Skillsoft CEO exercises 31,250 RSUs, shares withheld
Skillsoft Corp. CEO & Executive Chair Ronald W. Hovsepian reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Skillsoft Corp. CEO & Executive Chair Ronald W. Hovsepian reported routine equity compensation activity. On April 16, he exercised 31,250 restricted stock units into Class A Common Stock, with 9,171 shares withheld by the company to satisfy tax withholding obligations upon vesting. Following these transactions, he holds 287,576 shares of Class A Common Stock directly.
Insider Trade Summary
31,250 shares exercised/converted
Exercise
3 txns
Insider
HOVSEPIAN RONALD W
Role
CEO & Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 31,250 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 31,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 9,171 | $6.64 | $61K |
Holdings After Transaction:
Restricted Stock Units — 250,000 contracts (Direct);
Class A Common Stock — 287,576 shares (Direct)
Footnotes (3)
- 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 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 withheld for taxes: 9,171 shares
Withholding reference price: $6.64 per share
+3 more
6 metrics
RSUs exercised
31,250 units
Restricted stock units converted into Class A Common Stock on April 16
Shares withheld for taxes
9,171 shares
Withheld by issuer to satisfy tax obligations upon vesting
Withholding reference price
$6.64 per share
Value used for tax-withholding disposition of 9,171 shares
Post-transaction holdings
296,747 shares
Direct Class A Common Stock held after transactions
Remaining RSUs after exercise
250,000 units
Restricted stock units reported as derivative holdings after conversion entry
Vesting installments
16 installments
RSU award vests in 16 equal installments over time
Key Terms
Restricted Stock Units, tax withholding obligations, vest in 16 equal installments, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote defining each unit as a contingent right"
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."
vest in 16 equal installments financial
"The restricted stock units vest in 16 equal installments."
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for RSU-related entries"
Class A Common Stock financial
"security_title: "Class A Common Stock" and as underlying security for RSUs"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Skillsoft (SKIL) CEO Ronald Hovsepian report?
Ronald Hovsepian reported exercising 31,250 restricted stock units into Class A Common Stock. As part of the same event, 9,171 shares were withheld by the company to cover tax obligations, reflecting routine equity compensation rather than an open-market stock sale.
Were Ronald Hovsepian’s Skillsoft (SKIL) transactions open-market sales or tax withholding?
The Form 4 shows a tax-withholding disposition of 9,171 shares at $6.64 per share. These shares were withheld by Skillsoft to satisfy tax obligations upon vesting of restricted stock units, not sold in an open-market transaction, indicating a non-discretionary administrative event.
What equity award vested for Skillsoft (SKIL) CEO Ronald Hovsepian?
A grant of 31,250 restricted stock units vested and was converted into an equal number of Skillsoft Class A Common shares. Each restricted stock unit represents a contingent right to receive one share, with the award vesting in 16 equal installments over time.
How do Ronald Hovsepian’s Skillsoft (SKIL) RSUs vest over time?
The restricted stock units vest in 16 equal installments. The first installment vested on the grant date, with the remaining 15 installments vesting quarterly beginning October 16, 2024, providing a structured, time-based vesting schedule linked to continued service or conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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