Laureate COO sells 7,300 shares under 10b5-1 plan

Laureate Education EVP & COO Marcelo Cardoso reported an open-market sale of 7,300 shares of common stock at $33.91 per share.

Rhea-AI Filing Summary

Laureate Education EVP & COO Marcelo Cardoso reported an open-market sale of 7,300 shares of common stock at $33.91 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 14, 2025, to cover taxes owed on performance share awards that vested on March 15, 2026. After the sale, he directly holds 335,930 shares, leaving his remaining stake much larger than the shares sold.

Insights

Equity compensation and governance analyst

Pre-planned, tax-related sale by Laureate’s COO appears routine in scale.

The filing shows EVP & Chief Operating Officer Marcelo Cardoso sold 7,300 shares of Laureate Education common stock at $33.91 per share. The sale was made under a Rule 10b5-1 trading plan adopted on May 14, 2025, indicating it was pre-scheduled rather than opportunistic.

The footnote explains the purpose was to cover taxes tied to performance share awards that vested on March 15, 2026. After this transaction, Cardoso still directly owns 335,930 shares, so the sale represents a relatively small portion of his position. This pattern is typical of executives using stock to satisfy tax obligations from equity compensation.

Insider Trade Summary 10b5-1

Net Seller: 7,300 shares

Net Sell 1 txn

Insider Cardoso Marcelo

Role EVP & CHIEF OPERATING OFFICER

Sold 7,300 shs ($248K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,300	$33.91	$248K

Holdings After Transaction: Common Stock — 335,930 shares (Direct)

Footnotes (1)

1. F1. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2025. The purpose of the sale is to cover taxes owed with respect to the vesting of performance share awards on March 15, 2026.

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Accepted by SEC EDGAR 03/17/2026 - 08:00 PM EDT 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).

X

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^*

Cardoso Marcelo

(Last) (First) (Middle)

C/O LAUREATE EDUCATION, INC.

PMB 1158, 1000 BRICKELL AVE., SUITE 715

(Street)

MIAMI FL 33131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LAUREATE EDUCATION, INC. [ LAUR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHIEF OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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	03/17/2026		S(1)		7,300	D	$33.91	335,930	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. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2025. The purpose of the sale is to cover taxes owed with respect to the vesting of performance share awards on March 15, 2026.

	/s/ Jonathan I. Stempel, Attorney-in-Fact	03/17/2026
	** 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.