Form 4: Perdoceo Education Corp. SVP, CIO Reports Significant Stock Sales and Option Exercise

Perdoceo Education Corp.'s Senior Vice President and Chief Information Officer, David C. Czeszewski, reported the exercise of stock options and subsequent sales of common stock totaling 30,892 shares, alongside an additional sale of 654 shares acquired through an employee plan, resulting in a net beneficial ownership of 92,129 shares.

Summary

• David C. Czeszewski, SVP, CIO of Perdoceo Education Corp. (PRDO), reported multiple transactions on June 13, 2025.
• He exercised 14,932 non-qualified stock options at an exercise price of $8.30 per share. These options were granted on March 6, 2017, and fully vested by March 14, 2021.
• Concurrently, he sold 14,932 shares of common stock at a weighted average price of $31.67 per share, likely to cover the exercise cost and taxes.
• Additionally, Mr. Czeszewski sold 15,306 shares of common stock at a weighted average price of $31.66 per share.
• He also sold 654 shares of common stock at $31.55 per share, which were acquired under the Issuer's Employee Stock Purchase Plan.
• Following these transactions, Mr. Czeszewski's direct beneficial ownership stands at 92,129 shares of common stock, which includes 39,041 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While there are significant insider sales, these appear to be part of a pre-planned Rule 10b5-1 transaction, often used for liquidity or tax planning, rather than a signal of negative company performance. The exercise of options also indicates the stock's value has appreciated significantly from the grant price.

Positives

• Exercise of 14,932 non-qualified stock options indicates the options were in-the-money, reflecting value creation for the executive.
• The exercise price of $8.30 is significantly lower than the sale prices, indicating a substantial gain on the exercised options.

Negatives

• Significant sales of common stock by a Senior Vice President and Chief Information Officer, totaling 30,892 shares (15,306 + 14,932 + 654), which could be interpreted as a reduction in direct exposure to the company's future performance.

Risks

• Insider selling, particularly by a senior executive, can sometimes be perceived by the market as a lack of confidence in the company's near-term prospects, potentially leading to negative investor sentiment.

Future Outlook

The document, an SEC Form 4, is a disclosure of insider stock transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The document includes a signature by David C. Czeszewski via Power of Attorney, Jeff Wigfield, but no specific management commentary or quotes beyond the transactional details.

Industry Context

This Form 4 filing details specific insider transactions for Perdoceo Education Corp. and does not provide broader industry context or trends. Insider trading disclosures are routine regulatory filings that reflect individual executive financial planning rather than industry-wide shifts.

Comparison to Industry Standards

• This document is a standard SEC Form 4 filing, which is a regulatory disclosure of insider transactions. It does not contain information that allows for a direct comparison of company performance or financial results against global benchmarks or specific comparable companies/projects. The reported stock prices ($31.50 $31.79 for sales, $8.30 for option exercise) are specific to PRDO's stock at the time of the transactions.

Stakeholder Impact

• Shareholders: The sale of shares by a senior executive could be perceived negatively, but if part of a 10b5-1 plan, it's a routine liquidity event. The reduction in direct ownership might slightly reduce the executive's direct alignment with future stock price appreciation, though significant ownership remains.

Next Steps

• The document does not specify any future actions, events, or milestones for the company or the reporting person beyond the completion of these transactions.

Key Dates

Keywords

Perdoceo Education Corp, PRDO, SEC Form 4, Insider Trading, Stock Sales, Option Exercise, David C. Czeszewski, SVP CIO, Employee Stock Purchase Plan, Restricted Stock Units, Beneficial Ownership