LRN SCHEDULE 13D: Activist campaign

Fivespan Partners

Filed with the SEC on · accession 0001213900-26-118179

LRN filed a SCHEDULE 13D (schedule 13d) with the SEC on Nov 10, 2026. Fivespan Partners filed a Schedule 13D disclosing a 5.3% stake in Stride, Inc. and a cooperation agreement under which Fivespan's Dylan Haggart joined the board and Dr. The stock moved +1.5% by the first close after the filing.

Summary of the filing

Fivespan Partners filed a Schedule 13D disclosing a 5.3% stake in Stride, Inc. and a cooperation agreement under which Fivespan's Dylan Haggart joined the board and Dr. Steven Guttentag will join after the 2026 annual meeting, with the investor group withdrawing its nomination notice and agreeing to standstill provisions.

Key details

Total acquisition cost of Stride common stock$178.7M
Shares of Stride common stock beneficially owned$2.2M
Issuer/subject companyStride, Inc.
Reporting person / investment managerFivespan Partners, LP
General partner of fivespan partners, lpFivespan Partners GP, LLC
Fund holding the stride sharesFivespan Partners Fund, Ltd.
Co-founder, managing partner and chief investment officer of fivespan; board director of strideDylan G. Haggart
Board observer / incoming board director of strideDr. Steven Guttentag
Member of stride capital allocation committeeBrian Shepherd

How LRN stock reacted

Close before

$75.72

Nov 9, 2026

First close after

+1.45%

$76.82

5 trading days

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Since filing

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Frequently asked questions

What did LRN file with the SEC on Nov 10, 2026?

LRN filed a SCHEDULE 13D (Activist campaign). Fivespan Partners filed a Schedule 13D disclosing a 5.3% stake in Stride, Inc. and a cooperation agreement under which Fivespan's Dylan Haggart joined the board and Dr. Steven Guttentag will join after the 2026 annual meeting, with the investor group withdrawing its nomination notice and agreeing to standstill provisions.

What does a activist campaign mean for LRN stock?

A settlement removes uncertainty; the stock often reacts to whether the amount is bigger or smaller than investors expected.

How do I read a SCHEDULE 13D?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D (schedule 13d): A report the company filed with the SEC (the US market regulator).

How did LRN stock react to this filing?

LRN closed at $75.72 before the filing and $76.82 on Nov 10, 2026 (+1.45%).

Other LRN SEC filings

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