X0306 4 2018-08-01 1 0001104349 CAPELLA EDUCATION CO CPLA 0001380345 Tukua Darrell R 225 SOUTH 6TH STREET, 9TH FLOOR MINNEAPOLIS MN 55402 1 0 0 0 Common Stock 2018-08-01 4 D 0 9299 D 0 I By Trust Each share of common stock of Capella Education Company ("Capella") reported as disposed of herein was cancelled and converted into the right to receive 0.875 shares of Strategic Education, Inc. (the "Exchange Ratio") at the effective time of the merger pursuant to that certain Agreement and Plan of Merger, dated as of October 29, 2017, by and among Strayer Education, Inc. (which was renamed "Strategic Education, Inc." on August 1, 2018), Capella and Sarg Sub Inc. ("Merger Sub"), whereby the parties thereto effected the merger of Capella into Merger Sub to become a wholly owned subsidiary of Strayer Education, Inc.(the "Merger"). No additional consideration was received in connection with the disposition of such securities. /s/ Kelly Jacobus, Attorney-in-Fact for Darrell R. Tukua 2018-08-03