[Form 4] Stride, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Donna Blackman, the Chief Financial Officer of Stride, Inc. (LRN), reported acquiring 11,375 restricted shares on 08/08/2025 that vest semi-annually: 20% in the first year and 40% in each of the next two years. After that acquisition the form reports 115,522 shares beneficially owned.

On 08/09/2025 the company withheld 825 shares to satisfy withholding taxes at a reported price of $149.45, reducing beneficial ownership to 114,697 shares. The filing also shows an award of 4,266 restricted stock rights that are contingent on specified compound annual growth rates in the company’s stock price and reference an 09/15/2028 vesting/measurement date.

Positive

• Acquisition of 11,375 restricted shares that reinforce executive alignment with shareholders through multi-year vesting
• Transparent reporting of tax-withholding (825 shares) and clear disclosure of contingent restricted stock rights (4,266 shares) with a measurement date of 09/15/2028

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive equity compensation: restricted shares granted, tax withholding on vesting, and contingent performance rights reported.

The Form 4 discloses a standard compensation-related equity grant and associated tax-withholding activity by the CFO. The 11,375 restricted shares granted on 08/08/2025 vest over three years with a 20%/40%/40% schedule, which is typical for retention incentives. The subsequent withholding of 825 shares on 08/09/2025 at $149.45 reflects ordinary tax-settlement activity and reduces reported beneficial ownership to 114,697 shares. The 4,266 restricted stock rights are performance-contingent to 09/15/2028 and represent upside tied to share-price performance rather than immediate dilution.

Corporate Governance Expert

TL;DR: Disclosure shows standard governance of executive grants and tax withholding; no governance red flags are evident in the filing.

The filing names the reporting person as CFO and documents grant mechanics and withholding. Vesting schedules, tax-withholding on vesting, and performance-based restricted stock rights with a defined measurement date are disclosed, aligning with common executive compensation practices. The Form 4 provides explicit counts and treatment of the awards, enabling transparent tracking of potential insider dilution and ownership changes without indicating unusual acceleration, related-party transactions, or nonstandard terms in the disclosed items.

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^*

Blackman Donna

(Last) (First) (Middle)

11720 PLAZA AMERICA DRIVE

9TH FLOOR

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Stride, Inc. [ LRN ]

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)
08/08/2025

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	08/08/2025		A(1)		11,375	A	$0	115,522	D
Common Stock	08/09/2025		F(2)		825	D	$149.45	114,697	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
Restricted Stock Right(3)	(3)	08/08/2025		A		4,266		(3)	09/15/2028	Common Stock	4,266	$0	4,266	D

Explanation of Responses:

1. These shares are restricted and vest semi-annually, with 20% vesting in the first year and 40% vesting in each of the next two years following the grant date.

2. Represents the number of shares withheld by the Issuer upon the vesting of restricted shares to cover the executive's withholding tax associated with the satisfaction of all vesting conditions. The number of shares withheld is based upon the closing price of a share of Stride common stock on the most recent prior market day.

3. Represents an award of restricted stock rights, each of which represents a contingent right to receive one share of the Company's common stock. The restricted stock rights will vest based on the achievement of certain compound annual growth rates in the price of the Company's common stock between the award date and September 15, 2028, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.

	/s/ John C. Grothaus, Attorney-in-fact	08/12/2025
	** 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 did Stride (LRN) CFO Donna Blackman report on Form 4?

The Form 4 reports that Donna Blackman acquired 11,375 restricted shares on 08/08/2025, had 825 shares withheld for taxes on 08/09/2025, and was granted 4,266 restricted stock rights tied to performance through 09/15/2028.

How many shares does Donna Blackman beneficially own after the reported transactions?

Following the reported transactions the filing shows 114,697 shares beneficially owned after tax-withholding, with 115,522 shares reported immediately after the 08/08/2025 acquisition and before withholding.

What was the price used for the tax-withholding transaction?

The Form 4 reports the tax-withholding on 08/09/2025 at a price of $149.45 per share, corresponding to 825 shares withheld.

What are the terms of the restricted stock rights disclosed?

The award comprises 4,266 restricted stock rights, each a contingent right to one share, vesting based on specified compound annual growth rates in the company’s stock price measured through 09/15/2028.

What role does Donna Blackman hold at Stride according to the filing?

The Form 4 identifies the reporting person as Donna Blackman, serving as the company’s Chief Financial Officer (Officer).