September 22, 2025 · Form 4 insider transaction
Gay Daniel sold 289,113 shares of PTRN at $13.02 per share, a transaction worth $3.76M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 2 days after the transaction.
The shares were sold in the Offering pursuant to an underwriting agreement by and among the Issuer, the representatives of the underwriters and the selling stockholders named therein, dated September 18, 2025. The price of $13.02 represents the $14.00 Offering price per share of Series A Common Stock of the Issuer less the underwriting discounts and commissions of $0.98 per share, for shares sold to the underwriters pursuant to the Offering.; These shares are owned directly by KSV Pattern II, LLC ("KSV Pattern II). The managing member of KSV Pattern II is KS Global, and the member of KS Global is K12 Investments. The Reporting Person is a member of K12 Investments. The Reporting Person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein, and the filing of this Form 4 is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.