Skillsoft Corp. (SKIL) CEO converts RSUs into 31,250 Class A common shares
Rhea-AI Filing Summary
Skillsoft Corp. director and CEO & Executive Chair Ronald W. Hovsepian exercised 31,250 restricted stock units into 31,250 shares of Class A Common Stock on July 16, 2026, at a reported price of 0.0000 per share. Following this conversion, he directly holds 341,349 Class A shares and 218,750 restricted stock units. Each unit represents a contingent right to one share and vests in 16 equal installments, with 15 quarterly installments beginning October 16, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 31,250 shares
Net Buy
2 txns
Insider
HOVSEPIAN RONALD W
Role
CEO & Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 31,250 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 31,250 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 218,750 shares (Direct);
Class A Common Stock — 341,349 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 in 16 equal installments. The first installment vested on the grant date, with 15 subsequent installments vesting quarterly beginning October 16, 2024.
Key Figures
RSUs exercised: 31,250 units
Shares received: 31,250 shares
Common shares after transaction: 341,349 shares
+3 more
6 metrics
RSUs exercised
31,250 units
Restricted Stock Units converted into Class A Common Stock on July 16, 2026
Shares received
31,250 shares
Class A Common Stock acquired upon RSU conversion on July 16, 2026
Common shares after transaction
341,349 shares
Directly held Class A Common Stock following the reported transactions
RSUs remaining after transaction
218,750 units
Restricted stock units held after the RSU conversion
Vesting installments
16 installments
RSUs vest in 16 equal installments, first on grant date
Subsequent vesting tranches
15 installments
Quarterly vesting installments beginning October 16, 2024
Key Terms
Restricted Stock Units, Class A Common Stock, contingent right, vest in 16 equal installments
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"one share of Class A Common Stock of the Issuer"
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.
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock"
vest in 16 equal installments financial
"The restricted stock units vest in 16 equal installments."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Skillsoft (SKIL) report for Ronald W. Hovsepian?
Ronald W. Hovsepian exercised 31,250 restricted stock units into 31,250 shares of Skillsoft Class A Common Stock on July 16, 2026. The transaction was recorded as a derivative exercise/conversion with a reported price of 0.0000 per share.
What is the vesting schedule for Ronald W. Hovsepian’s Skillsoft (SKIL) restricted stock units?
The restricted stock units vest in 16 equal installments. The first installment vested on the grant date, and the remaining 15 installments vest quarterly beginning October 16, 2024. Each vested unit converts into one share of Class A Common Stock.
What type of security did Ronald W. Hovsepian convert in the Skillsoft (SKIL) Form 4?
He converted restricted stock units, a form of equity compensation. Each unit represents a contingent right to receive one share of Class A Common Stock, and in this transaction 31,250 units were converted into 31,250 common shares.