Adtalem insider reports RSU grant and tax withholding activity

Rhea-AI Filing Summary

Adtalem Global Education (ATGE) reported an insider equity award and related tax withholding. On 11/12/2025, an officer (Pres. Walden University & CDO) acquired 5,575 restricted stock units (RSUs) of common stock (Code A) at a reported price of $96.86, raising beneficial ownership to 33,727 shares/direct. On 11/13/2025, 441 shares were withheld/disposed (Code F) at $96.26 to satisfy taxes upon vesting of prior RSUs, leaving 33,286 shares/direct.

The filing notes these RSUs convert one-for-one into common stock and vest in three equal installments beginning on November 12, 2026. This reflects routine equity compensation and tax settlement activity.

Insights

Equity compensation analyst

Routine Form 4: RSU grant and tax withholding; neutral impact.

ATGE disclosed an officer’s grant of 5,575 RSUs on 11/12/2025 (Code A) and a 441-share disposition on 11/13/2025 (Code F) tied to tax withholding on previously vesting awards. RSUs convert one-for-one into common stock and vest in three equal tranches beginning November 12, 2026.

Form 4 entries like these are standard for executive equity plans. The share counts and prices ($96.86 and $96.26) are disclosed, with beneficial ownership reported at 33,286 shares after the transactions.

Absent broader context, this filing is administrative. Actual impact depends on future vesting and any sales decisions by the holder.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Betz Michael

(Last) (First) (Middle)

233 S. WACKER DRIVE

SUITE 800

(Street)

CHICAGO 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Adtalem Global Education Inc. [ ATGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres. Walden University & CDO

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/12/2025		A		5,575(1)	A	$96.86	33,727	D
Common Stock	11/13/2025		F		441(2)	D	$96.26	33,286	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Consists of restricted stock units which convert into a share of common stock on a one-for-one basis. The restricted stock units vest in three equal installments beginning on November 12, 2026.

2. Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units.

	/s/ Lawrence C. Bachman, attorney-in-fact for Mr. Betz	11/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did ATGE report on Form 4?

An officer acquired 5,575 RSUs on 11/12/2025 and disposed of 441 shares on 11/13/2025 for tax withholding.

What were the prices associated with the ATGE transactions?

The RSU acquisition shows a price of $96.86 and the tax withholding disposition shows $96.26.

How many ATGE shares does the reporting person own after the transactions?

Beneficial ownership is reported as 33,286 shares, held directly.

When do the newly granted ATGE RSUs vest?

They vest in three equal installments beginning on November 12, 2026.

What do the transaction codes A and F mean on ATGE’s Form 4?

Code A indicates an award/acquisition (RSU grant); Code F indicates a disposition to satisfy tax withholding.

Who is the reporting person’s role at ATGE?

The filer is listed as an Officer: Pres. Walden University & Chief Digital Officer.