PXED COO exercises 62,782 stock options

Rhea-AI Filing Summary

Phoenix Education Partners, Inc. (PXED) reports that Chief Operating Officer Krishnaiah Raghu Ram exercised 62,782 employee stock options on August 19, 2026 at an exercise price of $11.04 per share, converting them into an equal number of common shares and reducing that option grant to 0 remaining.

On the same date, 39,825 common shares at $27.86 per share were delivered or withheld for payment of exercise price or tax liability. According to the company, no shares were sold, the options were scheduled to expire on August 31, 2026, and the COO remains subject to transfer restrictions on common stock until October 8, 2026.

Insider Trade Summary

62,782 shares exercised/converted

Exercise 3 txns

Insider Krishnaiah Raghu Ram

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy) F1	62,782	--	--
Exercise	Common Stock, par value $0.01 per share	62,782	$11.04	$693K
Exercise Price or Tax Liability	Common Stock, par value $0.01 per share	39,825	$27.86	$1.11M

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock, par value $0.01 per share — 91,141 shares (Direct)

Footnotes (1)

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: 62,782 shares Exercise price: $11.04 per share Common shares delivered/withheld: 39,825 shares +4 more

7 metrics

Options exercised 62,782 shares Employee Stock Options exercised on August 19, 2026

Exercise price $11.04 per share Exercise price of employee stock options converted into common stock

Common shares delivered/withheld 39,825 shares Shares used for payment of exercise price or tax liability on August 19, 2026

Price for exercise-price/tax-liability shares $27.86 per share Per-share value for common shares delivered or withheld under code F

Option grant remaining after exercise 0 options Total shares following derivative transaction for that option grant

Option expiration date August 31, 2026 Scheduled expiration date of the exercised stock options

Transfer restriction end date October 8, 2026 Date when the reporting person’s restrictions on transfer of common stock expire

Key Terms

Employee Stock Option (Right to Buy), Management Equity Plan, initial public offering, tax liability

4 terms

Employee Stock Option (Right to Buy) financial

"security_title: Employee Stock Option (Right to Buy)"

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.

initial public offering financial

"previously disclosed in connection with the Issuer's initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

FAQ

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

What did PXED executive Krishnaiah Raghu Ram do in this Form 4 transaction?

He exercised 62,782 employee stock options on August 19, 2026 at an exercise price of $11.04 per share, receiving the same number of PXED common shares and bringing that specific option position down to 0 remaining.

How many Phoenix Education Partners (PXED) shares were used for exercise price or tax obligations?

In connection with the option exercise, 39,825 PXED common shares at $27.86 per share were delivered or withheld for payment of exercise price or tax liability, as reported under transaction code F.

Did the PXED COO sell any shares in this reported Form 4 activity?

The company states that no shares of common stock were sold by the reporting person in connection with these transactions; shares reported under code F were used for payment of exercise price or tax liability.

Why were the PXED stock options exercised before their expiration?

The options, granted under the University of Phoenix, Inc. Management Equity Plan, were exercised because they were scheduled to expire on August 31, 2026, while the reporting person’s transfer restrictions on PXED common stock continue until October 8, 2026.

Were the PXED Form 4 transactions made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnote does not describe a trading plan, so these transactions are not identified as being made under a Rule 10b5-1 plan.

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

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Available on EDGAR 08/21/2026 - 04:15 PM EDT Accepted by SEC EDGAR 08/21/2026 - 04:15 PM EDT 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^*

Krishnaiah Raghu Ram

(Last) (First) (Middle)

C/O PHOENIX EDUCATION PARTNERS, INC.

4035 S. RIVERPOINT PARKWAY

(Street)

PHOENIX ARIZONA 85040

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Phoenix Education Partners, Inc. [ PXED ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

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
Common Stock, par value $0.01 per share	08/19/2026		M		62,782	A	$11.04	130,966	D
Common Stock, par value $0.01 per share	08/19/2026		F		39,825	D	$27.86	91,141	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
Employee Stock Option (Right to Buy)	$11.04	08/19/2026		M(1)			62,782	10/09/2025	08/31/2026	Common Stock	62,782(1)	(1)	0	D

Explanation of Responses:

1. 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.

	/s/ Srini Medi, as attorney-in-fact for Raghu Krishnaiah	08/21/2026
	** 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)