Strategic Education (STRA) general counsel sells 2,982 shares under plan

Rhea-AI Filing Summary

Strategic Education, Inc. reported that its General Counsel, Lizette Benedi Herraiz, sold 2,982 shares of common stock in an open‑market transaction at a weighted average price of $79.88 per share on March 18, 2026, under a pre‑arranged Rule 10b5‑1 trading plan.

Following this sale, she directly holds 55,580 shares of common stock, which includes 605 shares acquired through the company’s 401(k) and Employee Stock Purchase plans. The sale was executed in multiple trades at prices between $79.36 and $80.30 per share.

Insider Trade Summary 10b5-1

Net Seller: 2,982 shares ($238,202)

Net Sell 1 txn

Insider HERRAIZ LIZETTE BENEDI

Role GENERAL COUNSEL

Sold 2,982 shs ($238K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,982	$79.88	$238K

Holdings After Transaction: Common Stock — 55,580 shares (Direct)

Footnotes (1)

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on December 12, 2025. Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $79.36 to $80.30, inclusive. The reporting person undertakes to provide Strategic Education, Inc., any security holder of Strategic Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes of this Form 4. Includes 605 shares acquired through the Company's 401(k) and Employee Stock Purchase plans.

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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).

X

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^*

HERRAIZ LIZETTE BENEDI

(Last) (First) (Middle)

2303 DULLES STATION BLVD

(Street)

HERDON 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		S(1)		2,982	D	$79.88(2)	55,580(3)	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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on December 12, 2025.

2. Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $79.36 to $80.30, inclusive. The reporting person undertakes to provide Strategic Education, Inc., any security holder of Strategic Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes of this Form 4.

3. Includes 605 shares acquired through the Company's 401(k) and Employee Stock Purchase plans.

	/s/ Daniel W. Jackson, Attorney-in-Fact	03/20/2026
	** 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’s general counsel report on this Form 4?

Strategic Education’s General Counsel, Lizette Benedi Herraiz, reported selling 2,982 shares of common stock. The open‑market sale occurred at a weighted average price of $79.88 per share, with individual trades executed between $79.36 and $80.30.

How many STRA shares does the reporting person hold after the reported sale?

After the transaction, the reporting person directly holds 55,580 shares of Strategic Education common stock. This total includes 605 shares obtained through the company’s 401(k) and Employee Stock Purchase plans, as disclosed in the filing footnotes.

Was the STRA insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states the sales were effected under a Rule 10b5‑1 trading plan adopted on December 12, 2025. Such plans pre‑schedule trades, indicating the timing was set in advance rather than decided at the moment of sale.

What price range applied to the STRA shares sold in this insider transaction?

The 2,982 shares were sold at prices ranging from $79.36 to $80.30 per share. The reported $79.88 figure is a weighted average, reflecting multiple trades within that disclosed price band during the transaction date.

What role does the reporting person hold at Strategic Education (STRA)?

The reporting person, Lizette Benedi Herraiz, serves as General Counsel at Strategic Education. As an officer, her transactions in company stock must be reported on Form 4, providing transparency into her trading activity and resulting share ownership.