Jun. 17 at 8:06 PM
Skillsoft shares moved higher Wednesday after director Jim Frankola disclosed significant insider purchases, signaling confidence in the company's outlook.
According to SEC filings, Frankola purchased a total of 50,000 Class A common shares in two transactions on June 12 and June 15. He acquired 23,000 shares at a weighted-average price of
$6.06 and another 27,000 shares at a weighted-average price of
$6.05. Following the purchases, his direct ownership increased to 95,306 shares.
Separately, Skillsoft disclosed that Chief Financial Officer Ronald W. Kisling received 75,000 restricted stock units on June 12. The award will vest in four equal annual installments beginning June 1, 2027, subject to continued employment. Each restricted stock unit represents the right to receive one Class A common share upon vesting.
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