Form 4: Stride Inc. CFO Donna Blackman Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Donna Blackman, CFO of Stride, Inc., reports the withholding of 1,674 common stock shares to cover tax obligations upon vesting of restricted shares on February 12, 2025.
Summary
- On February 12, 2025, Donna Blackman, the Chief Financial Officer of Stride, Inc. (LRN), had 1,674 shares of common stock withheld by the issuer.
- This withholding was to cover the executive's tax obligations associated with the vesting of restricted shares.
- The price per share for the withholding was $140.47.
- Following this transaction, Blackman directly owns 83,189 shares of Stride, Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (share withholding for tax purposes), which is neither particularly positive nor negative. It's a standard part of executive compensation and compliance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine administrative action related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of the transaction: Share withholding for tax obligations. |
| 02/13/2025 | Date of signature by Attorney-in-fact. |
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