Scholastic SVP exercises options, sells 10,000 shares

Scholastic Corp senior vice president and chief accounting officer Paul Hukkanen exercised 10,000 stock options and sold 10,000 common shares.

Rhea-AI Filing Summary

Scholastic Corp senior vice president and chief accounting officer Paul Hukkanen exercised 10,000 stock options and sold 10,000 common shares. He exercised employee stock options for 10,000 shares of common stock at $21.03 per share, then sold 10,000 shares at $39.40 per share in an open-market transaction.

Following these transactions, Hukkanen holds 13,620 shares of Scholastic common stock directly. The exercised options were from a grant that vested in four equal annual installments beginning on October 1, 2021.

Insider Trade Summary

Exercise and Sale: 10,000 shares ($184K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Hukkanen Paul

Role SVP, CHIEF ACCT OFF

Sold 10,000 shs ($394K)

Approx. gross sale proceeds $394K

Approx. exercise cost $210K

Approx. pre-tax spread $184K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options (right to buy)	10,000	$0.00	$0.00
Exercise	Common Stock	10,000	$21.03	$210K
Sale	Common Stock	10,000	$39.40	$394K

Holdings After Transaction: Employee Stock Options (right to buy) — 0 contracts (Direct); Common Stock — 13,620 shares (Direct)

Footnotes (1)

1. F1. The grant became exercisable in four equal annual installments beginning with the first anniversary of the date of grant of October 1, 2020.

FAQ

What insider transaction did SCHOLASTIC CORP (SCHL) report for Paul Hukkanen?

SCHOLASTIC CORP reported that SVP and chief accounting officer Paul Hukkanen exercised 10,000 stock options and sold 10,000 common shares. These moves converted options into shares and then monetized those shares through an open-market sale on March 25, 2026.

How many SCHOLASTIC CORP (SCHL) shares did Paul Hukkanen sell and at what price?

Paul Hukkanen sold 10,000 shares of SCHOLASTIC CORP common stock at a price of $39.40 per share. The shares were sold in an open-market or private transaction as indicated by transaction code S in the Form 4 filing.

At what price did Paul Hukkanen exercise his SCHOLASTIC CORP (SCHL) stock options?

Paul Hukkanen exercised 10,000 employee stock options at an exercise price of $21.03 per share. The options related to a grant that vested in four equal annual installments beginning one year after the October 1, 2020 grant date.

How many SCHOLASTIC CORP (SCHL) shares does Paul Hukkanen own after the transactions?

After exercising options and selling shares, Paul Hukkanen directly holds 13,620 shares of SCHOLASTIC CORP common stock. This figure reflects his post-transaction ownership reported in the Form 4, showing his remaining equity stake following the March 25, 2026 trades.

What do the M and S transaction codes mean in the SCHL Form 4 for Paul Hukkanen?

Code M in the SCHL Form 4 shows that Paul Hukkanen exercised derivative securities, converting stock options into 10,000 common shares. Code S indicates he then sold 10,000 common shares in an open-market or private transaction on the same date.

Were any SCHOLASTIC CORP (SCHL) stock options remaining for Paul Hukkanen after this Form 4?

The Form 4 shows a derivative transaction covering 10,000 options with zero derivative shares remaining afterward. The derivativeSummary is empty, indicating no additional option positions are reported for Paul Hukkanen in this particular filing.

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Accepted by SEC EDGAR 03/27/2026 - 04:07 PM 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^*

Hukkanen Paul

(Last) (First) (Middle)

C/O CORPORATE SECRETARY, SCHOLASTIC

557 BROADWAY

(Street)

NEW YORK NEW YORK 10012

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SCHOLASTIC CORP [ SCHL ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CHIEF ACCT OFF

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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	03/25/2026		M		10,000	A	$21.03	23,620	D
Common Stock	03/25/2026		S		10,000	D	$39.4	13,620	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 Options (right to buy)	$21.03	03/25/2026		M			10,000	(1)	10/01/2027	Common Stock	10,000	$0	0	D

Explanation of Responses:

1. The grant became exercisable in four equal annual installments beginning with the first anniversary of the date of grant of October 1, 2020.

	/s/ Paul Hukkanen by Andrew S. Hedden, Attorney-in-fact	03/27/2026
	** 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)