Perdoceo Education (NASDAQ: PRDO) CEO sells 84,387 pre-planned shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perdoceo Education Corp President and CEO Todd S. Nelson reported open-market sales of 84,387 shares of common stock over three consecutive days. He sold 40,000 shares at $35.24 on March 23, 2026, 40,000 shares at $36.48 on March 24, 2026, and 4,387 shares at $36.65 on March 25, 2026.
The filing states these transactions were executed under a Rule 10b5-1 trading plan adopted on May 29, 2025, indicating they were pre-arranged rather than discretionary trades. Following the sales, Nelson directly owned 347,981 shares, which the filing notes includes 297,899 unvested restricted stock units that each represent the right to receive one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 84,387 shares ($3,029,584)
Net Sell
3 txns
Insider
NELSON TODD S
Role
President and CEO
Sold
84,387 shs ($3.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,387 | $36.65 | $161K |
| Sale | Common Stock | 40,000 | $36.48 | $1.46M |
| Sale | Common Stock | 40,000 | $35.24 | $1.41M |
Holdings After Transaction:
Common Stock — 347,981 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2025. This transaction was executed in multiple trades at prices ranging from $34.51 to $35.63. This price reported in Column 4 reflects the weighted average sale prices. The Reporting Person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction were effected. This transaction was executed in multiple trades at prices ranging from $35.48 to $36.97. This price reported in Column 4 reflects the weighted average sale prices. The Reporting Person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction were effected. This transaction was executed in multiple trades at prices ranging from $36.32 to $36.93. This price reported in Column 4 reflects the weighted average sale prices. The Reporting Person hereby undertakes to provide, upon written request, to the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction were effected. Includes 297,899 unvested restricted stock units granted pursuant to Issuer's 2016 Incentive Compensation Plan, with each unit representing the contingent right to receive one share of Issuer's common stock.
FAQ
What insider transactions did PRDO’s CEO report in this Form 4?
Perdoceo’s CEO reported selling 84,387 PRDO shares. He sold 40,000 shares at $35.24, 40,000 at $36.48, and 4,387 at $36.65 in open-market transactions over three days.
Were the recent PRDO insider stock sales by the CEO pre-planned?
Yes. The CEO’s PRDO share sales were made under a Rule 10b5-1 plan. The filing states the trades followed a pre-arranged trading plan adopted on May 29, 2025, indicating they were scheduled in advance.
Do the CEO’s PRDO holdings include unvested restricted stock units?
Yes. The reported PRDO holdings include unvested RSUs. A footnote specifies that 297,899 of the reported shares are unvested restricted stock units granted under Perdoceo’s 2016 Incentive Compensation Plan.