X0306 4 2020-03-30 0 0001305323 Zovio Inc ZVO 0001455482 Semel John 1811 E. NORTHROP BLVD. CHANDLER AZ 85286 0 1 0 0 EVP, Chief Strategy Officer Common Stock 2020-03-30 4 M 0 9073 0.00 A 9073 D Common Stock 2020-03-30 4 F 0 3964 1.50 D 5109 D Restricted Stock Unit 2020-03-30 4 M 0 9073 0.00 D Common Stock 9073 27217 D On March 29, 2020, 9,073 of the reporting person's restricted stock units vested. 9,073 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, 2019. /s/ Diane L. Thompson, as Attorney-in-Fact 2020-04-01