Diane L. Thompson - May 31, 2021 Form 4 Insider Report for Zovio Inc (ZVO)

Role
EVP, Gen. Counsel & Secretary, Office of the CEO
Signature
/s/ Diane L. Thompson
Stock symbol
ZVO
Transactions as of
May 31, 2021
Transactions value $
$0
Form type
4
Date filed
6/2/2021, 09:25 PM
Next filing
Oct 8, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZVO Restricted Stock Unit Award $0 +29K $0.00 29K May 31, 2021 Common Stock 29K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F2 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2021.

Remarks:

EVP, Gen. Counsel & Secretary, Office of the CEO