Restricted stock grant boosts Strategic Education (STRA) director stake

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WAITE G THOMAS III reported acquisition or exercise transactions in this Form 4 filing.

Strategic Education, Inc. director Waite G. Thomas III reported receiving an equity award of 1,436 shares of common stock. The grant is structured as restricted stock and carries a price of $0.00 per share, reflecting compensation rather than an open‑market purchase.

According to the disclosure, this restricted stock will vest in three equal annual installments beginning on April 22, 2027. After this award, Waite directly holds a total of 17,362 common shares of Strategic Education, aligning his compensation further with shareholder equity over a multi‑year period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WAITE G THOMAS III

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,436	$0.00	--

Holdings After Transaction: Common Stock — 17,362 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Restricted stock grant: 1,436 shares Grant price: $0.00 per share Holdings after transaction: 17,362 shares +1 more

4 metrics

Restricted stock grant 1,436 shares Award of common stock to director on April 22, 2026

Grant price $0.00 per share Restricted stock compensation, not open‑market purchase

Holdings after transaction 17,362 shares Director’s direct ownership following the grant

Vesting schedule 3 equal annual installments Restricted stock vests starting April 22, 2027

Key Terms

restricted stock, vest, Form 4, Grant, award, or other acquisition

4 terms

restricted stock financial

"Represents an award of restricted stock which will vest in three equal annual installments"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vest financial

"which will vest in three equal annual installments beginning April 22, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

04/24/2026 - 08:15 PM

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
Estimated average burden
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

VIRGINIA

20171

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/22/2026		A		1,436⁽¹⁾	A	$0	17,362	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an award of restricted stock which will vest in three equal annual installments beginning April 22, 2027.

	/s/ Daniel W. Jackson, Attorney-in-Fact	04/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Waite G. Thomas III report in this Form 4 for STRA?

He reported receiving an award of 1,436 shares of Strategic Education common stock. The shares are restricted stock granted as compensation, not purchased in the open market, and increase his direct holdings to 17,362 shares after the transaction.

Is the STRA Form 4 transaction a stock purchase or a grant?

The filing shows a grant of restricted stock, not a market purchase. Code “A” indicates a grant, award, or other acquisition, and the price is $0.00 per share, confirming it is compensation rather than an open‑market buy or sell transaction.

How will Waite G. Thomas III’s STRA restricted stock vest?

The 1,436 restricted shares will vest in three equal annual installments. Vesting begins on April 22, 2027, spreading the award over three years and tying the director’s realized compensation to Strategic Education’s long‑term share performance.

How many Strategic Education (STRA) shares does the director hold after this filing?

After the reported grant, Waite G. Thomas III directly holds 17,362 shares of Strategic Education common stock. This total reflects his position following the 1,436‑share restricted stock award disclosed in the Form 4 insider transaction report.

Does this STRA Form 4 indicate any stock sales by the director?

No stock sales are reported in this Form 4. The filing shows only an acquisition via restricted stock grant, with no sell transactions, tax‑withholding dispositions, or derivative exercises disclosed for Waite G. Thomas III in the provided data.