PXED insider ownership: who sold, why, and what they still hold

What stands out

Two directors sold $9.5M with no disclosed plan: Martin Nesbitt ($6.3M) and Adnan Nisar ($3.2M). The filings don't state a reason.Martin Nesbitt: largest such sale, Oct 15, 2025 · Adnan Nisar: largest such sale, Oct 15, 2025

A share of stake is shown for 0 of the 2 officers and directors who sold. 15 are left out

Left out: Martin Nesbitt, Adnan Nisar, Christopher Lynne, Blair Westblom, Raghu Krishnaiah, Peter Cohen, Srini Medi, John Woods, Cheryl Naumann, Jeffrey Honaker, Andrew Bird, Jeffrey Denham, John Sizer Jr., Johannes Worsoe and Robert Brackenbury (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.

Martin Nesbitt

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$6.3MNo plan disclosed

Adnan Nisar

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$3.2MNo plan disclosed

Amounts, filings and trading plans for each seller

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.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

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

Aug 26, 2026Cheryl Naumann had 26K shares ($734K) withheld by the company for taxes (not a market sale). 44K shares came in from vesting or option exercises the same day, so the holding rose by 18K net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Cheryl Naumann Chief Human Resources Officer	25,502	$28.80	n/a	n/a	Aug 26, 2026	Aug 27, 2026

Outside holders, reported separately

AP VIII Socrates Holdings, L.P. reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Phoenix Education Partners, Inc. CEO selling stock?

No. Christopher Lynne reported no open-market sales in the past 12 months.

Why are Phoenix Education Partners, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Phoenix Education Partners, Inc. insiders buying?

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

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Martin Nesbitt Director	$6.3M 211K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Adnan Nisar Director	$3.2M 105K shares	Not confirmed share of stake is being verified. Why	No plan disclosed

Outside holder, reported separately: AP VIII Socrates Holdings, L.P. (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture0 of 15 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.

Insider

Held Oct 13, 2025

Sold

Held Oct 13, 2026

Still held

Martin Nesbitt

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 Martin Nesbitt are complete.

Director

n/a

−211K

n/a

Vesting, gifts, unvested awards and holding lines for Martin Nesbitt

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

0gifted (net of own trusts)

Adnan Nisar

Director

n/a

−105K

n/a

Vesting, gifts, unvested awards and holding lines for Adnan Nisar

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

0gifted (net of own trusts)

Christopher Lynne

Chief Executive Officer, Director

n/a

Vesting, gifts, unvested awards and holding lines for Christopher Lynne

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

0gifted (net of own trusts)

−45Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
115,584	$5.23	Nov 12, 2028	$2.9M
277,200	$10.61	Feb 17, 2033	$5.4M
277,200	$10.61	Aug 31, 2030	$5.4M

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

Blair Westblom

CFO & Treasurer

n/a

Vesting, gifts, unvested awards and holding lines for Blair Westblom

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

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
34,680	$3.79	Aug 30, 2027	$906K
3,852	$5.23	Feb 6, 2029	$95K
19,108	$11.04	Nov 17, 2031	$361K
61,602	$10.61	Feb 17, 2033	$1.2M
61,602	$10.61	Aug 31, 2030	$1.2M

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

Raghu Krishnaiah

Chief Operating Officer

n/a

Vesting, gifts, unvested awards and holding lines for Raghu Krishnaiah

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

0gifted (net of own trusts)

−40Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
161,820	$3.79	Aug 30, 2027	$4.2M
15,424	$3.79	Jan 18, 2028	$403K
61,602	$10.61	Feb 17, 2033	$1.2M
61,602	$10.61	Aug 31, 2030	$1.2M

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

Peter Cohen

Director

n/a

Vesting, gifts, unvested awards and holding lines for Peter Cohen

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

0gifted (net of own trusts)

Srini Medi

Chief Legal Officer & Sec.

n/a

Vesting, gifts, unvested awards and holding lines for Srini Medi

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

0gifted (net of own trusts)

−33Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
26,972	$8.58	Jun 22, 2030	$576K
20,000	$10.90	Jun 8, 2031	$380K
102,669	$10.61	Feb 17, 2033	$2.0M
102,669	$10.61	Aug 31, 2030	$2.0M

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

John Woods

Chief Academic Off. & Provost

n/a

Vesting, gifts, unvested awards and holding lines for John Woods

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John Woods 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

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
107,872	$3.79	Jan 22, 2028	$2.8M
7,704	$5.23	Feb 6, 2029	$190K
61,602	$10.61	Feb 17, 2033	$1.2M
61,602	$10.61	Aug 31, 2030	$1.2M

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

Cheryl Naumann

Chief Human Resources Officer

n/a

Vesting, gifts, unvested awards and holding lines for Cheryl Naumann

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Cheryl Naumann 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

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
150,260	$3.79	Aug 30, 2027	$3.9M
11,568	$3.79	Jan 18, 2028	$302K
3,852	$5.23	Feb 6, 2029	$95K
61,602	$10.61	Feb 17, 2033	$1.2M
61,602	$10.61	Aug 31, 2030	$1.2M

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

Jeffrey Honaker

Chief Accounting Officer

n/a

Vesting, gifts, unvested awards and holding lines for Jeffrey Honaker

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

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
30,840	$3.79	Aug 30, 2027	$806K
1,932	$5.23	Feb 6, 2029	$48K
10,000	$10.90	Jun 8, 2031	$190K
19,108	$11.04	Nov 17, 2031	$361K
30,801	$10.61	Feb 17, 2033	$595K
30,801	$10.61	Aug 31, 2030	$595K

Estimate: options held × ($29.92 − strike price), using the most recent insider trade price on Form 4 (Oct 15, 2025), not a market close.

Andrew Bird

Director

n/a

Vesting, gifts, unvested awards and holding lines for Andrew Bird

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

0gifted (net of own trusts)

Jeffrey Denham

Director

n/a

Vesting, gifts, unvested awards and holding lines for Jeffrey Denham

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

0gifted (net of own trusts)

John Sizer Jr.

Director

n/a

Vesting, gifts, unvested awards and holding lines for John Sizer Jr.

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

0gifted (net of own trusts)

Johannes Worsoe

Director

n/a

Vesting, gifts, unvested awards and holding lines for Johannes Worsoe

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

0gifted (net of own trusts)

Robert Brackenbury

Director

n/a

Vesting, gifts, unvested awards and holding lines for Robert Brackenbury

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Brackenbury 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 Phoenix Education Partners, Inc. 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$9.5M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $9.5M across 316,356 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $9.5M

Sales with no 10b5-1 plan and no tax reference in the filing. $6.3M of it is Martin Nesbitt. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Martin Nesbitt, Oct 15, 2025

Taxes

186,176 shares ($5.4M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Martin Nesbitt Director	211K	$6.3M	0%	67%	Oct 15, 2025 to Oct 15, 2025
Adnan Nisar Director	105K	$3.2M	0%	33%	Oct 15, 2025 to Oct 15, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$9.5M	$0	$0	$9.5M
Nov 2025	$0	$0	$0	$0
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$0	$0	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$0	$0	$0	$0
Jun 2026	$0	$0	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$0	$0	$0	$0
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Known gaps and uncertainty15 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Phoenix Education Partners, Inc. 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 methodology52 filings on record, 34 filed in the 12-month period, and how we read them

All 52 Forms 3, 4 and 5 on record for Phoenix Education Partners, Inc. (SEC CIK 1600222), filed from Oct 8, 2025 to Aug 27, 2026; 34 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages. 1 filing was left out because Phoenix Education Partners, Inc. filed them as an owner of another company's stock.

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 (2)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Theodore Kwon		No balance on record
Itai Wallach		No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.

Phoenix Education Partners, Inc. insiders sold $9.5M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Recent activity

Outside holders, reported separately

Common questions

Is the Phoenix Education Partners, Inc. CEO selling stock?

Why are Phoenix Education Partners, Inc. insiders selling?

Are any Phoenix Education Partners, Inc. insiders buying?

The evidence

No plan disclosed · $9.5M

Taxes

Sales by month