CIO of Grand Canyon Education (LOPE) has 1,664 shares withheld for taxes

Rhea-AI Filing Summary

Grand Canyon Education, Inc. chief information officer Dilek Marsh reported a tax-related share disposition. On the vesting of restricted stock, 1,664 shares of common stock were withheld by the company to cover tax liabilities at an indicated price of $159.07 per share. After this withholding, Marsh directly holds 23,263 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Marsh Dilek

Role CHIEF INFORMATION OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,664	$159.07	$265K

Holdings After Transaction: Common Stock — 23,263 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^*

Marsh Dilek

(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 INFORMATION 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		1,664(1)	D	$159.07	23,263	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/ Dilek Marsh, 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).
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 did Grand Canyon Education (LOPE) report for Dilek Marsh?

Grand Canyon Education reported that CIO Dilek Marsh had 1,664 common shares withheld to satisfy tax liabilities from restricted stock vesting. This was a tax-withholding disposition, not an open-market buy or sell transaction.

How many Grand Canyon Education (LOPE) shares were involved in Dilek Marsh’s Form 4 filing?

The Form 4 shows 1,664 common shares were disposed of through withholding to cover taxes on restricted stock vesting. Following this transaction, Marsh’s direct ownership stands at 23,263 common shares of Grand Canyon Education.

Was Dilek Marsh’s Grand Canyon Education (LOPE) transaction an open-market sale?

No, the transaction was not an open-market sale. The 1,664 Grand Canyon Education shares were withheld by the company to pay tax liabilities associated with vesting restricted stock, as described in the Form 4 footnote.

What price per share was used in Dilek Marsh’s Grand Canyon Education (LOPE) tax withholding?

The Form 4 lists an indicated price of $159.07 per share for the 1,664 Grand Canyon Education common shares withheld to satisfy tax obligations triggered by restricted stock vesting.

How many Grand Canyon Education (LOPE) shares does Dilek Marsh own after the transaction?

After the tax-withholding disposition, Dilek Marsh directly owns 23,263 Grand Canyon Education common shares. This figure reflects her holdings following the withholding of 1,664 shares for tax purposes tied to restricted stock vesting.

What does transaction code “F” mean in the Grand Canyon Education (LOPE) Form 4?

Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, 1,664 Grand Canyon Education shares were withheld to pay taxes on restricted stock vesting, rather than being sold on the market.