Grand Canyon Education director granted 498 LOPE shares

Ward Sara reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ward Sara reported acquisition or exercise transactions in this Form 4 filing.

Grand Canyon Education, Inc. director Sara Ward received a grant of 498 shares of common stock as a stock award, with no cash paid per share. After this grant, she directly holds 6,155 shares. The restricted stock vests on the earlier of June 9, 2027 or immediately before the 2027 annual stockholders' meeting.

Insider Trade Summary

Grant/Award: 498 shares

Grant/Award 1 txn

Insider Ward Sara

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	498	$0.00	$0.00

Holdings After Transaction: Common Stock — 6,155 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of restricted stock that vests on the earlier of June 9, 2027 or immediately prior to the 2027 annual stockholders' meeting.

Key Figures

Restricted stock grant: 498 shares Post-grant holdings: 6,155 shares Grant price: $0.00 per share +1 more

4 metrics

Restricted stock grant 498 shares Common Stock award to director on June 10, 2026

Post-grant holdings 6,155 shares Total directly held shares after transaction

Grant price $0.00 per share Reported transaction price for restricted stock

Vesting date June 9, 2027 Vests then or immediately prior to 2027 annual meeting

Key Terms

restricted stock, vests, annual stockholders' meeting, Grant, award, or other acquisition

4 terms

restricted stock financial

"Represents a grant of restricted stock that vests on the earlier of June 9, 2027"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vests financial

"restricted stock that vests on the earlier of June 9, 2027 or immediately prior"

annual stockholders' meeting regulatory

"on the earlier of June 9, 2027 or immediately prior to the 2027 annual stockholders' meeting"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Sara Ward report at Grand Canyon Education (LOPE)?

Sara Ward reported receiving 498 shares of Grand Canyon Education common stock as a stock grant. This is a compensation-related award, not an open-market purchase or sale, and increased her directly held position to 6,155 shares following the transaction.

When do Sara Ward’s newly granted LOPE restricted shares vest?

The 498 restricted shares vest on the earlier of June 9, 2027 or immediately before the 2027 annual stockholders’ meeting. This time-based vesting schedule aligns the award with her continued board service over the coming years.

Did Sara Ward buy or sell LOPE shares in the market in this Form 4?

No market buy or sale occurred in this Form 4. Sara Ward received 498 shares as a grant at a stated price of $0.00 per share, which reflects a compensation award rather than an open-market transaction or discretionary trading activity.

How many Grand Canyon Education shares does Sara Ward hold after this grant?

After the stock grant, Sara Ward directly holds 6,155 shares of Grand Canyon Education common stock. This figure includes the 498 newly granted restricted shares and represents her total direct ownership reported following the June 10, 2026 transaction date.

What type of equity award did Sara Ward receive from Grand Canyon Education?

She received a grant of restricted stock covering 498 common shares. These shares vest over time, with vesting scheduled for the earlier of June 9, 2027 or just before the 2027 annual stockholders’ meeting, tying the award to ongoing board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:15 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).

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^*

Ward Sara

(Last) (First) (Middle)

2600 W. CAMELBACK ROAD

(Street)

PHOENIX ARIZONA 85017

(City) (State) (Zip)

UNITED STATES

(Country)

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

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)
06/10/2026

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(1)	06/10/2026		A		498	A	$0	6,155	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 a grant of restricted stock that vests on the earlier of June 9, 2027 or immediately prior to the 2027 annual stockholders' meeting.

	/s/ Sara Ward, by Lyn Bickle, as Attorney-in-fact	06/11/2026
	** 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)