Skillsoft CEO exercises 22,523 stock units
Skillsoft Corp. director and CEO & Executive Chair Ronald W. Hovsepian exercised derivative awards linked to restricted stock units, acquiring 22,523 shares of Class A Common Stock at a stated price of $0.00 per share.
Rhea-AI Filing Summary
Skillsoft Corp. director and CEO & Executive Chair Ronald W. Hovsepian exercised derivative awards linked to restricted stock units, acquiring 22,523 shares of Class A Common Stock at a stated price of $0.00 per share. Following the transaction, he directly holds 310,099 Class A shares.
He also directly holds 67,570 restricted stock units, each representing a contingent right to receive one Class A share. These units vest in four equal annual installments beginning May 1, 2026, conditioned on his continued employment through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,523 shares exercised/converted
Exercise
2 txns
Insider
HOVSEPIAN RONALD W
Role
CEO & Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,523 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 22,523 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 67,570 contracts (Direct);
Class A Common Stock — 310,099 shares (Direct)
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 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 exercise: 22,523 shares
Shares held after transaction: 310,099 shares
Restricted stock units remaining: 67,570 RSUs
+2 more
5 metrics
Shares acquired via exercise
22,523 shares
Class A Common Stock acquired through derivative exercise on May 1, 2026
Shares held after transaction
310,099 shares
Total direct Class A Common Stock holdings following the exercise
Restricted stock units remaining
67,570 RSUs
Directly held restricted stock units after the reported transaction
RSU vesting schedule
4 equal annual installments
Vesting begins May 1, 2026, subject to continued employment
Exercise transaction code
Code M
Exercise or conversion of derivative security reported on Form 4
Key Terms
Restricted Stock Units, derivative security, Class A Common Stock, vesting
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.
derivative security financial
"transaction_code_description: 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.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share 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.
vesting financial
"The restricted stock units vest in four equal annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Skillsoft (SKIL) report for Ronald W. Hovsepian?
Skillsoft reported that CEO & Executive Chair Ronald W. Hovsepian exercised derivative awards tied to restricted stock units, acquiring 22,523 shares of Class A Common Stock at a stated price of $0.00 per share. This was a derivative exercise, not an open-market purchase or sale.
What are the terms of Ronald W. Hovsepian’s restricted stock units at Skillsoft (SKIL)?
Hovsepian holds 67,570 restricted stock units, each representing a contingent right to receive one share of Class A Common Stock. These units vest in four equal annual installments beginning May 1, 2026, subject to his remaining continuously employed through each vesting date.
How many restricted stock units does Ronald W. Hovsepian retain after this Skillsoft (SKIL) transaction?
Following the reported transaction, Ronald W. Hovsepian retains 67,570 restricted stock units. Each unit represents a right to receive one Skillsoft Class A Common share, vesting in four equal annual installments starting May 1, 2026, assuming continued employment through the vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
