Skillsoft director exercises 12,430 RSUs into shares
Skillsoft Corp. director Jim Frankola exercised restricted stock units into common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Skillsoft Corp. director Jim Frankola exercised restricted stock units into common shares. He converted 12,430 restricted stock units, each representing one share of Class A Common Stock, into 12,430 shares. Following this compensation-related exercise, he directly holds 107,736 shares of Skillsoft Class A Common Stock.
Insider Trade Summary
12,430 shares exercised/converted
Exercise
2 txns
Insider
FRANKOLA JIM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,430 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 12,430 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 107,736 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F2. The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
Key Figures
RSUs exercised: 12,430 units
Shares acquired from RSUs: 12,430 shares
Shares held after transaction: 107,736 shares
+1 more
4 metrics
RSUs exercised
12,430 units
Restricted stock units converted into Class A Common Stock
Shares acquired from RSUs
12,430 shares
Class A Common Stock received upon RSU conversion
Shares held after transaction
107,736 shares
Director’s direct Class A Common Stock holdings post-exercise
Exercise transactions
1 exercise, 12,430 shares
Aggregate derivative exercise activity in this Form 4
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security
3 terms
Restricted Stock Units financial
"The restricted stock units vest on the earlier of (i) the one-year anniversary..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SKIL director Jim Frankola report on this Form 4?
Jim Frankola reported exercising restricted stock units into shares. He converted 12,430 restricted stock units into 12,430 shares of Skillsoft Class A Common Stock, reflecting a compensation-related derivative exercise rather than an open-market stock purchase or sale.
What type of securities did Jim Frankola exercise in the SKIL Form 4 filing?
He exercised restricted stock units (RSUs). Each restricted stock unit represents a contingent right to receive one share of Skillsoft Class A Common Stock, which vested and was converted into 12,430 shares reported as Class A Common Stock in the filing.
Was Jim Frankola’s Skillsoft (SKIL) Form 4 transaction an open-market stock sale or purchase?
No, the transaction was a derivative exercise, not an open-market trade. The Form 4 uses transaction code “M,” indicating exercise or conversion of a derivative security, specifically restricted stock units, with no buy or sell transaction codes reported.
What does the vesting footnote for SKIL restricted stock units indicate in Jim Frankola’s filing?
The footnote explains the RSU vesting conditions. The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, subject to Jim Frankola’s continued service with Skillsoft.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates