Morgan Stanley lists PRDO restricted shares for Rule 144 sale

Morgan Stanley Smith Barney LLC submitted a Rule 144 notice listing multiple blocks of Common stock of PRDO for proposed sale.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Rule 144 notice listing multiple blocks of Common stock of PRDO for proposed sale. The filing lists restricted stock and performance-share lots dated 03/14/2023, 03/14/2024, and 03/14/2025 with individual lot sizes shown in the table excerpt.

Key Figures

Lot - 03/14/2023: 1 shares Lot - 03/14/2024 (example): 1,018 shares Lot - 03/14/2025 (example): 7,293 shares +1 more

4 metrics

Lot - 03/14/2023 1 shares Restricted Stock dated 03/14/2023

Lot - 03/14/2024 (example) 1,018 shares Restricted Stock dated 03/14/2024

Lot - 03/14/2025 (example) 7,293 shares Performance Shares dated 03/14/2025

Additional 03/14/2025 lots 1,108; 821; 1,019 shares Restricted Stock dated 03/14/2025 (multiple lots)

Key Terms

Restricted Stock, Performance Shares, Rule 144

3 terms

Restricted Stock financial

"Restricted Stock | Issuer | 03/14/2024 | 55"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Performance Shares financial

"Performance Shares | Issuer | 03/14/2025 | 7293"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Rule 144 regulatory

"144: Securities To Be Sold"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the PRDO Rule 144 filing show?

The filing lists proposed sales of Common stock by Morgan Stanley Smith Barney LLC under Rule 144. It itemizes restricted stock and performance-share lots dated 03/14/2023, 03/14/2024, and 03/14/2025 with per-lot counts shown in the excerpt.

Who is the selling party in the PRDO Form 144?

The seller identified is Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor. The excerpt lists the firm as the filer and the source of the securities in the table of lots dated 03/14/2023–03/14/2025.

Are the exact aggregate shares for sale reported in the excerpt?

The excerpt shows individual lot counts (for example 1, 55, 1,018, 7,293) but does not present an explicit aggregate total in the provided text. The table lists per-lot quantities and grant dates.

Do these entries indicate completed sales or proposed sales?

These entries are a Rule 144 notice of proposed sale and list securities to be sold. The excerpt shows the securities, grant dates, and lot sizes; it does not state whether the listed sales have been executed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 04:12 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002047690
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PERDOCEO EDUCATION CORPORATION
SEC File Number	000-23245
Address of Issuer	1750 E. Golf Road Schaumburg ILLINOIS 60173
Phone	(847) 781-3600
Name of Person for Whose Account the Securities are To Be Sold	JULIA LEEMAN
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	11315	401802.44	62703133	05/12/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/14/2023	Restricted Stock	Issuer			1	03/14/2023	Not Applicable
Common	03/14/2024	Restricted Stock	Issuer			55	03/14/2024	Not Applicable
Common	03/14/2024	Restricted Stock	Issuer			1018	03/14/2024	Not Applicable
Common	03/14/2025	Restricted Stock	Issuer			1108	03/14/2025	Not Applicable
Common	03/14/2025	Restricted Stock	Issuer			821	03/14/2025	Not Applicable
Common	03/14/2025	Performance Shares	Issuer			7293	03/14/2025	Not Applicable
Common	03/14/2025	Restricted Stock	Issuer			1019	03/14/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	05/12/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Julia Ann Leeman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)