Adtalem (ATGE) Form 4: Director Wardell reports 12,900-share sale

Rhea-AI Filing Summary

Adtalem Global Education Inc. (ATGE) director Lisa Wardell reported the sale of 12,900 shares of the company's common stock on 08/21/2025. The reported weighted average sales price was $132.9043, with the transaction executed in multiple trades at prices ranging from $132.34 to $133.41. After the reported sale, Ms. Wardell is shown as beneficially owning 92,477 shares.

The Form 4 identifies Ms. Wardell as a director and was filed as a single reporting person submission. The filing was signed on behalf of Ms. Wardell by attorney-in-fact Lawrence C. Bachman on 08/25/2025. The filer notes willingness to provide details of trade-by-trade quantities and prices upon request.

Positive

• Timely compliance with Section 16 reporting reflected by a filed Form 4
• Transparent pricing disclosure including weighted average price and execution range

Negative

• Insider sale of 12,900 shares by a director, reducing beneficial ownership to 92,477 shares
• No explanation provided in the filing for the reason behind the sale

Insights

Corporate Governance Expert

TL;DR: A director disposed of shares; filing documents the sale and remaining beneficial ownership.

The Form 4 discloses a director-level sale of 12,900 common shares at a weighted average price of $132.9043, executed across multiple trades between $132.34 and $133.41. The disclosure meets Section 16 reporting requirements and indicates continued beneficial ownership of 92,477 shares. From a governance perspective, the record shows compliance with reporting obligations and an attorney-in-fact signature, which is standard for delegated filings.

Securities Analyst

TL;DR: Insider sale recorded; the filing supplies trade price range and updated ownership count.

The entry provides specific transaction data: sale date 08/21/2025, weighted average price $132.9043, and execution price range $132.34–$133.41. The post-transaction beneficial holding is 92,477 shares. The reporting person offers to provide full trade-level details on request, which supports transparency. The Form 4 contains no derivative transactions or additional context on reason for sale.

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
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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^*

WARDELL LISA 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		S		12,900	D	$132.9043(1)	92,477	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. This transaction was executed in multiple trades at prices ranging from $132.34 to $133.41. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Lawrence C. Bachman, attorney-in-fact for Ms. Wardell	08/25/2025
	** 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 did Lisa Wardell report on the Form 4 for ATGE?

Ms. Wardell reported the sale of 12,900 common shares on 08/21/2025 at a weighted average price of $132.9043; post-transaction beneficial ownership is 92,477 shares.

What price range did the trades execute at for the ATGE Form 4 sale?

The filing states the trades executed at prices ranging from $132.34 to $133.41, with the reported weighted average of $132.9043.

Who filed and signed the Form 4 for ATGE on behalf of Lisa Wardell?

The Form 4 was signed by Lawrence C. Bachman, attorney-in-fact for Ms. Wardell, with the signature dated 08/25/2025.

Does the Form 4 show any derivative transactions by Lisa Wardell?

No. Table II for derivative securities is empty; the filing reports only a non-derivative sale of common stock.

Will detailed trade-level information be provided?

Yes. The reporting person states they will provide, upon request, full information regarding the number of shares and prices at which the transaction was effected.