Form 4: Skillsoft Executive Apratim Purakayastha Reports Stock Transactions

Apratim Purakayastha, a Skillsoft Corp. executive, reported the acquisition and disposal of Class A Common Stock and Restricted Stock Units on June 11, 2024.

Summary

• On June 11, 2024, Apratim Purakayastha, GM, Enterprise Solutions, CPTO of Skillsoft Corp., reported transactions involving Class A Common Stock and Restricted Stock Units.
• Purakayastha acquired 1,612 shares of Class A Common Stock through the vesting of Restricted Stock Units.
• Simultaneously, 476 shares were disposed of to cover tax withholding obligations at a price of $10.54 per share.
• Following these transactions, Purakayastha directly owns 20,143 shares of Class A Common Stock.
• Purakayastha also directly owns 1,613 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation activities.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to receive and vest stock options or restricted stock units as part of their compensation, and subsequent sales to cover taxes are also common.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities and tax obligations.

Key Dates