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

Rhea-AI Filing Summary

LAUREATE EDUCATION, INC. director George Munoz reported receiving an equity award tied to his board compensation. On this Form 4, he acquired 585 shares of common stock at $36.32 per share through a grant of restricted stock units (RSUs) taken in lieu of cash fees under Laureate’s directors deferral plan. The RSUs are fully vested upon grant but are deferred and will settle in shares of Laureate common stock in three equal annual installments on January 15, 2031, January 15, 2032, and January 14, 2033. Following this grant, Munoz directly holds 122,563 shares of Laureate common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MUNOZ GEORGE

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	585	$36.32	$21K

Holdings After Transaction: Common Stock — 122,563 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 585 shares Grant price: $36.32 per share Post-transaction holdings: 122,563 shares +3 more

6 metrics

RSU grant size 585 shares Restricted stock units granted in lieu of cash compensation

Grant price $36.32 per share Reported value per share for the RSU-related acquisition

Post-transaction holdings 122,563 shares Total direct Laureate common stock held after the grant

First settlement date January 15, 2031 First of three equal annual RSU settlement installments

Second settlement date January 15, 2032 Second of three equal annual RSU settlement installments

Final settlement date January 14, 2033 Final RSU settlement installment into Laureate common stock

Key Terms

restricted stock units ("RSUs"), directors deferral plan, fully vested upon grant, equal annual installments

4 terms

restricted stock units ("RSUs") financial

"Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

directors deferral plan financial

"to defer such RSUs pursuant to Laureate's directors deferral plan"

fully vested upon grant financial

"The deferred RSUs, which are fully vested upon grant, will settle in shares"

equal annual installments financial

"will settle in shares of Laureate common stock in equal annual installments"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:32 PM Accepted by SEC EDGAR 07/02/2026 - 04:30 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^*

MUNOZ GEORGE

(Last) (First) (Middle)

C/O LAUREATE EDUCATION, INC.

PMB 1158, 1000 BRICKELL AVE., SUITE 715

(Street)

MIAMI FLORIDA 33131

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		A		585(1)	A	$36.32	122,563	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 equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

	/s/ Jonathan I. Stempel, Attorney-in-Fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did George Munoz report at LAUR?

Director George Munoz reported an equity compensation transaction, receiving 585 shares through restricted stock units in lieu of cash fees. The RSUs are fully vested upon grant but deferred to settle in Laureate common stock between 2031 and 2033.

How many Laureate (LAUR) shares did George Munoz acquire in this Form 4?

George Munoz acquired 585 shares tied to restricted stock units. These units come from his election to receive stock instead of cash compensation under Laureate’s directors deferral plan and will convert into common shares in three future annual installments.

What price per share is reported for George Munoz’s RSU grant at Laureate (LAUR)?

The filing reports a value of $36.32 per share for the 585-share RSU grant. This figure reflects the price used to record the stock-based compensation issued in lieu of cash for Munoz’s director service at Laureate Education.

When will George Munoz’s deferred RSUs in Laureate (LAUR) settle into shares?

The deferred restricted stock units will settle in three equal annual installments. Settlement dates are scheduled for January 15, 2031, January 15, 2032, and January 14, 2033, at which times Laureate common stock will be delivered.

Are George Munoz’s Laureate (LAUR) RSUs vested or subject to future vesting?

The deferred RSUs are fully vested upon grant, according to the disclosure. Although fully vested now, they are subject to deferral rules and will be settled in Laureate common stock on the specified future installment dates, rather than immediately.

What are George Munoz’s total direct holdings in Laureate (LAUR) after this transaction?

After the reported RSU-related acquisition, George Munoz directly holds 122,563 shares of Laureate common stock. This updated figure reflects his ownership following the 585-share grant recorded in the Form 4 insider transaction report.