Form 4: Laureate Education COO Marcelo Cardoso Sells Shares to Cover Taxes

Marcelo Cardoso, COO of Laureate Education, sold 6,942 shares of common stock on March 3, 2025, to cover taxes related to previous vesting of restricted stock units.

Summary

• Marcelo Cardoso, the Chief Operating Officer of Laureate Education, Inc., reported a transaction involving the company's common stock.
• On March 3, 2025, Cardoso sold 6,942 shares at a price of $19.94 per share.
• This sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 6, 2024.
• The purpose of the sale was to cover taxes paid with respect to previous vesting of restricted stock unit awards at year-end 2024.
• Following the transaction, Cardoso still beneficially owns 401,991 shares of Laureate Education, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It's neutral in sentiment as it simply discloses a transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale by a company executive could have a minor impact on shareholder confidence, but the use of a pre-arranged trading plan mitigates concerns about insider trading.

Key Dates