Grand Canyon Education (LOPE) CFO receives 3,696-share restricted stock award

Rhea-AI Filing Summary

Grand Canyon Education's chief financial officer Daniel E. Bachus received a grant of 3,696 shares of common stock on January 28, 2026 at a price of $0 per share, reflecting a restricted stock award. After this grant, he beneficially owns 113,949 shares directly.

The restricted stock vests 20% on March 1, 2027 and 20% on each of the first four anniversaries of that date, creating a five-year vesting schedule tied to continued service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BACHUS DANIEL E

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,696	$0.00	--

Holdings After Transaction: Common Stock — 113,949 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^*

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)
01/28/2026

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(1)	01/28/2026		A		3,696	A	$0	113,949	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 vest 20% on March 1, 2027 (the "First Vesting Date") and 20% on each of the first four anniversaries of the First Vesting Date.

	/s/ Daniel E. Bachus, by Lyn Bickle, as Attorney-in-fact	01/30/2026
	** 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 LOPE disclose for CFO Daniel Bachus?

Grand Canyon Education reported that CFO Daniel E. Bachus received a grant of 3,696 shares of common stock. The shares were awarded at a price of $0 per share as restricted stock, increasing his directly held beneficial ownership to 113,949 shares after the transaction.

When did the latest LOPE insider stock grant to the CFO occur?

The grant to Grand Canyon Education’s CFO Daniel E. Bachus occurred on January 28, 2026. This transaction involved 3,696 shares of common stock, reported on Form 4, and reflects a restricted stock award rather than an open-market purchase or sale.

How many LOPE shares does CFO Daniel Bachus own after this Form 4?

Following the reported restricted stock grant, CFO Daniel E. Bachus beneficially owns 113,949 shares of Grand Canyon Education common stock. This total includes the newly awarded 3,696 shares, which are subject to a multi-year vesting schedule based on continued service.

What is the vesting schedule for the 3,696 LOPE restricted shares granted?

The 3,696 restricted shares vest 20% on March 1, 2027, called the First Vesting Date. An additional 20% vests on each of the first four anniversaries of that date, creating a five-tranche vesting structure tied to long-term retention of the CFO.

Was the LOPE insider transaction a purchase, sale, or award of stock?

The transaction was an award of restricted stock, coded as an acquisition (A) on Form 4. CFO Daniel E. Bachus received 3,696 shares at a price of $0 per share, indicating a compensatory equity grant rather than a market purchase or discretionary sale.