HERRAIZ LIZETTE BENEDI 4
4 · Strategic Education, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Strategic Education (STRA) General Counsel Lizette Herraiz Sells Shares
What Happened
Lizette Herraiz, General Counsel of Strategic Education, Inc. (ticker: STRA), sold a total of 7,598 shares in open-market transactions on March 13, 2026, generating approximately $607,586 in proceeds. The sales were executed as two reported lots: 2,686 shares for $79.54 (≈ $213,644) and 4,912 shares for $80.20 (≈ $393,942). These were sales (not purchases), and were effected under a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date(s): March 13, 2026; Form filed March 16, 2026 (appears to be within the normal reporting window).
- Prices and values: 2,686 shares at a weighted avg $79.54 (range $78.97–$79.96); 4,912 shares at a weighted avg $80.20 (range $79.97–$80.47). Total proceeds ≈ $607,586.
- Shares owned after transaction: The filing excerpt provided does not state the total shares owned following these sales. Footnote notes holdings include 605 shares acquired via the company 401(k) and Employee Stock Purchase Plan.
- Footnotes of note: F1—sales were made under a Rule 10b5-1 plan adopted Dec 12, 2025; F2/F3—weighted-average pricing ranges for the two sale groups; F3—reporting person can provide per-price breakdown on request; F4—605 shares from 401(k)/ESPP included in holdings.
Context
Sales executed under a 10b5-1 plan are typically pre-planned transactions and are considered routine insider selling rather than an ad-hoc vote of confidence or concern. For retail investors, purchases by insiders often carry more informational weight than routine sales; this filing documents disposition of shares, not an accumulation.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-13$79.54/sh−2,686$213,644→ 63,474 total - Sale
Common Stock
[F1][F3][F4]2026-03-13$80.20/sh−4,912$393,942→ 58,562 total
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on December 12, 2025.
- [F2]Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $78.97 to $79.96, inclusive.
- [F3]Weighted average share price, as these shares were sold in multiple transactions at prices ranging from $79.97 to $80.47, inclusive. The reporting person undertakes to provide Strategic Education, Inc., any security holder of Strategic Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes of this Form 4.
- [F4]Includes 605 shares acquired through the Company's 401(k) and Employee Stock Purchase plans.