Phoenix Education Partners (PXED) COO exercises 62,782 options before expiry
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,957 shares
Net Buy
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 shares (Direct);
Common Stock, par value $0.01 per share — 91,141 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: 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
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.
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.
