LAUREATE EDUCATION, INC.
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
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Item 5. Other Information
Rule 10b5-1 Trading Arrangements
Except as set forth below, during the three months ended June 30, 2025, none of the Company's directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended)adopted, terminated or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933, as amended).
On May 14, 2025, Marcelo Cardoso, the Company's Executive Vice President and Chief Operating Officer, adopted a trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. Mr. Cardoso's trading plan provides for the potential sale of up to approximately 13,845 shares, to satisfy tax withholding obligations incurred in connection with the vesting of (i) 23,794 restricted stock units on December 31, 2025, and (ii) subject to the achievement of performance targets for year-end 2025, up to 26,550 performance share units on March 15, 2026. Such plan terminates on March 31, 2026, subject to early termination for certain specified events set forth in the plan.
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