Restricted stock awards to Strategic Education (NASDAQ: STRA) director

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DINH VIET D reported acquisition or exercise transactions in this Form 4 filing.

Strategic Education, Inc. director Dinh Viet reported two stock-based compensation awards of common stock. One grant covers 957 restricted shares at $83.62 per share. A second grant of 1,436 restricted shares was issued in lieu of $80,000 in board cash retainer fees. Both awards are restricted stock that will vest in three equal annual installments beginning on April 22, 2027, aligning the director’s compensation more closely with long-term shareholder value.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider DINH VIET D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,436	$0.00	--
Grant/Award	Common Stock	957	$83.62	$80K

Holdings After Transaction: Common Stock — 23,953 shares (Direct, null)

Footnotes (1)

Represents an award of restricted stock which will vest in three equal annual installments beginning April 22, 2027. Represents an award of restricted stock issued to the reporting person in lieu of board cash retainer fees of $80,000. The award vests in three equal annual installments beginning April 22, 2027.

Key Figures

Restricted stock grant: 957 shares at $83.62 Equity in lieu of cash fees: 1,436 shares for $80,000 Cash retainer converted: $80,000 +2 more

5 metrics

Restricted stock grant 957 shares at $83.62 Equity award of common stock to director

Equity in lieu of cash fees 1,436 shares for $80,000 Restricted stock issued instead of board cash retainer

Cash retainer converted $80,000 Board cash retainer replaced with restricted stock

Vesting schedule start April 22, 2027 Both restricted stock awards begin vesting

Vesting term 3 annual installments Restricted stock vests in equal parts over three years

Key Terms

restricted stock, board cash retainer fees, vest in three equal annual installments, 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.

board cash retainer fees financial

"restricted stock issued to the reporting person in lieu of board cash retainer fees of $80,000"

vest in three equal annual installments financial

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

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 →

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^*

DINH VIET D

(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	23,953	D
Common Stock	04/22/2026		A		957⁽²⁾	A	$83.62	24,910	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.

2. Represents an award of restricted stock issued to the reporting person in lieu of board cash retainer fees of $80,000. The award vests 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 insider transaction did STRA director Dinh Viet report on this Form 4?

Director Dinh Viet reported receiving two stock-based compensation awards of Strategic Education common stock. These are grants of restricted shares, not open-market purchases or sales, and reflect compensation rather than a discretionary trading decision.

How many Strategic Education (STRA) shares were granted to the director?

The director received 957 restricted shares and a separate award of 1,436 restricted shares. Together, these stock-based compensation grants total 2,393 shares of Strategic Education common stock awarded on the same transaction date.

What is the value of the STRA restricted stock granted for cash retainer fees?

The filing states that 1,436 restricted shares were issued instead of $80,000 in board cash retainer fees. This converts part of the director’s normal cash compensation into equity directly tied to Strategic Education’s share performance.

When do the new STRA restricted stock awards start vesting?

Both restricted stock awards will vest in three equal annual installments beginning on April 22, 2027. This multi‑year vesting schedule encourages longer-term alignment between the director’s compensation and Strategic Education’s future performance.

Are these STRA Form 4 transactions open-market buys or sells?

No, the transactions are classified as grants or awards, not open-market buys or sells. They represent restricted stock issued as equity compensation and in lieu of cash fees, rather than trades executed on the stock market.