0001567619-22-008316.txt : 20220408 0001567619-22-008316.hdr.sgml : 20220408 20220408181702 ACCESSION NUMBER: 0001567619-22-008316 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220407 FILED AS OF DATE: 20220408 DATE AS OF CHANGE: 20220408 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pernsteiner George P. CENTRAL INDEX KEY: 0001712873 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34272 FILM NUMBER: 22818108 MAIL ADDRESS: STREET 1: C/O BRIDGEPOINT EDUCATION, INC. STREET 2: 8620 SPECTRUM CENTER BLVD. CITY: SAN DIEGO STATE: CA ZIP: 92123 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Zovio Inc CENTRAL INDEX KEY: 0001305323 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 593551629 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1811 E NORTHROP BLVD CITY: CHANDLER STATE: AZ ZIP: 85286 BUSINESS PHONE: 858-668-2586 MAIL ADDRESS: STREET 1: 1811 E NORTHROP BLVD CITY: CHANDLER STATE: AZ ZIP: 85286 FORMER COMPANY: FORMER CONFORMED NAME: Bridgepoint Education Inc DATE OF NAME CHANGE: 20041006 4 1 doc1.xml FORM 4 X0306 4 2022-04-07 0 0001305323 Zovio Inc ZVO 0001712873 Pernsteiner George P. C/O ZOVIO INC 1811 EAST NORTHROP BOULEVARD CHANDLER AZ 85286 1 0 0 0 Common Stock 2022-04-07 4 M 0 20450 0.00 A 92159 D Restricted Stock Unit 2022-04-07 4 M 0 20450 0.00 D Common Stock 20450 0 D On April 7, 2022, 20,450 of the reporting person's restricted stock units were settled for an equal number of shares of the issuer's common stock. 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: one hundred percent (100%) of the restricted stock units shall vest on the one (1) year anniversary of April 7, 2021. Exhibit 24 - Power of Attorney /s/ Matt Mitchell, as Attorney-in-Fact 2022-04-08 EX-24 2 poa_pernsteiner.htm POWER OF ATTORNEY
POWER OF ATTORNEY

The undersigned, as a Section 16 reporting person of Zovio Inc (the “Company”), hereby constitutes and appoints Matt Mitchell, Kevin Royal and Tom Hornish the undersigned’s true and lawful attorneys-in-fact to:


 1.
complete and execute Forms 3, 4 and 5 and other forms and all amendments thereto as such attorneys-in-fact shall in their discretion determine to be required or advisable pursuant to Section 16 of the Securities Exchange Act of 1934 (as amended) and the rules and regulations promulgated thereunder, or any successor laws and regulations, as a consequence of the undersigned’s ownership, acquisition or disposition of securities of the Company; and


2.
do all acts necessary in order to file such forms with the Securities and Exchange Commission, any securities exchange or national association, the Company and such other person or agency as the attorneys-in-fact shall deem appropriate.

The undersigned hereby ratifies and confirms all that said attorneys‑in-fact and agent shall do or cause to be done by virtue hereof.  The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934 (as amended).

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the Company and the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 4th day of April 2022.


Signature: /s/ George P. Pernsteiner  

Print Name:  George P. Pernsteiner