SEC Form 4 · accession 0001179110-18-011565
Stride, Inc. · LRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Nathaniel A Davis
Officer — Chairman and CEO · Director
Period of report
Sep 18, 2018
Accepted (ET)
Sep 19, 2018 · 5:13 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 Stock | Sep 18, 2018 | A | 115,674 | $0.00 | A | 717,874 | D | |
| Common Stock | holding | — | — | — | 382,349 | I | Nathaniel A Davis Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock RightF2 | — | Sep 18, 2018 | A | 38,254 | A | — | Aug 30, 2021 | Common Stock | 38,254 | 38,254 | D |
| Restricted Stock RightF3 | — | Sep 18, 2018 | A | 413,331 | A | — | Aug 30, 2021 | Common Stock | 413,331 | 413,331 | D |
| Restricted Stock RightF4 | — | Sep 18, 2018 | A | 528,571 | A | — | Aug 30, 2021 | Common Stock | 528,571 | 528,571 | D |
| Restricted Stock RightF5 | — | Sep 18, 2018 | A | 596,022 | A | — | Aug 30, 2021 | Common Stock | 596,022 | 596,022 | D |
| Restricted Stock RightF6 | — | Sep 18, 2018 | A | 724,185 | A | — | Aug 30, 2021 | Common Stock | 724,185 | 724,185 | D |
| Restricted Stock RightF7 | — | Sep 18, 2018 | A | 727,673 | A | — | Aug 30, 2021 | Common Stock | 727,673 | 727,673 | D |
| Restricted Stock RightF8 | — | Sep 18, 2018 | A | 848,857 | A | — | Aug 30, 2021 | Common Stock | 848,857 | 848,857 | D |
| Restricted Stock RightF9 | — | Sep 18, 2018 | A | 939,858 | A | — | Aug 30, 2021 | Common Stock | 939,858 | 939,858 | D |
Explanation of responses
- F1These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.
- F2Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $21.18 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F3Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $22.63 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F4Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $25.86 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F5Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $29.38 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F6Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $33.21 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F7Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $37.35 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F8Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $46.65 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.
- F9Each restricted stock right represents a contingent right to receive one share of K12 common stock. The restricted stock right vests upon K12's common stock achieving an average stock price that equals or exceeds $57.38 per share based on the average 30-calendar day closing stock price subsequent to seven days after the FY 2021 year end earnings release.