[Form 4] Adtalem Global Education Inc. Insider Trading Activity

Adtalem Global Education (ATGE) reported a routine insider transaction on a Form 4.

Rhea-AI Filing Summary

Adtalem Global Education (ATGE) reported a routine insider transaction on a Form 4. The Chairman & CEO executed a Code F transaction, withholding 9,204 shares of common stock at $96.26 to satisfy taxes upon the vesting of previously awarded RSUs on 11/13/2025.

Following this tax withholding, the officer now beneficially owns 450,530 shares, held directly. The filing notes the activity was tied to RSU vesting and reflects non-open-market share withholding to cover tax obligations.

Insider Trade Summary

Exercise Price or Tax Liability: 9,204 shares

Exercise Price or Tax Liability 1 txn

Insider Beard, Stephen W.

Role Chairman & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	9,204	$96.26	$886K

Holdings After Transaction: Common Stock — 450,530 shares (Direct)

Footnotes (1)

1. F1. Represents the satisfaction of tax withholding obligations upon the vesting of previously awarded restricted stock units.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Adtalem (ATGE) disclose in this Form 4?

A Code F transaction for tax withholding on RSU vesting, involving 9,204 shares at $96.26 on 11/13/2025.

Who is the reporting person in the ATGE filing?

The Chairman & CEO (Mr. Beard), reporting as an officer of Adtalem Global Education.

How many shares does the officer own after the transaction?

He beneficially owns 450,530 shares, held directly.

What does transaction code F mean in this context?

It indicates shares were withheld to satisfy tax obligations upon RSU vesting.

Was this an open-market sale of ATGE shares?

No. It was a share withholding to cover taxes related to RSU vesting, not an open-market trade.

What security was involved in the transaction?

Common Stock of Adtalem Global Education Inc. (ATGE).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/14/2025 - 04:11 PM Learn about SEC filing dates

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^*

Beard, Stephen W.

(Last) (First) (Middle)

233 S. WACKER DRIVE

SUITE 800

(Street)

CHICAGO IL 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)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		F		9,204(1)	D	$96.26	450,530	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. 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. Beard	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.