X0306 4 2020-03-30 0 0001305323 Zovio Inc ZVO 0001683093 Malik Anurag 1811 E. NORTHROP BLVD. CHANDLER AZ 85286 0 1 0 0 President, Learn@Forbes Common Stock 2020-03-30 4 M 0 13815 0.00 A 46588 D Common Stock 2020-03-30 4 F 0 5649 1.5 D 40939 D Restricted Stock Unit 2020-03-30 4 M 0 2207 0.00 D Common Stock 2207 2207 D Restricted Stock Unit 2020-03-30 4 M 0 5170 0.00 D Common Stock 5170 10340 D Restricted Stock Unit 2020-03-30 4 M 0 6438 0.00 D Common Stock 6438 19312 D On March 29, 2020, 13,815 of the reporting person's restricted stock units vested. 13,815 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock on March 30, 2020, the first business day following the closing price of the issuer's common stock on March 27, 2020, which was the settlement price used to calculate the shares withheld. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2017. Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2018. Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 25% of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 25% of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2019. /s/ Diane L. Thompson, as Attorney-in-Fact 2020-04-01