SEC Form 4 · accession 0000899243-18-028972

Pluralsight, Inc. · PS

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

Aaron Skonnard

Officer — Co-Founder, CEO & Chairman · Director · 10% Owner

Period of report

Nov 12, 2018

Accepted (ET)

Nov 14, 2018 · 9:48 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001725579

Table I — non-derivative securities

No Table I lines on this filing.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Share Units^F1	—	Nov 12, 2018	M	937,500	D	—	—	Class C Common Stock	937,500	2,062,500	D
Class C Common Stock^F2	—	Nov 12, 2018	M	937,500	A	—	—	Class A Common Stock	937,500	2,534,394	D
Class C Common Stock^F2	—	Nov 12, 2018	J	413,638	D	—	—	Class A Common Stock	413,638	2,120,756	D
Class C Common Stock^F4,F2	—	holding	—	—	—	—	—	Class A Common Stock	10,532,042	10,532,042	I
Class C Common Stock^F5,F2	—	holding	—	—	—	—	—	Class A Common Stock	410,121	410,121	I
Class C Common Stock^F6,F2	—	holding	—	—	—	—	—	Class A Common Stock	903,771	903,771	I
Class C Common Stock^F7,F2	—	holding	—	—	—	—	—	Class A Common Stock	605,310	605,310	I

Explanation of responses

F1Each Restricted Share Unit ("RSU"s) represents a contingent right to receive one share of the Issuer's Class C Common Stock and one limited liability company unit of Pluralsight Holdings, LLC. 25% of the RSUs vested on September 29, 2018 and an additional 6.25% vest each three months thereafter.
F2The shares of Class C Common Stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer ten-to-one voting rights on the holders thereof, and (iii) may only be issued, on a one-for-one basis, to the Reporting Person and his associated entities who held LLC Units. Each share of Class C Common Stock and corresponding LLC Unit is exchangeable for one share of Class A Common Stock at the option of the holder (for which the Issuer may substitute cash) and has no expiration date. The Class C Common Stock is also convertible into Class B Common Stock on a one-for-one basis at the Reporting Person's election.
F3The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of RSUs.
F4The shares are held of record by Skonnard Consulting, Inc. of which the Reporting Person is an owner.
F5The shares are held of record by the Skonnard Family GRAT 2018 of which the Reporting Person is a trustee.
F6The shares are held of record by the Skonnard Family GRAT 2021 of which the Reporting Person is a co-trustee.
F7The shares are held of record by the True Nord Trust, of which members of the Reporting Person's immediate family are beneficiaries.