Strategic Education (STRA) director reports 700-share sale at $81.69

Rhea-AI Filing Summary

Strategic Education, Inc. (STRA) director Thomas G. Waite III reported an open-market sale of 700 shares on 08/26/2025 at a price of $81.69 per share. Following the sale he beneficially owns 15,926 shares, held directly. The Form 4 was filed as a single reporting person submission and the filing was signed by an attorney-in-fact, Daniel W. Jackson, on 08/26/2025. No derivative transactions or other securities classes are reported on this form.

Insights

Financial Analyst

TL;DR: A routine director sale of 700 shares at $81.69, leaving 15,926 shares outstanding for the insider; no derivatives reported.

The transaction is a straightforward disposition by a director rather than company-level news. The sale size (700 shares) appears modest relative to the remaining beneficial holding (15,926 shares). There are no accompanying derivative exercises or changes to ownership form disclosed, and the Form 4 indicates a single reporting person. Based solely on this filing, there is no evidence of broader corporate action or material change to the company’s capital structure.

Corporate Governance Expert

TL;DR: Director reporting a small open-market sale; filing was executed by an attorney-in-fact and contains no unusual disclosures.

The Form 4 documents an ordinary course sale by a director. The signature by an attorney-in-fact is properly indicated and dated. The filing does not show accelerated sales under a Rule 10b5-1 plan or any indirect holdings; ownership is reported as direct. From a governance and disclosure compliance perspective, the form provides the required information and contains no additional governance-related events.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WAITE G THOMAS III

(Last) (First) (Middle)

2303 DULLES STATION BLVD

(Street)

HERNDON VA 20171

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Strategic Education, Inc. [ STRA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/26/2025		S		700	D	$81.69	15,926	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Daniel W. Jackson, Attorney-in-Fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did STRA director Thomas G. Waite III report?

He reported the sale of 700 common shares on 08/26/2025 at a price of $81.69 per share.

How many STRA shares does the reporting person own after the transaction?

Following the reported sale, he beneficially owns 15,926 shares, held directly.

Were any derivative securities or option transactions disclosed in this Form 4 for STRA?

No. The filing contains no entries in Table II; no derivative securities were reported.

Was the Form 4 filed by more than one reporting person or signed by an agent?

The form was filed by one reporting person and was signed by an attorney-in-fact, Daniel W. Jackson, on 08/26/2025.

Does the Form 4 indicate the sale was made under a 10b5-1 plan?

The form does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan.