LRN Form 4: CFO vested 20,855 shares; tax withholding disclosed at $138.54
Rhea-AI Filing Summary
Donna Blackman, Chief Financial Officer and director of Stride, Inc. (LRN), reported transactions on 09/17/2025 showing vesting and receipt of common stock tied to prior equity awards. A performance award originally granted on 09/06/2022 vested at an above-target level, yielding 20,855 shares credited with $0 cash price; restricted stock rights for the same amount also vested. The issuer withheld 18,812 shares to satisfy tax withholding at a closing price of $138.54, leaving the reporting person with 131,985 to 150,797 shares beneficially owned depending on line items. Transactions were signed by an attorney-in-fact on 09/19/2025.
Positive
- Performance award vested at above-target level, resulting in issuance of 20,855 shares to the CFO on 09/17/2025
- Full disclosure of tax-withholding with 18,812 shares withheld and withholding price disclosed at $138.54
Negative
- None.
Insights
TL;DR: Routine executive equity vesting and tax-withholding, not a sale; limited market-impact information.
The Form 4 documents the vesting of a performance-based award granted in 2022 that reached above-target thresholds, resulting in issuance of 20,855 shares to the CFO on 09/17/2025. The company withheld 18,812 shares to cover withholding taxes, valued in the filing at a closing price of $138.54. This is a non-dispositive corporate compensation event rather than a trading decision, so it provides limited insight into intentional insider liquidity or change in control expectations.
TL;DR: Compensation plan mechanics executed as designed; documentation aligns with standard disclosure practice.
The filing explains that restricted stock rights converted to common shares upon satisfaction of CAGR-based vesting conditions between the award date and 09/15/2025. The use of share withholding to satisfy tax obligations is explicitly disclosed and quantified. The filing includes appropriate explanations tying the shares to the 09/06/2022 award, and the signature by an attorney-in-fact follows administrative practice for timely reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Right | 20,855 | $0.00 | -- |
| Exercise | Common Stock | 20,855 | $0.00 | -- |
| Grant/Award | Common Stock | 20,855 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,812 | $138.54 | $2.61M |
Footnotes (1)
- Represents the acquisition of shares of Common Stock in connection with the vesting at above target threshold of the performance award originally granted on September 6, 2022. 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. Each restricted stock right represents a contingent right to receive one share of Stride common stock. The restricted stock rights vested 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, 2025, subject to earlier vesting in certain circumstances described in the applicable award agreement.
