Tax withholding share disposal by Grand Canyon (LOPE) CFO

Rhea-AI Filing Summary

Grand Canyon Education, Inc. Chief Financial Officer Daniel E. Bachus reported a tax-withholding share disposition related to restricted stock vesting. The filing shows 2,480 shares of common stock withheld at $159.07 per share on March 1, 2026, leaving him with 111,469 shares held directly.

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

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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^*

BACHUS DANIEL E

(Last) (First) (Middle)

2600 W. CAMELBACK ROAD

(Street)

PHOENIX AZ 85017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Grand Canyon Education, Inc. [ LOPE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		F		2,480(1)	D	$159.07	111,469	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. Represents withholding of shares to pay tax liability incident to the vesting of restricted stock.

	/s/ Daniel E. Bachus, by Lyn Bickle, as Attorney-in-fact	03/03/2026
	** 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).
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FAQ

What insider transaction did Grand Canyon Education (LOPE) report for its CFO?

Grand Canyon Education’s CFO, Daniel E. Bachus, reported a tax-related share disposition. On March 1, 2026, 2,480 shares of common stock were withheld to cover tax liabilities tied to vesting restricted stock, rather than being sold in an open market transaction.

How many Grand Canyon Education (LOPE) shares were disposed of in the CFO’s Form 4?

The Form 4 reports 2,480 shares of Grand Canyon Education common stock disposed of. These shares were withheld at $159.07 per share to satisfy tax obligations from restricted stock vesting, according to the filing’s transaction code F and accompanying footnote disclosure.

At what price were the Grand Canyon Education (LOPE) shares withheld for the CFO’s taxes?

The reported tax-withholding disposition used a price of $159.07 per share. This price applied to 2,480 Grand Canyon Education common shares that were withheld to cover the CFO’s tax liability stemming from the vesting of restricted stock awards on March 1, 2026.

How many Grand Canyon Education (LOPE) shares does the CFO hold after this Form 4 transaction?

After the reported transaction, CFO Daniel E. Bachus directly holds 111,469 Grand Canyon Education common shares. This post-transaction balance reflects the 2,480 shares withheld for taxes in connection with restricted stock vesting, as detailed in the Form 4 insider filing data.

What does transaction code F mean in Grand Canyon Education (LOPE) CFO’s Form 4?

Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, 2,480 shares were withheld to satisfy taxes due at the vesting of restricted stock, not sold through a discretionary open market transaction by the CFO.

Is the Grand Canyon Education (LOPE) CFO’s Form 4 a typical tax-withholding event?

The filing describes a tax-withholding disposition tied to restricted stock vesting, which is a common administrative mechanism. Shares were withheld to cover tax liabilities, and the CFO’s remaining direct holdings are reported as 111,469 shares of Grand Canyon Education common stock.