[Form 4] Strategic Education, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Daniel W. Jackson, Chief Financial Officer and director of Strategic Education, Inc. (STRA), reported an open-market purchase of 1,900 shares of the issuer's common stock on 08/29/2025 at a price of $81.50 per share. Following this transaction, Mr. Jackson directly beneficially owns 104,136 shares. The reported total reflects an adjustment noting an aggregate of 59 shares added between 2023 and 2025 through automatic reinvestment of cash dividends by the reporting person's broker. The Form 4 was signed on 09/02/2025.

Positive

• Officer purchase: CFO Daniel W. Jackson acquired 1,900 shares on 08/29/2025 at $81.50, increasing his direct stake.
• Transparent reporting: Transaction disclosed on a signed Form 4, satisfying Section 16 reporting requirements.
• Dividend reinvestment noted: Ownership total includes an aggregate of 59 shares from automatic dividend reinvestment between 2023 and 2025.

Negative

• None.

Insights

Financial Analyst

TL;DR: An officer purchased 1,900 shares at $81.50, modest in size relative to typical institutional flows and not clearly material to valuation.

From a market-impact perspective, this Form 4 shows a routine open-market purchase by the CFO rather than a large, strategic acquisition. The transaction increases the officer's direct stake to 104,136 shares and includes a small adjustment of 59 shares from dividend reinvestment. Without transaction context such as total outstanding shares or prior trading patterns, the purchase is an incremental insider buy that may be interpreted as a mild alignment of interests but does not, on its face, constitute a material disclosure for investors.

Corporate Governance Expert

TL;DR: Insider buying by a senior executive is governance-positive in tone but the size appears routine and not materially transformative.

The filing documents a straightforward purchase by the CFO and confirms direct beneficial ownership and dividend reinvestment activity. The clear reporting and the manual signature comply with Section 16 requirements. Because the disclosure lacks linked transactions (e.g., grants, option exercises, or plan-based trades) and the additional shares from dividend reinvestment are minimal, this is a routine governance disclosure rather than an event suggesting a change in corporate control or compensation policy.

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^*

JACKSON DANIEL WAYNE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		P		1,900	A	$81.5	104,136(1)	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. The amount shown has been adjusted to reflect the addition of an aggregate of 59 shares purchased from time to time between 2023 and 2025 pursuant to the automatic reinvestment of issuer cash dividends by the Reporting Person's broker.

	/s/ Daniel W. Jackson	09/02/2025
	** 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 transaction did the STRA reporting person disclose?

The reporting person, Daniel W. Jackson, disclosed an open-market purchase of 1,900 shares of Strategic Education, Inc. common stock on 08/29/2025 at $81.50 per share.

How many shares does Daniel W. Jackson beneficially own after the reported transaction?

After the purchase, Mr. Jackson directly beneficially owns 104,136 shares.

Does the Form 4 show any derivative transactions or option exercises?

No. The filing reports a non-derivative open-market purchase of common stock and contains no derivative or option transactions.

Why does the ownership total include an adjustment of 59 shares?

The filing explains that 59 shares were added from automatic reinvestment of issuer cash dividends by the reporting person's broker between 2023 and 2025.

When was the Form 4 signed?

The Form 4 bears the reporting person's signature dated 09/02/2025.