T. Rowe Price discloses 808,470 shares in Strategic Education (STRA)

Rhea-AI Filing Summary

Strategic Education Inc Schedule 13G/A shows T. Rowe Price Investment Management, Inc. reports beneficial ownership of 808,470 shares of common stock, representing 3.6% of the class. The filing lists sole voting power of 802,481 shares and sole dispositive power of 808,470 shares. The filing is signed by Ellen York, Vice President, dated 05/15/2026.

Insights

Institutional Ownership Analyst

T. Rowe Price reports a passive 3.6% stake in Strategic Education.

The filing is a Schedule 13G/A amendment that discloses 808,470 shares beneficially owned and records voting and dispositive powers. The filer also includes a standard disclaimer denying beneficial ownership.

Such filings commonly document passive institutional positions; filings should be watched in subsequent amendments for material changes in percentage or voting control.

Key Figures

Beneficial ownership: 808,470 shares Percent of class: 3.6% Sole voting power: 802,481 shares +2 more

5 metrics

Beneficial ownership 808,470 shares Schedule 13G/A reported amount

Percent of class 3.6% Percent of class reported in Item 4

Sole voting power 802,481 shares Item 4(i) voting power

Sole dispositive power 808,470 shares Item 4(iii) dispositive power

Signature date 05/15/2026 Signature by Ellen York, Vice President

Key Terms

Schedule 13G/A, Beneficially owned, Sole Dispositive Power

3 terms

Schedule 13G/A regulatory

"Schedule 13G/A (Amendment No. 5 )"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned regulatory

"Amount beneficially owned: 808470"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

"Sole power to dispose or to direct the disposition of: 808470"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

STRATEGIC EDUCATION INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

86272C103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 86272C103

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 802,481.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 808,470.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

808,470.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: STRATEGIC EDUCATION INC
(b)	Address of issuer's principal executive offices: 2303 DULLES STATION BOULEVARD, HERNDON, VA, 20171
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 86272C103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 808470
(b)	Percent of class: 3.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 802481
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 808470
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026

FAQ

What stake does T. Rowe Price report in STRA?

T. Rowe Price reports beneficial ownership of 808,470 shares of STRA common stock, representing 3.6% of the class. The filing is an amended Schedule 13G/A reflecting that position as disclosed in the excerpt.

How much voting and dispositive power does T. Rowe Price report for STRA?

The filing states sole voting power for 802,481 shares and sole dispositive power for 808,470 shares. Shared voting and dispositive powers are reported as 0 in the provided excerpt.

Who filed the Schedule 13G/A for STRA and when was it signed?

The amendment was filed by T. Rowe Price Investment Management, Inc. and is signed by Ellen York, Vice President. The signature date shown in the excerpt is 05/15/2026.

Does the filer claim beneficial ownership of STRA shares?

The excerpt includes a clause where T. Rowe Price Investment Management, Inc. states the filing "shall not be construed as an admission" of beneficial ownership and expressly denies such beneficial ownership in the declaration.