LRN Form 4: EVP granted time- and performance-based equity awards

Rhea-AI Filing Summary

McMullen Greerson Greene, EVP and General Counsel of Stride, Inc. (LRN), acquired equity awards on 08/08/2025 consisting of 2,676 restricted shares and 1,004 restricted stock rights. The restricted shares vest semi-annually with 20% vesting in the first year and 40% vesting in each of the next two years. The restricted stock rights are performance-based and will vest only if certain compound annual growth rates in the company’s common stock price are achieved by 09/15/2028; the amount reported represents the threshold award.

The grants were made at a $0 price and are reported as directly beneficially owned following the transactions, with 13,426 shares of common stock held directly and 1,004 restricted stock rights outstanding. These awards combine time-based and performance-based vesting conditions for executive compensation.

Positive

• Grant of 2,676 restricted shares with a clear time-based vesting schedule (20% first year; 40% in each of the following two years).
• Grant of 1,004 performance-based restricted stock rights that vest only if specified compound annual growth rate targets in the company’s stock price are met by 09/15/2028.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine executive equity grants: time-based restricted shares and performance rights reported at $0, reflecting compensation, not a sale.

The filing shows an award of 2,676 restricted shares with a detailed 20%/40%/40% vesting schedule and 1,004 performance-contingent restricted stock rights tied to stock-price CAGR through 09/15/2028. Both awards are reported as directly beneficially owned and granted at no cash price ($0). From a securities perspective this is a standard compensation grant disclosed under Section 16 and signals management alignment via time and performance vesting rather than a liquidity event.

Corporate Governance Expert

TL;DR: Compensation structure mixes time-based vesting and stock-price performance hurdles, aligning long-term incentives for the reporting executive.

The reported awards incorporate a time-based restricted share tranche (semi-annual vesting, 20% first year, then 40%/40%) and a performance-based tranche

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

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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^*

McMullen Greerson Greene

(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)
	EVP, GENERAL COUNSEL

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)		2,676	A	$0	13,426	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(2)	(2)	08/08/2025		A		1,004		(2)	09/15/2028	Common Stock	1,004	$0	1,004	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 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).
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FAQ

What insider transactions were reported for Stride (LRN)?

The Form 4 reports the acquisition of 2,676 restricted shares and the grant of 1,004 restricted stock rights on 08/08/2025.

Who is the reporting person on this Form 4 for LRN?

The reporting person is McMullen Greerson Greene, identified as EVP, General Counsel of Stride, Inc.

How many shares does the reporting person own after the transactions?

The filing reports 13,426 shares of common stock held directly following the reported transactions and 1,004 restricted stock rights outstanding.

What are the vesting terms for the restricted shares and restricted stock rights?

The restricted shares vest semi-annually with 20% in year one and 40% in each of the next two years. The restricted stock rights vest only if specified compound annual growth rates in the common stock price are achieved by 09/15/2028.

Did the reporting person pay cash for the awards?

No cash price is reported; the grants are shown with a $0 price, indicating they were issued as equity awards rather than purchased for cash.