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PRDOPerdoceo Education Corp · Insider ownership research

Perdoceo Education Corp insiders sold $16.2M in the past 12 months. How much of their stake is that?

78% was sold under disclosed trading plans, 1% to cover taxes, 22% with no plan disclosed. The largest seller, Todd Nelson (President and CEO, Director), sold $9.9M. 12% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$3.5M
sold with no plan disclosed, past 12 months
78%
of sales were under disclosed trading plans, past 12 months
10 of 17
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 10 insiders sold; the average is 9 a year. Year by year
Latest filing: Filed Sep 17 for a sale on Sep 15. Todd Nelson sold 46K shares ($1.5M) under a disclosed plan. Filing
SEC ownership filings: 40 filed in the 12 months to Oct 16, 2026; 1,003 on record since Dec 15, 1999 · See the evidence

What stands out

David Czeszewski sold $1.2M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Feb 25, 2026

A share of stake is shown for 0 of the 10 officers and directors who sold. 17 are left out

i
Left out: Todd Nelson, Dennis Chookaszian, Patrick Gross, David Czeszewski, Leslie Thornton, Gregory Jackson, Ashish Ghia, Kenda Gonzales, William Hansen, Alan Wheat, Greg Jansen, Michele Peppers, Julia Leeman, John Kline, Elise Baskel, Sunitha Araamudhu and Hanna Skandera (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Todd Nelson
President and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$9.9MDisclosed plan
Ashish Ghia
CFO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.6MDisclosed plan
David Czeszewski
SVP, CIO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.2MNo plan disclosed
Greg Jansen
SVP, General Counsel
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.1MDisclosed plan
Leslie Thornton
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$747KNo plan disclosed
All 10 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDec 2025: $3.5M under a disclosed planDecJanFeb 2026: $1.2M no plan disclosedFebMar 2026: $6.4M under a disclosed planMar 2026: $747K no plan disclosed$7.1MMarApr 2026: $1.1M under a disclosed planAprMay 2026: $128K to cover taxesMay 2026: $885K no plan disclosedMayJun 2026: $324K no plan disclosedJunJulAug 2026: $358K no plan disclosedAugSep 2026: $1.5M under a disclosed planSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 15, 2026Todd Nelson sold 46K shares ($1.5M) under a disclosed trading plan.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Todd Nelson
President and CEO, Director
46,199$32.89n/an/aSep 15, 2026Sep 17, 2026

Common questions

Is the Perdoceo Education Corp CEO selling stock?

Yes. Todd Nelson sold 302K shares ($9.9M) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Perdoceo Education Corp insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 78% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 0.8% were to cover taxes and 22% had no disclosed plan. A trading plan schedules sales in advance.

Are any Perdoceo Education Corp insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold10 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Todd Nelson
President and CEO, Director
$9.9M
302K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Ashish Ghia
CFO
$1.6M
44K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
David Czeszewski
SVP, CIO
$1.2M
36K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Greg Jansen
SVP, General Counsel
$1.1M
30K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Leslie Thornton
Director
$747K
21K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Michele Peppers
Principal Accounting Officer
$483K
14K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Julia Leeman
SVP - Campus Operations
$402K
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Gregory Jackson
Director
$358K
11K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Kenda Gonzales
Director
$324K
9.3K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Patrick Gross
Director
$128K
3.6K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
The full ownership picture0 of 17 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Todd Nelson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Todd Nelson are complete.
President and CEO, Director
n/a−302Kn/an/a
Vesting, gifts, unvested awards and holding lines for Todd Nelson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Todd Nelson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−92Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
12,472$13.80Mar 6, 2028$238K

Estimate: options held × ($32.89 − strike price), using the most recent insider trade price on Form 4 (Sep 15, 2026), not a market close.

Dennis Chookaszian
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Dennis Chookaszian are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Dennis Chookaszian

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Dennis Chookaszian are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Patrick Gross
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Patrick Gross are complete.
Director
n/a−3.6Kn/an/a
Vesting, gifts, unvested awards and holding lines for Patrick Gross

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Patrick Gross are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
David Czeszewski
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for David Czeszewski are complete.
SVP, CIO
n/a−36Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Czeszewski

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Czeszewski are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−11Kwithheld by the company for taxes
Leslie Thornton
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Leslie Thornton are complete.
Director
n/a−21Kn/an/a
Vesting, gifts, unvested awards and holding lines for Leslie Thornton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Leslie Thornton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Gregory Jackson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gregory Jackson are complete.
Director
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for Gregory Jackson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gregory Jackson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ashish Ghia
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ashish Ghia are complete.
CFO
n/a−44Kn/an/a
Vesting, gifts, unvested awards and holding lines for Ashish Ghia

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ashish Ghia are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−34Kwithheld by the company for taxes
Kenda Gonzales
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kenda Gonzales are complete.
Director
n/a−9.3Kn/an/a
Vesting, gifts, unvested awards and holding lines for Kenda Gonzales

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kenda Gonzales are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
William Hansen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for William Hansen are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for William Hansen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for William Hansen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Alan Wheat
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alan Wheat are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Alan Wheat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alan Wheat are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Greg Jansen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Greg Jansen are complete.
SVP, General Counsel
n/a−30Kn/an/a
Vesting, gifts, unvested awards and holding lines for Greg Jansen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Greg Jansen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−19Kwithheld by the company for taxes
Michele Peppers
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michele Peppers are complete.
Principal Accounting Officer
n/a−14Kn/an/a
Vesting, gifts, unvested awards and holding lines for Michele Peppers

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michele Peppers are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−6.5Kwithheld by the company for taxes
Julia Leeman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Julia Leeman are complete.
SVP - Campus Operations
n/a−11Kn/an/a
Vesting, gifts, unvested awards and holding lines for Julia Leeman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Julia Leeman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4.7Kwithheld by the company for taxes
John Kline
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John Kline are complete.
SVP, Aiu
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for John Kline

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Kline are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−19Kwithheld by the company for taxes
Elise Baskel
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Elise Baskel are complete.
SVP, Ctu
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Elise Baskel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Elise Baskel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−21Kwithheld by the company for taxes
Sunitha Araamudhu
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sunitha Araamudhu are complete.
SVP - Aius
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Sunitha Araamudhu

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sunitha Araamudhu are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−7.1Kwithheld by the company for taxes
Hanna Skandera
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Hanna Skandera are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Hanna Skandera

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Hanna Skandera are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Perdoceo Education Corp are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$16.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $16.2M across 483,345 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($3.6M), including tax-related sales outside a plan.

No plan disclosed · $3.5M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.2M of it is David Czeszewski. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: David Czeszewski, Feb 25, 2026

Taxes

$128K of sales (0.8%) cite tax obligations in their footnotes. Separately, 215,099 shares ($7.7M) were withheld by the company for taxes, which isn't a market sale. Example: Patrick Gross, May 12, 2026

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Todd Nelson
President and CEO, Director
302K$9.9M100%61%Dec 15, 2025 to Sep 15, 2026
Ashish Ghia
CFO
44K$1.6M100%10%Mar 18, 2026 to Mar 25, 2026
David Czeszewski
SVP, CIO
36K$1.2M0%7%Feb 25, 2026 to Feb 25, 2026
Greg Jansen
SVP, General Counsel
30K$1.1M100%7%Apr 6, 2026 to Apr 6, 2026
Leslie Thornton
Director
21K$747K0%5%Mar 13, 2026 to Mar 13, 2026
Michele Peppers
Principal Accounting Officer
14K$483K0%3%May 13, 2026 to May 13, 2026
Julia Leeman
SVP - Campus Operations
11K$402K0%2%May 12, 2026 to May 12, 2026
Gregory Jackson
Director
11K$358K0%2%Aug 11, 2026 to Aug 11, 2026
Kenda Gonzales
Director
9.3K$324K0%2%Jun 4, 2026 to Jun 4, 2026
Patrick Gross
Director
3.6K$128K0%0.8%May 12, 2026 to May 12, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$3.5M$3.5M$0$0
Jan 2026$0$0$0$0
Feb 2026$1.2M$0$0$1.2M
Mar 2026$7.1M$6.4M$0$747K
Apr 2026$1.1M$1.1M$0$0
May 2026$1.0M$0$128K$885K
Jun 2026$324K$0$0$324K
Jul 2026$0$0$0$0
Aug 2026$358K$0$0$358K
Sep 2026$1.5M$1.5M$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 10 insiders sold; the average is 9 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
483K10$16.2M
Oct 16, 2025
1 year earlier
633K13$19.1M
Oct 16, 2024
2 years earlier
341K6$6.4M
Oct 17, 2023
3 years earlier
526K9$7.7M
Oct 17, 2022
4 years earlier
480K10$5.2M
Oct 17, 2021
5 years earlier
758K6$9.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty17 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Perdoceo Education Corp are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,003 filings on record, 40 filed in the 12-month period, and how we read them

All 1,003 Forms 3, 4 and 5 on record for Perdoceo Education Corp (SEC CIK 1046568), filed from Dec 15, 1999 to Sep 17, 2026; 40 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 1 older filing exists only on paper and could not be read.

Probable 2-for-1 stock split on or before Aug 22, 2003 (split date stated in a footnote). Splits aren't reported as transactions; 4 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (57)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Andrew HurstAug 22, 2023137,361 shares, last reported balance as of Aug 22, 2023
Thomas LallyJun 8, 202244,933 shares, last reported balance as of Jun 7, 2022
Jeffrey AyersMar 16, 202220,593 shares, last reported balance as of Mar 14, 2022
Richard WangSep 7, 2018406,131 shares, last reported balance as of Sep 7, 2018
Richard WangSep 7, 2018943,869 shares, last reported balance as of Sep 7, 2018
Andrew CederothJun 15, 20171,752 shares, last reported balance as of Jun 14, 2017
Ronald McCrayMay 11, 2016128,980 shares, last reported balance as of May 10, 2016
Jeffrey CooperMar 16, 20162,933 shares, last reported balance as of Mar 14, 2016
Jason FriesenOct 27, 201551,138 shares, last reported balance as of Oct 24, 2015
Lysa ClemensJun 16, 201531,053 shares, last reported balance as of Jun 14, 2015
Louis CalderaMay 20, 20155,000 shares, last reported balance as of Jun 3, 2014
Diane JonesMar 11, 2015No balance on record
Reid SimpsonMar 10, 201510,000 shares, last reported balance as of Mar 6, 2015
Scott SteffeyFeb 13, 201541,000 shares, last reported balance as of Feb 11, 2015
Jennifer CampeNov 6, 20148,920 shares, last reported balance as of Nov 4, 2014
David DevonshireJun 5, 20143,500 shares, last reported balance as of Jun 3, 2014
Colleen O'SullivanMay 21, 201426,689 shares, last reported balance as of May 19, 2014
Catherine LespineDec 5, 201315,174 shares, last reported balance as of Dec 3, 2013
BLUM CAPITAL PARTNERS LPSep 18, 20131,004,779 shares, last reported balance as of Sep 18, 2013
Manoj KulkarniJun 4, 201313,115 shares, last reported balance as of Jun 3, 2013
Colon McLeanMar 19, 201310,842 shares, last reported balance as of Mar 16, 2013
Steven LesnikMar 6, 201381,762 shares, last reported balance as of Mar 1, 2013
Anthony MitchellMar 6, 201326,299 shares, last reported balance as of May 21, 2012
Daniel HurdleMar 6, 201320,116 shares, last reported balance as of Aug 3, 2012
Teresa SantosMar 6, 201312,000 shares, last reported balance as of Sep 10, 2012
Michael GrahamSep 18, 201233,967 shares, last reported balance as of Sep 15, 2012
Robert DeYoungSep 7, 2012No balance on record
Jeremy WheatonJul 18, 20124,862 shares, last reported balance as of Jul 17, 2012
George Miller IIIMay 23, 201223,242 shares, last reported balance as of May 17, 2012
Erik ParksMar 15, 2012292 shares, last reported balance as of Mar 14, 2012
Stephen ToberMar 12, 20125,576 shares, last reported balance as of Mar 9, 2012
Gary McCulloughNov 3, 2011158,926 shares, last reported balance as of Nov 1, 2011
Thomas McNamaraNov 1, 20117,023 shares, last reported balance as of Oct 29, 2011
Brian WilliamsOct 5, 20119,150 shares, last reported balance as of Oct 4, 2011
Edward SnyderApr 8, 20111,262 shares, last reported balance as of Apr 7, 2011
George GrayebApr 5, 201112,033 shares, last reported balance as of Apr 1, 2011
Thomas BudlongMar 16, 201167,425 shares, last reported balance as of Mar 14, 2011
Donna GrayJan 12, 20114,510 shares, last reported balance as of Jul 6, 2010
Deborah LenartNov 9, 201020,736 shares, last reported balance as of Nov 6, 2010
Leonard MarianiJun 17, 200919,928 shares, last reported balance as of Jun 1, 2009
Todd SteeleMar 17, 200873,901 shares, last reported balance as of Mar 13, 2008
Paul RyanMar 17, 200844,093 shares, last reported balance as of Mar 13, 2008
Ty RobertsMar 17, 200822,700 shares, last reported balance as of Mar 13, 2008
Robert DowdellDec 14, 2007644,748 shares, last reported balance as of Dec 12, 2007
Keith OgataMay 21, 200730,000 shares, last reported balance as of May 17, 2007
Patrick PeschMar 21, 200777,700 shares, last reported balance as of Mar 19, 2007
Stephen FirengMar 21, 200722,130 shares, last reported balance as of Mar 19, 2007
Jacob GruverDec 26, 200615,461 shares, last reported balance as of Dec 21, 2006
Steve SotraidisDec 26, 200620,430 shares, last reported balance as of Dec 21, 2006
John GrahamMay 25, 20066,499 shares, last reported balance as of May 18, 2006
John LarsonMay 22, 2006150,056 shares, last reported balance as of May 18, 2006
Kenneth ShoreMay 22, 20063,369 shares, last reported balance as of May 18, 2006
Janice BlockMay 22, 20067,500 shares, last reported balance as of May 18, 2006
Wallace LaubMay 24, 200598,252 shares, last reported balance as of May 20, 2005
Nick FlugeJun 1, 20048,738 shares, last reported balance as of May 28, 2004
Jon CooverMay 26, 2004458 shares, last reported balance as of May 24, 2004
David RawdenNo balance on record

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