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Stride (NYSE: LRN) investor plans multimillion share sale by 2026

(Neutral)
(Neutral)
Form Type
144

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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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
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.
Performance Shares financial
"Common | 09/26/2024 | Performance Shares | Issuer"
Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.
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.

How many Stride, Inc. (LRN) shares are planned to be sold and what is their value?

The notice covers a planned sale of 30,000 common shares of Stride, Inc. with an aggregate market value of $2,530,521.00. These figures reflect the amount covered by this specific Rule 144 notice.

When were the Stride, Inc. (LRN) shares to be sold acquired and in what form?

The shares covered by this notice are Performance Shares acquired from Stride, Inc. on 09/26/2024. They are being registered for possible resale under Rule 144 as common stock.

When is the planned sale date for the Stride, Inc. (LRN) shares under this Form 144?

The filing lists an approximate sale date of 08/18/2026 for the 30,000 shares. This date is indicative and reflects when the seller expects to begin potential sales on the NYSE.

How many Stride, Inc. (LRN) shares are outstanding in relation to this planned sale?

Stride, Inc. reports 41,559,845 shares outstanding in connection with this notice. The 30,000 shares covered by the filing represent only a small fraction of the total shares outstanding.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature