Strategic Education (STRA) director sells 666 shares in open market

Rhea-AI Filing Summary

Strategic Education, Inc. director G. Thomas Waite III executed an open-market sale of 666 shares of Common Stock at $77.68 per share. Following this transaction, he directly holds 16,696 shares of the company’s common stock.

Insider Trade Summary

Net Seller: 666 shares ($51,735)

Net Sell 1 txn

Insider WAITE G THOMAS III

Role null

Sold 666 shs ($52K)

Type	Security	Shares	Price	Value
Sale	Common Stock	666	$77.68	$52K

Holdings After Transaction: Common Stock — 16,696 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 666 shares Sale price: $77.68 per share Shares owned after transaction: 16,696 shares +1 more

4 metrics

Shares sold 666 shares Open-market sale of Common Stock

Sale price $77.68 per share Price for Common Stock sale

Shares owned after transaction 16,696 shares Director’s direct holdings post-sale

Net buy/sell shares -666 shares Net effect of reported transactions

Key Terms

open-market sale, Common Stock, Form 4

3 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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.

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^*

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)
05/05/2026

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	05/05/2026		S		666	D	$77.68	16,696	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	05/05/2026
	** 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 insider transaction did STRA director G. Thomas Waite III report?

Director G. Thomas Waite III reported an open-market sale of 666 shares of Strategic Education, Inc. common stock. The transaction was recorded as a non-derivative sale under code "S" on the insider reporting form.

At what price were the Strategic Education (STRA) shares sold?

The 666 Strategic Education, Inc. shares were sold at an average price of $77.68 per share. This reflects an open-market transaction as reported in the Form 4 insider trading disclosure for Common Stock.

How many STRA shares does G. Thomas Waite III own after the sale?

After selling 666 shares, G. Thomas Waite III directly owns 16,696 shares of Strategic Education, Inc. common stock. This post-transaction holding is reported as his direct ownership position following the open-market sale.

What does transaction code "S" mean in the STRA Form 4 filing?

Transaction code "S" in this Form 4 indicates a sale of common stock in the open market or a private transaction. For Strategic Education, Inc., it shows the director’s 666-share sale at $77.68 per share.

Was the STRA insider transaction in derivative or non-derivative securities?

The reported transaction involved non-derivative securities, specifically Strategic Education, Inc. Common Stock. No derivative securities, such as options or warrants, were listed in the transaction data or remaining derivative holdings summary.