[Form 4] LAUREATE EDUCATION, INC. Insider Trading Activity

Rhea-AI Filing Summary

Laureate Education director George Munoz reported a grant of 673 restricted stock units (RSUs) on 09/30/2025 as disclosed on a Form 4. The RSUs were granted in lieu of cash compensation and deferred under Laureate's directors deferral plan; they are fully vested on grant and will settle into shares of Laureate common stock in substantially equal annual installments on January 15, 2031, January 15, 2032, and January 14, 2033. The reported per-share price associated with the grant is $31.54. Following the transaction, the reporting person’s beneficial ownership is reported as 121,630 shares, held directly. The filing was signed by an attorney-in-fact on 10/02/2025.

Positive

• Director accepted equity (673 RSUs) instead of cash, aligning incentives with shareholders
• RSUs are fully vested at grant, providing immediate economic interest to the director
• Deferred settlement dates (Jan 15, 2031; Jan 15, 2032; Jan 14, 2033) promote long-term ownership

Negative

• Settlement in future years delays actual share issuance, which may postpone voting/dilution clarity
• Grant price shown ($31.54) could represent dilution risk when settled if share price differs materially

Insights

Corporate Governance Analyst

Director took equity compensation and deferred settlement into long-dated installments.

The grant of 673 RSUs in lieu of cash shows alignment of the reporting director's compensation with shareholder equity rather than immediate cash payout. The RSUs are fully vested at grant but are subject to deferred settlement, which pushes actual share delivery to 2031–2033, indicating the company and director prefer long-term ownership retention.

This structure preserves director voting and ownership figures today as reported (121,630 shares direct) while delaying dilution from settlement until the stated future 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).

1. Name and Address of Reporting Person^*

MUNOZ GEORGE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		A		673(1)	A	$31.54	121,630	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. Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock in substantially equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

	/s/ Leslie S. Brush, Attorney-in-Fact	10/02/2025
	** 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 transaction did George Munoz report on Form 4 for LAUR?

He reported a grant of 673 restricted stock units (RSUs) on 09/30/2025, granted in lieu of cash compensation.

When will the RSUs granted to the director settle into LAUR shares?

The deferred RSUs will settle in substantially equal annual installments on January 15, 2031, January 15, 2032, and January 14, 2033.

How many LAUR shares does the reporting person beneficially own after the reported transaction?

The Form 4 shows beneficial ownership of 121,630 shares, held directly.

What price was associated with the RSU grant on the Form 4?

The documented price for the reported transaction is $31.54 per share.

Are the RSUs vested or unvested at grant?

The filing states the deferred RSUs are fully vested upon grant.