Skillsoft Corp. (SKIL) CEO converts 31,250 RSUs into common shares
Rhea-AI Filing Summary
Skillsoft Corp. CEO and Executive Chair Ronald W. Hovsepian reported the vesting and settlement of restricted stock units into common shares. On 01/16/2026, 31,250 restricted stock units were converted into 31,250 shares of Class A Common Stock at a price of $0 per share, reflecting stock-based compensation rather than an open-market purchase.
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units vest in 16 equal installments, with the first installment vesting on the grant date and 15 additional installments vesting quarterly beginning October 16, 2024. Following this transaction, Hovsepian directly held 281,250 derivative securities in the form of restricted stock units and 265,497 shares of Class A Common Stock.
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FAQ
What insider transaction did SKIL CEO Ronald W. Hovsepian report?
Ronald W. Hovsepian reported the vesting and settlement of 31,250 restricted stock units into 31,250 shares of Class A Common Stock on 01/16/2026, at a price of $0 per share as part of his equity compensation.
How many Skillsoft (SKIL) shares does Ronald W. Hovsepian own after this Form 4?
After the reported transaction, Ronald W. Hovsepian directly owned 265,497 shares of Class A Common Stock and 281,250 restricted stock units, each RSU representing the right to receive one share upon vesting.
What are the terms of Ronald W. Hovsepian’s restricted stock units at Skillsoft?
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, subject to the award’s terms.
What does transaction code "M" mean in this Skillsoft Form 4 filing?
In this filing, transaction code "M" indicates the conversion of derivative securities (restricted stock units) into underlying Class A Common Stock, rather than a market purchase or sale.
Is Ronald W. Hovsepian’s ownership in Skillsoft direct or indirect?
The Form 4 lists both the Class A Common Stock and the restricted stock units reported in this transaction as held with direct (D) ownership by Ronald W. Hovsepian.
Does this Skillsoft Form 4 reflect a cash purchase or sale of shares?
The Form 4 shows the conversion of 31,250 restricted stock units into common shares at $0 per share, indicating equity compensation vesting rather than a cash purchase or open-market sale.