Stride director granted 186 deferred stock units

Stride, Inc. director Brian A. Shepherd was granted 186 deferred stock units that vest by August 20, 2027 or at the next annual stockholders’ meeting.

Rhea-AI Filing Summary

Stride, Inc. (symbol: LRN) is the issuer of record for a Form 4 filing submitted to the SEC. Shepherd Brian A. reported acquisition or exercise transactions in this Form 4 filing.

Stride, Inc. (LRN) reported that director Brian A. Shepherd received a grant of 186 Deferred Stock Units (DSUs) on August 20, 2026 under the company’s Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock and will vest on the earlier of August 20, 2027 or the next annual stockholders’ meeting.

These DSUs become payable upon Mr. Shepherd’s termination of service as a director, with any fractional share settled in cash. After this grant, he holds 186 DSUs directly, and no transactions are reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 186 shares

Grant/Award 1 txn

Insider Shepherd Brian A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Unit F1, F2	186	$0.00	$0.00

Holdings After Transaction: Deferred Stock Unit — 186 contracts (Direct)

Footnotes (2)

1. F1. Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock of Stride, Inc. Vested DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
2. F2. The DSUs will vest on the earlier of (a) August 20, 2027 or (b) the next annual meeting of the stockholders of Stride, Inc.

Key Figures

Deferred Stock Units granted: 186 units Per-unit grant price: $0.00 per DSU Deferred Stock Units held after transaction: 186 units +2 more

5 metrics

Deferred Stock Units granted 186 units Grant to director Brian A. Shepherd on August 20, 2026

Per-unit grant price $0.00 per DSU Reported for the August 20, 2026 DSU award

Deferred Stock Units held after transaction 186 units Total DSUs directly owned by Brian A. Shepherd after the grant

Underlying common shares per DSU 1 share per unit Each DSU is the economic equivalent of one share of common stock

Latest vesting date August 20, 2027 DSUs vest on the earlier of this date or the next annual stockholders’ meeting

Key Terms

Deferred Stock Unit, Deferred Compensation Plan, economic equivalent, vest

4 terms

Deferred Stock Unit financial

"Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan"

A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.

Deferred Compensation Plan financial

"Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

economic equivalent financial

"Each DSU is the economic equivalent of one share of common stock of Stride, Inc."

vest financial

"The DSUs will vest on the earlier of (a) August 20, 2027 or (b) the next annual meeting"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

What insider transaction did Stride, Inc. (LRN) report for Brian A. Shepherd?

Stride, Inc. reported that director Brian A. Shepherd received a grant of 186 Deferred Stock Units (DSUs) on August 20, 2026 as a compensation-related award under the company’s Deferred Compensation Plan for Non-Employee Directors.

How many Deferred Stock Units did the Stride, Inc. (LRN) director acquire and at what price?

Brian A. Shepherd acquired 186 Deferred Stock Units, each economically equivalent to one share of Stride, Inc. common stock. The Form 4 reports a per-unit price of $0.00, indicating a grant or award rather than a market purchase.

When do Brian A. Shepherd’s DSUs in Stride, Inc. (LRN) vest?

The 186 DSUs granted to Brian A. Shepherd will vest on the earlier of August 20, 2027 or the next annual meeting of Stride, Inc. stockholders, as disclosed in the footnotes to the Form 4 filing.

What does each DSU granted by Stride, Inc. (LRN) represent for the director?

Each DSU granted to Brian A. Shepherd is the economic equivalent of one share of Stride, Inc. common stock. Vested DSUs become payable upon his termination of service as a director, with any fractional share amounts paid in cash at settlement.

How many Deferred Stock Units does the Stride, Inc. (LRN) director hold after this transaction?

Following the August 20, 2026 grant, Brian A. Shepherd holds a total of 186 Deferred Stock Units directly, all tied to Stride, Inc. common stock according to the Form 4 disclosure.

Was the Stride, Inc. (LRN) insider DSU grant made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmatively marked, and there is no footnote stating that the 186 DSUs were granted pursuant to a Rule 10b5-1 trading plan.

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Available on EDGAR 09/08/2026 - 08:41 PM Accepted by SEC EDGAR 09/08/2026 - 08:41 PM Learn about SEC filing dates

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^*

Shepherd Brian A.

(Last) (First) (Middle)

11720 PLAZA AMERICA DRIVE

9TH FLOOR

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Deferred Stock Unit	(1)	08/20/2026		A		186		(2)	(2)	Common Stock	186	$0	186	D

Explanation of Responses:

1. Represents Deferred Stock Units ("DSUs") under the Stride, Inc. Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of common stock of Stride, Inc. Vested DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.

2. The DSUs will vest on the earlier of (a) August 20, 2027 or (b) the next annual meeting of the stockholders of Stride, Inc.

	/s/ Greerson G. McMullen, Sr., Attorney-in-Fact	09/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)