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LRN Form 4: CFO Blackman boosts ownership via RSU vesting

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Stride, Inc. (LRN) – Form 4 insider activity

Chief Financial Officer Donna Blackman reported two transactions dated 07/30/2025. She acquired 41,710 shares of common stock at $0 per share following the achievement of performance objectives from a 09/06/2022 award. To satisfy withholding taxes on the vesting, the issuer concurrently withheld/disposed 17,650 shares at $129.15 per share (transaction code “F”). After both entries, Blackman’s direct beneficial ownership stands at 104,147 shares, representing a net increase of 24,060 shares.

No derivative securities were reported. The filing indicates execution under normal equity compensation terms rather than open-market purchases or sales. Insider buying—particularly by the CFO—can be interpreted as a vote of confidence, although part of the acquisition was automatically offset by tax-related share withholding.

Positive

  • CFO increased direct ownership by 24,060 shares, aligning interests with shareholders.
  • No open-market selling; disposals were solely for tax withholding and therefore non-directional.

Negative

  • None.

Insights

TL;DR: CFO’s net 24k-share increase signals confidence; tax withholding sale is routine; modestly positive for sentiment.

The acquisition arises from previously granted performance RSUs, so it does not involve new cash outlay, yet it meaningfully lifts the CFO’s direct stake to 104,147 shares. A larger personal holding aligns management incentives with shareholders and often carries a constructive message. The 17,650-share sale was automatic for tax remittance and should not be viewed as bearish. No derivatives or 10b5-1 plans were disclosed. Impact on valuation is immaterial, but from a governance and sentiment angle, I view the disclosure as incrementally positive.

Insider Blackman Donna
Role CHIEF FINANCIAL OFFICER
Type Security Shares Price Value
Grant/Award Common Stock 41,710 $0.00 --
Tax Withholding Common Stock 17,650 $129.15 $2.28M
Holdings After Transaction: Common Stock — 121,797 shares (Direct)
Footnotes (1)
  1. Acquisition is in connection with the September 6, 2022 award and achievement of performance objectives. 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 vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.
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*
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)
07/30/2025
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 07/30/2025 A(1) 41,710 A $0 121,797 D
Common Stock 07/30/2025 F(2) 17,650 D $129.15 104,147 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. Acquisition is in connection with the September 6, 2022 award and achievement of performance objectives.
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 vesting date, or if the vesting date fell on a weekend or market holiday, upon the closing price of a share of Stride common stock on the most recent prior market day.
/s/ John C. Grothaus, Attorney-in-fact 08/01/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Stride (LRN) shares did CFO Donna Blackman acquire?

She acquired 41,710 shares through performance-based RSU vesting.

Why were 17,650 Stride shares sold at $129.15?

These shares were withheld by the issuer to cover withholding taxes upon vesting, per Form 4 note (2).

What is the CFO's total ownership after the transactions?

Donna Blackman now directly owns 104,147 shares of Stride common stock.

Was this transaction part of a Rule 10b5-1 trading plan?

The filing does not indicate a Rule 10b5-1 plan for these transactions.

Does the Form 4 report any derivative security activity?

No – Table II shows no derivative securities acquired or disposed.