Form 4: Skillsoft Executive Apratim Purakayastha Reports Stock Transactions

Apratim Purakayastha, a Skillsoft Corp. executive, reported the vesting and subsequent tax withholding of Class A Common Stock and Restricted Stock Units on May 1, 2024.

Summary

• On May 1, 2024, Apratim Purakayastha, GM, Enterprise Solutions, CPTO of Skillsoft Corp., reported transactions involving Class A Common Stock and Restricted Stock Units.
• These transactions included the vesting of 9,375 and 2,419 Restricted Stock Units, which convert into Class A Common Stock.
• A portion of the vested shares (2,770 and 721 shares) were withheld by Skillsoft to cover tax obligations at a price of $7.47 per share.
• Following these transactions, Purakayastha directly owns 13,742 shares of Class A Common Stock and 2,419 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Coursera and Udemy also have executives who file similar forms when they have stock transactions.
• The details in this form are similar to those filed by executives at comparable companies, including information on stock options, restricted stock units, and share withholding for taxes.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
• Employees holding similar stock-based compensation may be interested in the vesting schedules and tax implications.

Key Dates