Phoenix Education (PXED) legal chief exercises options, withholds 33K shares
Rhea-AI Filing Summary
Phoenix Education Partners, Inc. (PXED) reported that Chief Legal Officer and Secretary Medi Srini exercised 60,052 employee stock options for common stock on August 25, 2026 at an exercise price of $11.04 per share. The related option grant was fully exercised, leaving 0 options from that grant. In connection with the exercise, 33,190 shares of common stock were delivered or withheld at $28.74 per share for payment of the exercise price or tax liability. A footnote states the options were granted under The University of Phoenix, Inc. Management Equity Plan, that transfer restrictions on the reporting person’s common stock remain in place until October 8, 2026, and that no shares were sold in connection with these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,862 shares
Net Buy
3 txns
Insider
Medi Srini
Role
Chief Legal Officer & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1 | 60,052 | -- | -- |
| Exercise | Common Stock, par value $0.01 per share | 60,052 | $11.04 | $663K |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 33,190 | $28.74 | $954K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock, par value $0.01 per share — 73,734 shares (Direct)
Footnotes (1)
- F1. The stock options granted under The University of Phoenix, Inc. Management Equity Plan (the "University Equity Plan") were exercised by the Reporting Person because such stock options were scheduled to expire prior to the expiration of certain restrictions on transfer of the Issuer's common stock by the Reporting Person, as previously disclosed in connection with the Issuer's initial public offering. The Reporting Person remains subject to such restrictions, which will expire on October 8, 2026. No shares of the Issuer's common stock were sold by the Reporting Person in connection with this transaction.
Key Figures
Options exercised: 60,052 shares
Exercise price: $11.04 per share
Underlying common shares from options: 60,052 shares
+5 more
8 metrics
Options exercised
60,052 shares
Employee Stock Option (Right to Buy) exercised on August 25, 2026
Exercise price
$11.04 per share
Exercise or conversion price for 60,052 options into common stock
Underlying common shares from options
60,052 shares
Common Stock received upon option exercise
Shares delivered or withheld for exercise price or tax liability
33,190 shares
Code F transaction on August 25, 2026
Price for exercise price or tax liability shares
$28.74 per share
Valuation used for 33,190 common shares in code F transaction
Options remaining from this grant
0 options
Total shares following derivative transaction for this option grant
Transfer restriction expiry date
October 8, 2026
Date when restrictions on transfer of common stock expire for the reporting person
Exercise or tax-liability disposition shares (summary)
33,190 shares
ExercisePriceOrTaxLiabilityShares in transaction summary
Key Terms
Employee Stock Option, Management Equity Plan, exercise or conversion of derivative security, Payment of exercise price or tax liability, +1 more
5 terms
Employee Stock Option financial
"security_title: "Employee Stock Option (Right to Buy)""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
Management Equity Plan financial
"granted under The University of Phoenix, Inc. Management Equity Plan"
A management equity plan is a company program that gives senior leaders and executives ownership stakes—such as stock or options—as part of their pay. It aligns managers’ financial incentives with shareholders by making part of their reward depend on the company’s stock performance, like tying a captain’s bonus to the ship’s successful voyage. Investors watch these plans because they affect dilution, executive motivation, and long-term company value.
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
Payment of exercise price or tax liability financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering or withholding""
restrictions on transfer financial
"The Reporting Person remains subject to such restrictions on transfer of the Issuer's common stock"
FAQ
What did Medi Srini report in this Form 4 for PXED?
Medi Srini, Chief Legal Officer and Secretary of PXED, reported exercising 60,052 stock options for common stock at an exercise price of $11.04 per share on August 25, 2026, with shares delivered or withheld to cover the exercise price or tax liability and no market sales reported.
How many PXED options did Medi Srini exercise and at what price?
Medi Srini exercised 60,052 employee stock options for Phoenix Education Partners, Inc. common stock at an exercise price of $11.04 per share. The underlying security for these options was common stock, and the option position from this grant is now fully exercised.
Were these PXED transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is marked false, indicating these transactions were not affirmed as made under a Rule 10b5-1 trading plan. The footnote instead explains the timing in relation to option expiration and existing transfer restrictions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
