Stride (NYSE: LRN) investor plans multimillion share sale by 2026
Rhea-AI Filing Summary
Stride, Inc. (LRN) received a notice under Rule 144 that James Jeaho Rhyu plans to sell 30,000 shares of its common stock through Morgan Stanley Smith Barney LLC. The planned sale has an aggregate market value of $2,530,521.00, with Stride reporting 41,559,845 shares outstanding. The shares to be sold are Performance Shares acquired from the issuer on 09/26/2024, with an approximate sale date of 08/18/2026 on the NYSE.
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Key Figures
Shares to be sold: 30,000 shares
Aggregate market value: $2,530,521.00
Shares outstanding: 41,559,845 shares
+2 more
5 metrics
Shares to be sold
30,000 shares
Planned sale of common stock under Rule 144
Aggregate market value
$2,530,521.00
Aggregate market value of the 30,000 shares to be sold
Shares outstanding
41,559,845 shares
Shares outstanding for Stride, Inc. referenced in the notice
Approximate sale date
08/18/2026
Approximate date the seller plans to begin sales on NYSE
Acquisition date of shares
09/26/2024
Date the Performance Shares were acquired from the issuer
Key Terms
Rule 144, Performance Shares, aggregate market value
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
aggregate market value financial
"30000 | 2530521.00 | 41559845"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
What does the Form 144 filing mean for Stride, Inc. (LRN)?
The filing states that James Jeaho Rhyu intends to sell 30,000 shares of Stride, Inc. common stock under Rule 144. It is an advance notice of a potential sale, not a confirmation that the sale has already occurred.
AI-generated analysis. How Rhea-AI works. Not financial advice.