ATGE Form 4: Lisa Wardell disposes 25,477 shares; 43,451 remain

Rhea-AI Filing Summary

Insider sale by Adtalem director Lisa Wardell: The filing shows that on 08/28/2025 Ms. Lisa Wardell, a director of Adtalem Global Education Inc. (ATGE), sold 25,477 shares of the company's common stock in multiple trades at prices ranging from $130.22 to $133.72. The form reports a weighted-average sales price of $132.3807. After the reported disposition, Ms. Wardell beneficially owned 43,451 shares, held directly. The Form 4 was signed by an attorney-in-fact, Lawrence C. Bachman, on 08/29/2025. The reporting checkbox indicates this filing was submitted by one reporting person and identifies Ms. Wardell as a director.

Insights

Corporate Governance Expert

TL;DR: A routine director sale of 25,477 shares was reported, leaving the director with 43,451 shares.

This Form 4 documents a straightforward sale by a company director executed in multiple trades with a disclosed weighted-average price. The filing is complete in that it provides transaction date, aggregate shares sold, average price, and post-transaction beneficial ownership. As a governance matter, timely disclosure and signature by an authorized attorney-in-fact meet Section 16 reporting expectations. The filing does not disclose any 10b5-1 plan checkbox or other explanatory arrangements.

Securities Analyst

TL;DR: Insider reduced direct holding via sale; transaction details and post-sale ownership are provided.

From an investor-information perspective, the form supplies key metrics: 25,477 shares sold on 08/28/2025 at a weighted-average price of $132.3807 and remaining direct beneficial ownership of 43,451 shares. The entry clarifies execution occurred across multiple trades with prices between $130.22 and $133.72. There is no derivative activity reported and no indication of coordinated group filings. The disclosure is informational but does not by itself indicate material corporate developments.

Insider Trade Summary

Net Seller: 25,477 shares ($3,372,663)

Net Sell 1 txn

Insider WARDELL LISA W

Role Director

Sold 25,477 shs ($3.37M)

Type	Security	Shares	Price	Value
Sale	Common Stock	25,477	$132.3807	$3.37M

Holdings After Transaction: Common Stock — 43,451 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

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)
08/28/2025

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	08/28/2025		S		25,477	D	$132.3807(1)	43,451	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 $130.22 to $133.72. 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	08/29/2025
	** 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 transaction was reported for Adtalem (ATGE)?

The Form 4 reports that director Lisa Wardell sold 25,477 shares of Adtalem common stock on 08/28/2025.

At what price were the shares sold in the ATGE Form 4?

The filing states a weighted-average sales price of $132.3807, with individual trade prices ranging from $130.22 to $133.72.

How many ATGE shares does Lisa Wardell own after the reported sale?

After the reported disposition Ms. Wardell beneficially owned 43,451 shares, held directly.

Was the Form 4 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person (the reporting person checkbox is marked).

Who signed the Form 4 for Lisa Wardell?

The Form 4 was signed by /s/ Lawrence C. Bachman, attorney-in-fact for Ms. Wardell on 08/29/2025.