Inclusive Capital Partners Amends Strategic Education Stake
Ticker: STRA · Form: SC 13D/A · Filed: 2024-05-24T00:00:00.000Z
Sentiment: neutral
Topics: 13D-filing, ownership-change, activist-investor
Related Tickers: STRA
TL;DR
Inclusive Capital Partners just updated their 13D for Strategic Education - big changes likely.
AI Summary
Inclusive Capital Partners, L.P. has filed an amendment (No. 4) to its Schedule 13D for Strategic Education, Inc. on May 24, 2024. The filing indicates a change in beneficial ownership, with Inclusive Capital Partners, L.P. now holding a significant stake in the company. The specific percentage and number of shares are detailed within the full filing.
Why It Matters
This filing signals a potential shift in influence or strategy for Strategic Education, Inc. as a significant investor updates its holdings.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant investors can lead to increased volatility and potential strategic shifts.
Key Players & Entities
- Inclusive Capital Partners, L.P. (company) — Filing entity
- Strategic Education, Inc. (company) — Subject company
- Philippe B. Pradel (person) — Authorized contact for Inclusive Capital Partners
- Eleazer Klein, Esq. (person) — Legal counsel
- Adriana Schwartz, Esq. (person) — Legal counsel
- Schulte Roth & Zabel LLP (company) — Legal counsel
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 4?
The filing is an amendment to a Schedule 13D, indicating changes in beneficial ownership. Specific details on the number of shares and percentage owned are within the full document.
When was this amendment filed with the SEC?
This amendment was filed on May 24, 2024.
Who is the subject company of this filing?
The subject company is Strategic Education, Inc.
Which entity is filing this amendment?
Inclusive Capital Partners, L.P. is filing this amendment.
What is the CUSIP number for Strategic Education, Inc. common stock?
The CUSIP number for Strategic Education, Inc. common stock is 86272C103.
Filing Stats: 970 words · 4 min read · ~3 pages · Grade level 9.4 · Accepted 2024-05-24 20:00:47
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
- $112.60 — .P. Morgan Securities LLC at a price of $112.60 per Share. Other than as disclosed here
Filing Documents
- p24-1942sc13da.htm (SC 13D/A) — 43KB
- 0000902664-24-003873.txt ( ) — 44KB
of Amendment No. 4 is hereby amended and restated in its entirety as follows
Item 6 of Amendment No. 4 is hereby amended and restated in its entirety as follows: Mr. Slocum holds a total of 5,677 vested and unvested restricted stock units in consideration for his service on the board of directors of the Issuer. Mr. Slocum is deemed to hold the restricted stock units for the benefit of the In-Cap Funds and indirectly for the benefit of In-Cap, and may, after vesting, if applicable, transfer the Shares directly to the In-Cap Funds.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: May 24, 2024 Inclusive Capital Partners, L.P. By: /s/ Philippe B. Pradel Name: Philippe B. Pradel Title: Chief Compliance Officer /s/ Jeffrey W. Ubben JEFFREY W. UBBEN