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Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
shares
Mr. Stephen W. Beard  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

On June 10, 2025, Mr. Stephen W. Beard, Adtalem’s Chairman and Chief Executive Officer, entered into a 10b5-1 Preset Diversification Program (the “10b5-1 Plan”). Mr. Beard’s 10b5-1 Plan is intended to satisfy the affirmative defense of Rule 10b5-1(c). Trades under Mr. Beard’s 10b5-1 Plan are subject to the required “cooling-off period” with the estimated first sale date under Mr. Beard’s 10b5-1 Plan to occur not before September 12, 2025. The 10b5-1 Plan end date is May 29, 2026. The 10b5-1 Plan governs Mr. Beard’s sale of 108,000 shares of Adtalem common stock. After such sales, Mr. Beard will continue to satisfy the stock ownership requirements for our executive officers. Transactions under the 10b5-1 Plan will be disclosed publicly through Form 144 and Form 4 filings with the SEC to the extent required by law.
Name Mr. Stephen W. Beard
Title Chairman and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date June 10, 2025
Expiration Date May 29, 2026
Aggregate Available 108,000
Mr. Douglas Beck  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

On June 13, 2025, Mr. Douglas Beck, Adtalem’s Senior Vice President, General Counsel, Corporate Secretary and Institutional Support Services, entered in a 10b5-1 Plan. Mr. Beck’s 10b5-1 Plan is intended to satisfy the affirmative defense of Rule 10b5-1(c). Sales pursuant to the 10b5-1 Plan will begin no earlier than September 12, 2025. The 10b5-1 Plan end date is June 13, 2026. The 10b5-1 Plan governs Mr. Beck’s sale of 15,384 shares of Adtalem common stock. After such sales, Mr. Beck will continue to satisfy the stock ownership requirements for our executive officers. Transactions under the 10b5-1 Plan will be disclosed publicly through Form 144 and Form 4 filings with the SEC to the extent required by law.
Name Mr. Douglas Beck
Title Senior Vice President, General Counsel, Corporate Secretary and Institutional Support Services
Rule 10b5-1 Arrangement Adopted true
Adoption Date June 13, 2025
Expiration Date June 13, 2026
Aggregate Available 15,384