Welcome to our dedicated page for Strategic Education SEC filings (Ticker: STRA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Strategic Education, Inc. filings document the regulatory record of an education-services company with common stock listed on the Nasdaq Global Select Market. Form 8-K reports primarily furnish operating results and financial condition updates, including segment commentary for Education Technology Services, U.S. Higher Education, Australia/New Zealand, and related platforms such as Sophia Learning.
Proxy materials describe annual meeting procedures, director elections, auditor ratification, advisory executive compensation votes, board practices, compensation disclosures, and selected financial information. The filings also identify the company’s registered common stock, public-company governance framework, and recurring disclosure obligations.
Strategic Education, Inc. reported that General Counsel Lizette Benedi Herraiz had two equity-related transactions in common stock. On February 26, 2026, she acquired 13,162 shares at $0.0000 per share as a grant or award. Footnotes state these shares are restricted and will vest on February 26, 2030, subject to specified performance criteria.
On February 24, 2026, 8,724 shares were disposed of at $74.91 per share in a tax-withholding transaction related to performance-based restricted shares that vested the same day, rather than an open-market sale. Following these transactions, her directly held common stock includes shares acquired through the company’s 401(k) and employee stock purchase plans.
Strategic Education, Inc. director and chief executive officer Raymond Karl McDonnell reported multiple transactions in the company’s common stock. On February 24, 2026, he disposed of 28,293 shares to cover taxes on performance-based restricted shares that vested that day, and sold an additional 18,052 shares and 20,788 shares in open-market transactions under a pre-established Rule 10b5-1 trading plan at weighted-average prices within disclosed ranges around the mid‑$70s per share. After these sales and tax-withholding dispositions, he directly held 106,332 shares. On February 26, 2026, he received a grant of 52,646 restricted shares at no cost, which will vest on February 26, 2030 if specified performance criteria are met, bringing his direct holdings to 158,978 shares of common stock.
Strategic Education, Inc. reported that Chief Human Resources Officer Christa Hokenson received a grant of 13,162 shares of common stock at a stated price of $0.00 per share. According to the filing, these shares are restricted and will vest on February 26, 2030, subject to specified performance criteria.
The filing also shows a separate disposition of 6,722 common shares at $74.91 per share that were withheld to cover taxes on performance-based restricted shares that vested on February 24, 2026. After these transactions, Hokenson directly held 54,033 common shares, with 13,162 of them subject to future vesting conditions.
Strategic Education, Inc. chief accounting officer Tal Darmon reported two stock transactions involving common shares. On February 26, 2026, Darmon acquired 4,607 restricted shares as a grant, which will vest on February 26, 2030. On February 24, 2026, 4,784 shares were withheld to cover taxes on vested restricted stock, a disposition for tax withholding rather than an open-market sale.
Strategic Education, Inc. director and chairman Robert S. Silberman reported equity compensation and related tax withholding in company stock. He received a grant of 52,646 shares of restricted Common Stock, which will vest on February 26, 2030 subject to performance criteria. Separately, 28,260 shares were withheld to cover taxes on performance-based restricted shares that vested on February 24, 2026. Following these transactions, he directly holds 319,152 shares of Common Stock, including 851 shares acquired under the company’s 401(k) plan.
Strategic Education, Inc. chief financial officer Daniel Wayne Jackson reported two stock transactions involving the company’s common stock. On February 26, 2026, he acquired 26,323 restricted shares at a price of $0.00 per share as a grant or award. According to the disclosure, these shares are restricted and will vest on February 26, 2030, subject to specified performance criteria, so he does not fully own them yet.
On February 24, 2026, 17,363 shares were disposed of at $74.91 per share to cover tax obligations related to performance-based restricted shares that vested on that date. This was a tax-withholding disposition rather than an open-market sale. After these transactions, his directly held common stock positions were updated as reported in the filing.
Strategic Education, Inc. reported stronger results for 2025, with revenue rising 4.0% to $1,268.2 million, led by Education Technology Services. Net income increased to $126.6 million, and diluted EPS grew to $5.41, while adjusted diluted EPS on a constant currency basis reached $6.21.
Fourth-quarter revenue rose 3.8% to $323.2 million and net income climbed to $37.9 million, with operating margins improving as technology and AI-enabled productivity initiatives supported 35% operating income growth. ETS revenue grew 28.3% in the quarter to $39.1 million, and Sophia Learning revenue increased 40.8% to $18.0 million as subscribers rose about 47%.
U.S. Higher Education revenue increased modestly despite a 4.0% enrollment decline, helped by higher revenue per student and growing employer-affiliated and healthcare enrollment. Australia/New Zealand saw slightly lower revenue and enrollment but higher margins. The company ended 2025 with $153.1 million in cash, generated $153.9 million in free cash flow, repurchased 1.7 million shares for $138.9 million, and declared a $0.60 quarterly dividend.
Marshfield Associates Inc reported its beneficial ownership of STRATEGIC EDUCATION INC common stock in an updated Schedule 13G filing. Marshfield holds 1,478,522 shares, representing 6.29% of the company’s outstanding common stock. It has sole voting power over 1,096,519 shares and sole dispositive power over 1,478,522 shares.
The firm states that the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company. The certification is signed by Brian Walker, General Counsel and Chief Compliance Officer of Marshfield Associates Inc.
Strategic Education, Inc. received a Schedule 13G reporting that Bank of Montreal and related entities beneficially own 1,476,841 shares of its common stock, representing 6.28% of the class as of 12/31/2025.
The filing lists Bank of Montreal, Bank of Montreal Holding Inc., several BMO investment subsidiaries, and Burgundy Asset Management, Inc. The reporting persons state the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Strategic Education.