Director Michael Klein of Skillsoft (NYSE: SKIL) converts 12,430 RSUs to Class A shares
Rhea-AI Filing Summary
Skillsoft Corp. director Michael Stuart Klein reported exercising restricted stock units that converted into 12,430 shares of Class A Common Stock at a price of $0.00 per share. Following this RSU conversion, he holds 39,336 shares directly and additional indirect holdings through an LLC and a trust.
Positive
- None.
Negative
- None.
Insights
Routine RSU conversion increases direct share holdings without open-market trading.
This Form 4 shows Michael Stuart Klein, a director of Skillsoft Corp., converting 12,430 restricted stock units into the same number of Class A Common shares at $0.00 per share. This is compensation-related rather than an open-market purchase.
The filing lists 39,336 shares held directly after the transaction, plus indirect positions of 177,984 shares via Garden State Capital Partners LLC and 334,716 shares via a trust. There are no reported open-market buys or sells, and no remaining derivative position from these RSUs, indicating a standard vesting and settlement event.
Insider Trade Summary
| 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 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
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
Key Terms
Restricted Stock Units financial
Class A Common Stock financial
Exercise or conversion of derivative security financial
FAQ
What insider transaction did Michael Stuart Klein report for Skillsoft (SKIL)?
What indirect Skillsoft (SKIL) holdings are associated with Michael Stuart Klein?
What do the restricted stock unit terms mean in the Skillsoft (SKIL) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.