Director at Strategic Education (STRA) awarded 1,436 restricted shares

Rhea-AI Filing Summary

Cappelli Gregory William reported acquisition or exercise transactions in this Form 4 filing.

Strategic Education, Inc. director Gregory William Cappelli received a grant of 1,436 shares of Common Stock as an award of restricted stock. These shares will vest in three equal annual installments beginning April 22, 2027. After this grant, Cappelli holds 2,934 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cappelli Gregory William

Role null

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

Holdings After Transaction: Common Stock — 2,934 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock granted: 1,436 shares Holdings after transaction: 2,934 shares Vesting schedule: Three equal annual installments +1 more

4 metrics

Restricted stock granted 1,436 shares Award of common stock to director Gregory William Cappelli

Holdings after transaction 2,934 shares Direct ownership following restricted stock award

Vesting schedule Three equal annual installments Vesting begins April 22, 2027 for restricted stock award

Grant price per share $0.00 per share Compensation award, not an open-market purchase

Key Terms

restricted stock, Common Stock, Grant, award, or other acquisition, Form 4

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.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

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

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Cappelli Gregory William

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/22/2026		A		1,436(1)	A	$0	2,934	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:

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)

FAQ

What did Gregory Cappelli report in the latest STRA Form 4 filing?

Gregory William Cappelli reported receiving 1,436 shares of Strategic Education common stock as a restricted stock award. The grant increased his direct holdings to 2,934 shares after the transaction, reflecting compensation rather than an open-market purchase or sale.

How many Strategic Education (STRA) shares did Cappelli receive in this award?

Cappelli received 1,436 shares of Strategic Education common stock as a restricted stock award. This grant is recorded at a price of $0.00 per share, indicating it is compensation-based rather than a market transaction, and is categorized as a grant or award acquisition.

When will Gregory Cappelli’s new STRA restricted shares vest?

The 1,436 restricted shares awarded to Cappelli will vest in three equal annual installments. Vesting begins on April 22, 2027, meaning one-third of the award vests each year over a three-year period, subject to the award’s standard conditions and continued service.

What are Gregory Cappelli’s Strategic Education share holdings after this Form 4?

Following the restricted stock grant, Cappelli directly holds 2,934 shares of Strategic Education common stock. This total includes the 1,436-share award reported in the filing and is listed as direct ownership, reflecting his position as a director of the company.

Was the STRA transaction a market buy or sell by Gregory Cappelli?

The transaction was not a market buy or sell; it was a grant of restricted stock. The Form 4 classifies the event under transaction code A, described as a grant, award, or other acquisition, with a transaction price per share of $0.00 as compensation.