Srini Medi, Chief Legal Officer and Secretary of Phoenix Education Partners, Inc. (NYSE:PXED), filed a Form 4 on August 27, 2026, disclosing two transactions in the company's common stock dated August 25, 2026.

Key Highlights

  • Option exercise: Medi acquired 60,052 shares of common stock (par value $0.01 per share) at a price of $11.04 per share on August 25, 2026, via transaction code M.
  • Share disposition: 33,190 shares were disposed of at $28.74 per share on August 25, 2026, via transaction code F.
  • Remaining ownership: Following both transactions, Medi directly beneficially owned 73,734 shares of common stock, according to the filing.
  • Expiring options: The filing states the stock options were exercised because they were scheduled to expire before certain transfer restrictions on the issuer's common stock lapse.
  • Transfer restrictions: According to the filing, Medi remains subject to restrictions on transfer of the issuer's common stock, which are set to expire on October 8, 2026.
  • No shares sold: The filing states that "No shares of the Issuer's common stock were sold by the Reporting Person in connection with this transaction."

Stock Option Exercise Under University Equity Plan at Phoenix Education Partners

According to the filing, the 60,052 stock options exercised by Medi were originally granted under The University of Phoenix, Inc. Management Equity Plan, referred to in the filing as the "University Equity Plan." The options carried an exercise price of $11.04 per share and had been set to expire on August 31, 2026, with an exercisable date listed as October 9, 2025. The filing explains that Medi exercised the options because they were scheduled to expire before the expiration of certain transfer restrictions previously disclosed in connection with the issuer's initial public offering.

Phoenix Education Partners, Inc. is the issuer of the common stock involved in these transactions, with shares listed on the NYSE under the ticker PXED. The company's registered address, as shown in the filing, is 4035 S. Riverpoint Parkway, Phoenix, Arizona 85040. Following the acquisition of 60,052 shares through the option exercise (transaction code M) and the separate disposition of 33,190 shares at $28.74 per share (transaction code F), the filing reports Medi's direct beneficial ownership stands at 73,734 shares. Following the option exercise, Medi holds zero remaining employee stock options under the derivative securities table.

The Form 4 was signed on August 27, 2026, by Blair Westblom as attorney-in-fact for Srini Medi. The filing does not indicate that a Rule 10b5-1(c) trading plan was in place for these transactions, and no amendment date is listed, indicating this is an original filing.

What Was Disclosed

The filing reports two non-derivative transactions in Phoenix Education Partners common stock by Chief Legal Officer Srini Medi on August 25, 2026: an acquisition of 60,052 shares via option exercise at $11.04 and a disposition of 33,190 shares at $28.74, leaving 73,734 shares directly owned.