Form 4: Skillsoft Director Patrick Kolek Reports Stock Transactions

Director Patrick Kolek reports transactions involving restricted stock units and phantom stock of Skillsoft Corp.

Summary

• On July 18, 2024, Patrick Kolek, a director of Skillsoft Corp., reported transactions involving derivative securities.
• These transactions involved the vesting of 3,750 restricted stock units and 3,750 phantom stock units, each representing a contingent right to receive one share of Class A common stock.
• The reported transactions did not involve any purchase or sale of securities, and the price of both derivative securities was $0.
• The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
• All amounts of securities reported in this Form 4 reflect a 1-for-20 reverse stock split that became effective September 29, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The vesting of restricted stock units is subject to the Reporting Person's continued service.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their holdings and transactions in the company's stock.

Key Dates