Perdoceo (PRDO) SVP Czeszewski exercises options, sells 36,225 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perdoceo Education senior vice president and CIO David C. Czeszewski exercised 12,972 stock options and sold a total of 36,225 shares of common stock. The sales occurred at weighted average prices of about $32.81 and $32.80, with individual trades ranging roughly from the low $32 to the low $33 range.
The options exercised were originally granted in 2018 and vested between 2019 and 2022. After these transactions, Czeszewski directly owns 68,875 shares of common stock and holds 39,041 unvested restricted stock units, each representing one future share, along with a one-share correction to previously reported ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 36,225 shares ($1,188,413)
Net Sell
4 txns
Insider
Czeszewski David C.
Role
SVP, CIO
Sold
36,225 shs ($1.19M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Option (right to buy) | 12,972 | $0.00 | -- |
| Sale | Common Stock | 23,253 | $32.81 | $763K |
| Exercise | Common Stock | 12,972 | $13.80 | $179K |
| Sale | Common Stock | 12,972 | $32.80 | $425K |
Holdings After Transaction:
Non-Qualified Option (right to buy) — 0 shares (Direct);
Common Stock — 68,875 shares (Direct)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $32.20 to $33.29. This price reported in Column 4 reflects the weighted average purchase prices. The Reporting Person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction were effected. This transaction was executed in multiple trades at prices ranging from $32.28 to $33.17. This price reported in Column 4 reflects the weighted average purchase prices. The Reporting Person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction were effected. Includes 39,041 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock. This Form 4 also corrects an administrative error in the Form 4 filed on June 17, 2025, which overstated the Reporting Person's beneficial ownership by one (1) share of Common Stock. This amendment corrects the total number of shares beneficially owned following the reported transactions to reflect the accurate amount. On March 6, 2018 the Reporting Person was granted 12,972 non-qualified stock options. The option grant vested in four installments on March 14, 2019, 2020, 2021 and 2022.
FAQ
What insider transactions did PRDO executive David C. Czeszewski report?
David C. Czeszewski reported exercising 12,972 stock options and selling 36,225 shares of Perdoceo Education common stock. The reported sales used weighted average prices around the low-$33 to low-$32 range, based on multiple trades executed within those price bands.
At what prices did PRDO insider David C. Czeszewski sell common stock?
Czeszewski reported two blocks of open-market sales at weighted average prices of $32.81 and $32.80 per PRDO share. Footnotes state the underlying trades occurred in ranges from $32.20 to $33.29 and from $32.28 to $33.17, respectively, across multiple executions.
What stock options did PRDO executive David C. Czeszewski exercise?
Czeszewski exercised 12,972 non-qualified stock options originally granted on March 6, 2018. According to the footnotes, this option grant vested in four installments on March 14 of 2019, 2020, 2021, and 2022 before being fully exercised in this Form 4 filing.
Did this PRDO Form 4 include any corrections to prior ownership reports?
Yes. A footnote explains this Form 4 corrects an administrative error in a June 17, 2025 filing that overstated Czeszewski’s beneficial ownership by one share. The amendment updates the total shares beneficially owned following the reported transactions to reflect the accurate amount.
What types of equity awards does PRDO executive David C. Czeszewski hold?
Czeszewski holds directly owned common stock and unvested restricted stock units. The filing notes 39,041 unvested restricted stock units granted under Perdoceo’s 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of common stock at vesting.