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In August and September 2020, we issued an aggregate of $420,000,000 principal amount of our 1.125% convertible senior notes due 2027, which we refer to as our “convertible notes.” The convertible notes are convertible in certain circumstances into consideration that consists, at our election, of shares of our common stock, cash or a combination of cash and shares of our common stock. As permitted by the indenture governing the notes, we have irrevocably elected that all future conversions of the notes will be settled pursuant to combination settlement. Generally, under this settlement method, the conversion value will be settled in cash up to the principal amount being converted, and any excess of the conversion value over the principal amount will be settled, at our election, in cash or shares of our common stock.

Stride trades on the NYSE under the symbol LRN. Copyright © 2020 Stride, Inc. All rights reserved. The Stride word mark, logo and other marks referenced herein are trademarks of Stride, Inc. and its subsidiaries, and other company names and trademarks are the property of their respective owners.

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