Skillsoft CAO converts 500 RSUs, withholds 121 shares
Skillsoft’s chief accounting officer vested 500 RSUs into common stock, with 121 shares withheld to cover tax obligations.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Skillsoft Corp. (SKIL) reported that Chief Accounting Officer Keith C. Swiniarski exercised restricted stock units into Class A Common Stock and had shares withheld to cover taxes. On September 1, 2026, 500 restricted stock units were converted into 500 shares of Class A Common Stock. Of these, 121 shares were withheld by Skillsoft to satisfy tax withholding obligations upon vesting at a price of $6.53 per share, and the RSU balance from this grant was reduced to zero. No Rule 10b5-1 trading plan is reported in connection with these transactions.
Insider Trade Summary
500 shares exercised/converted
Exercise
3 txns
Insider
Swiniarski Keith C.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 500 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 121 | $6.53 | $790.13 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 4,062 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 two equal annual installments beginning September 1, 2025, subject to the Reporting Person remaining continuously employed through each vesting date.
Key Figures
Restricted stock units converted: 500 units
Shares of Class A Common Stock acquired: 500 shares
Shares withheld for taxes: 121 shares
+2 more
5 metrics
Restricted stock units converted
500 units
RSUs converted into Class A Common Stock on September 1, 2026
Shares of Class A Common Stock acquired
500 shares
Shares received upon RSU conversion on September 1, 2026
Shares withheld for taxes
121 shares
Withheld to satisfy tax withholding obligations upon vesting
Tax withholding price per share
$6.53 per share
Price applied to the 121 shares withheld for tax obligations
RSUs remaining from this grant after conversion
0 units
Total restricted stock units following the September 1, 2026 transaction
Key Terms
Restricted Stock Units, Class A Common Stock, tax withholding obligations, contingent right to receive, +1 more
5 terms
Restricted Stock Units financial
"security titled "Restricted Stock Units" was exercised and converted"
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
"converted into 500 shares 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.
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations"
contingent right to receive financial
"Each restricted stock unit represents a contingent right to receive one share"
continuously employed financial
"subject to the Reporting Person remaining continuously employed"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SKIL report for Keith C. Swiniarski?
Skillsoft reported that Chief Accounting Officer Keith C. Swiniarski converted 500 restricted stock units into 500 shares of Class A Common Stock on September 1, 2026, and had a portion of those shares withheld to cover tax obligations.
How many restricted stock units did the Skillsoft (SKIL) officer convert?
Keith C. Swiniarski converted 500 restricted stock units into 500 shares of Skillsoft Class A Common Stock on September 1, 2026, reducing the restricted stock units from this grant to 0 following the transaction.
Was a Rule 10b5-1 trading plan involved in the SKIL Form 4 transactions?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the transactions were made under a Rule 10b5-1 or other pre-arranged trading plan.
What type of security did the SKIL officer hold before conversion?
Before conversion, the officer held Restricted Stock Units, each representing a contingent right to receive one share of Skillsoft Class A Common Stock, subject to vesting conditions described in the filing’s footnotes.
What are the vesting terms mentioned for the Skillsoft (SKIL) restricted stock units?
The filing notes that the restricted stock units vest in two equal annual installments beginning on September 1, 2025, subject to the reporting person remaining continuously employed through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
