Skillsoft Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Stock-based Compensation (Tables)

Note 9 - Stock-based Compensation (Tables)

6 Months Ended

Jul. 31, 2024

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

						*Weighted -*
				*Weighted -*		*Average*
				*Average*		*Remaining*		*Aggregate*
				*Exercise*		*Contractual*		*Intrinsic Value*
	*Shares*			*Price*		*Term (Years)*		*(in thousands)*
Outstanding, January 31, 2024		88,850		$	215.00		7.4	$	—
Granted		—			—		—		—
Exercised		—			—		—		—
Forfeited		(17,649	)		215.00		—		—
Expired		(34,375	)		215.00		—		—
Outstanding, July 31, 2024		36,826			215.00		5.8		—

Vested and exercisable, July 31, 2024		29,141			215.00		5.5		—

Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

				*Weighted -*		*Aggregate*
				*Average Grant*		*Intrinsic Value*
	*Shares*			*Date Fair Value*		*(in thousands)*
Unvested balance, January 31, 2024		735,998		$	64.77	$	10,319
Granted		462,030			15.88		—
Vested		(178,964	)		76.60		—
Forfeited		(70,984	)		61.43		—
Unvested balance, July 31, 2024		948,080			39.03		16,307

				*Weighted -*		*Aggregate*
				*Average Grant*		*Intrinsic Value*
	*Shares*			*Date Fair Value*		*(in thousands)*
Unvested balance, January 31, 2024		182,742		$	72.60	$	2,562
Granted		10,000			12.94		—
Vested		—			—		—
Forfeited		(18,695	)		61.52		—
Unvested balance, July 31, 2024		174,047			70.36		2,994

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	*Three Months Ended July 31,*						*Six Months Ended July 31,*
	*2024*			*2023*			*2024*		*2023*
Cost of revenues	$	132		$	238		$	298	$	335
Content and software development		914			1,744			2,204		3,756
Selling and marketing		797			(667	)		2,053		1,015
General and administrative (1)		(2,657	)		4,512			1,784		9,849
Total	$	(814	)	$	5,827		$	6,339	$	14,955

(1) Stock-based compensation expense during the three months ended July 31, 2024 was reduced by $6.0 million due to forfeitures of share-based payments, including unvested equity-based awards associated with the former Chief Executive Officer whose employment with the Company ended on May 9, 2024.