Skillsoft CRO exercises RSUs, covers taxes in shares
Skillsoft Corp. chief revenue officer Matthew Glitzer reported compensation-related equity transactions involving Class A Common Stock and restricted stock units.
Rhea-AI Filing Summary
Skillsoft Corp. chief revenue officer Matthew Glitzer reported compensation-related equity transactions involving Class A Common Stock and restricted stock units. On May 1, 2026, he exercised derivative awards to acquire 25,313 shares of common stock through multiple conversions of restricted stock units. In connection with these vestings, a total of 7,198 shares were withheld at $8.28 per share to satisfy tax withholding obligations, rather than being sold in the open market. The restricted stock units vest in four equal annual installments beginning on May 1, 2024, May 1, 2025, and May 1, 2026, subject to Glitzer’s continued employment.
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Insider Trade Summary
25,313 shares exercised/converted
Exercise
9 txns
Insider
Glitzer Matthew
Role
CHIEF REVENUE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,688 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 15,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,625 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,688 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,333 | $8.28 | $11K |
| Exercise | Class A Common Stock | 15,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,266 | $8.28 | $35K |
| Exercise | Class A Common Stock | 5,625 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,599 | $8.28 | $13K |
Holdings After Transaction:
Restricted Stock Units — 51,563 contracts (Direct);
Class A Common Stock — 43,407 shares (Direct)
Footnotes (5)
- F1. Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
- F2. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- F3. The restricted stock units vest in four equal annual installments beginning May 1, 2024, subject to the Reporting Person remaining continuously employed through each vesting date.
- F4. The restricted stock units vest in four equal annual installments beginning May 1, 2025, subject to the Reporting Person remaining continuously employed through each vesting date.
- F5. The restricted stock units vest in four equal annual installments beginning May 1, 2026, subject to the Reporting Person remaining continuously employed through each vesting date.
Key Figures
Shares acquired via RSU exercises: 25,313 shares
Shares withheld for taxes: 7,198 shares
Tax withholding reference price: $8.28 per share
+3 more
6 metrics
Shares acquired via RSU exercises
25,313 shares
Total exerciseShares from derivative conversions on May 1, 2026
Shares withheld for taxes
7,198 shares
TaxWithholdingShares at $8.28 per share on May 1, 2026
Tax withholding reference price
$8.28 per share
Price used for F-code tax-withholding dispositions
RSU vesting start 2024 grant
May 1, 2024
Four equal annual installments, employment-contingent
RSU vesting start 2025 grant
May 1, 2025
Four equal annual installments, employment-contingent
RSU vesting start 2026 grant
May 1, 2026
Four equal annual installments, employment-contingent
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, contingent right
4 terms
Restricted Stock Units financial
"The restricted stock units vest in four equal annual installments"
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.
tax withholding obligations financial
"Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting"
derivative security financial
"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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Skillsoft (SKIL) report for Matthew Glitzer?
Skillsoft’s chief revenue officer Matthew Glitzer reported equity compensation activity. He exercised restricted stock units into Class A Common Stock and had shares withheld to cover tax obligations, with no open-market buying or selling reported in this filing.
Were any of Matthew Glitzer’s Skillsoft (SKIL) transactions open-market sales or purchases?
No open-market purchases or sales are shown. The Form 4 reports derivative exercises of restricted stock units and dispositions coded as tax-withholding events, where shares were withheld by Skillsoft to cover tax liabilities upon vesting.
How do Matthew Glitzer’s Skillsoft (SKIL) restricted stock units vest over time?
His restricted stock units vest in four equal annual installments beginning May 1, 2024, another grant beginning May 1, 2025, and a further grant beginning May 1, 2026, each subject to his continuous employment through the applicable vesting dates.
What does each Skillsoft (SKIL) restricted stock unit represent for Matthew Glitzer?
Each restricted stock unit represents a contingent right to receive one share of Skillsoft Class A Common Stock. As units vest, they convert into common shares, some of which may be withheld by the company to satisfy associated tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
