Scholastic EVP exercises options, sells 28,037 shares
Sasha Quinton, EVP and President, CBG of Scholastic Corp, exercised employee stock options for a total of 28,037 shares of common stock at an exercise price of $20.63 per share on August 5–6, 2026, then sold the same 28,037 shares in open-market transactions.
Rhea-AI Filing Summary
Sasha Quinton, EVP and President, CBG of Scholastic Corp, exercised employee stock options for a total of 28,037 shares of common stock at an exercise price of $20.63 per share on August 5–6, 2026, then sold the same 28,037 shares in open-market transactions. Sales included 20,488 shares at a weighted average price of $43.168, and two trades of 5,139 and 2,410 shares at weighted average prices of $41.738 and $42.047, respectively. Footnotes state the reported prices are weighted averages over ranges and that the sales include shares sold to cover the exercise price and satisfy withholding taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 28,037 shares ($622K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Quinton Sasha
Role
EVP, Pres. CBG
Sold
28,037 shs ($1.20M)
Approx. gross sale proceeds
$1.20M
Approx. exercise cost
$578K
Approx. pre-tax spread
$622K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F5 | 7,549 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,549 | $20.63 | $156K |
| Sale | Common Stock F1, F3 | 5,139 | $41.738 | $214K |
| Sale | Common Stock F1, F4 | 2,410 | $42.047 | $101K |
| Exercise | Stock Option (right to buy) F5 | 20,488 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,488 | $20.63 | $423K |
| Sale | Common Stock F1, F2 | 20,488 | $43.168 | $884K |
Holdings After Transaction:
Stock Option (right to buy) — 22,151 contracts (Direct);
Common Stock — 53,828 shares (Direct)
Footnotes (5)
- F1. Includes shares sold to cover the exercise price and satisfy withholding taxes.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.060 to $43.375 inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.00 to $42.00 inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.010 to $42.265 inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation stock or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F5. Employee stock option that expires September 22, 2027 and vested ratably over a three year period beginning with the first anniversary after the September 22, 2020 date of grant.
Key Figures
Options exercised: 28,037 shares
Exercise price: $20.63 per share
Shares sold total: 28,037 shares
+4 more
7 metrics
Options exercised
28,037 shares
Total stock options exercised by Sasha Quinton on August 5–6, 2026
Exercise price
$20.63 per share
Exercise price for employee stock options expiring September 22, 2027
Shares sold total
28,037 shares
Total Scholastic common shares sold following option exercises
Sale price 20,488 shares
$43.168 per share
Weighted average sale price on August 5, 2026, with trades from $43.060 to $43.375
Sale price 5,139 shares
$41.738 per share
Weighted average sale price on August 6, 2026, with trades from $41.00 to $42.00
Sale price 2,410 shares
$42.047 per share
Weighted average sale price on August 6, 2026, with trades from $42.010 to $42.265
Option expiration
September 22, 2027
Expiration date of the employee stock options referenced in the transactions
Key Terms
weighted average price, withholding taxes, Employee stock option
3 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
withholding taxes financial
"Includes shares sold to cover the exercise price and satisfy withholding taxes."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Employee stock option financial
"Employee stock option that expires September 22, 2027 and vested ratably."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Scholastic Corp (SCHL) executive Sasha Quinton report in this Form 4?
Sasha Quinton reported exercising 28,037 stock options at $20.63 and selling 28,037 common shares in open-market transactions on August 5–6, 2026. Some sold shares were used to cover the option exercise price and withholding taxes.
What stock options did Sasha Quinton exercise in the Scholastic (SCHL) Form 4?
Quinton exercised employee stock options for 28,037 shares of Scholastic common stock at an exercise price of $20.63 per share. These options are described as expiring on September 22, 2027 and having vested ratably over three years from a September 22, 2020 grant date.
Were Sasha Quinton’s Scholastic (SCHL) transactions under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a Rule 10b5-1 trading plan, and the footnotes do not reference such a plan. The filing does not state that these trades were made under a pre-arranged Rule 10b5-1 agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
