Form 4: Legacy Education Director Granted Stock Options

Legacy Education Inc. Director Zwade J. Marshall was granted options to purchase 29,354 shares of common stock at an exercise price of $9.51, vesting over three years.

Summary

• Zwade J. Marshall, a Director of Legacy Education Inc. (LGCY), was granted an option to purchase 29,354 shares of the Registrant's common stock.
• The grant occurred on October 16, 2025, under the Registrant's Amended and Restated 2021 Equity Incentive Plan.
• The exercise price for these options is $9.51 per share.
• The options will vest in equal monthly installments over a three-year period, with the first tranche vesting on the first month anniversary of the grant date.
• The options have an expiration date of October 16, 2035.
• Following this transaction, Zwade J. Marshall beneficially owns 29,354 derivative securities (options) directly.

Sentiment

Score: 6

Explanation: The grant of stock options to a director is generally viewed as a positive for aligning interests and incentivizing long-term performance, contributing to a slightly positive sentiment.

Positives

• The grant of stock options to a director aligns management's interests with those of shareholders, incentivizing long-term company performance.
• The transaction was made pursuant to an existing, approved equity incentive plan (Amended and Restated 2021 Equity Incentive Plan), indicating a structured approach to executive compensation.

Future Outlook

The options are structured to vest in equal monthly installments over a three-year period, beginning one month after the grant date. This vesting schedule is designed to incentivize the director's continued service and alignment with long-term shareholder value creation.

Industry Context

The grant of stock options to directors is a common practice in publicly traded companies across various industries. It serves as a key component of executive and director compensation, aiming to align the interests of leadership with those of shareholders by tying compensation to the company's stock performance.

Comparison to Industry Standards

• Equity grants, such as stock options, are a standard compensation tool for directors in publicly traded companies, aligning their long-term interests with shareholder value.
• The specific size of the grant (29,354 options) and the exercise price ($9.51) would typically be evaluated against peer companies' compensation structures and the company's own performance metrics, which are not detailed in this Form 4 filing.

Corporate Governance

Related Party Transactions

• Grant of 29,354 stock options to Zwade J. Marshall, a Director of Legacy Education Inc., under the company's Amended and Restated 2021 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: The grant aims to align the director's financial interests with long-term shareholder value creation, potentially leading to more focused strategic decisions.
• Management/Employees: Reflects the company's compensation strategy, which may influence morale and retention of key personnel.

Next Steps

• The options will begin vesting in equal monthly installments starting one month after the grant date (November 16, 2025) and continue for three years.
• The director may choose to exercise vested options at any point before the expiration date of October 16, 2035.

Key Dates

Keywords

LGCY, Legacy Education Inc., Stock Options, Equity Grant, Insider Transaction, Director Compensation, Form 4, SEC Filing