- F2Represents the number of shares withheld by the Company upon the vesting of restricted shares to cover the executive's withholding tax on income associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of K12 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 K12 common stock on the most recent prior market day.