# EDGAR Filing Document

**Accession Number:** 0001696660
**File Stem:** 0001193125-26-239564
**Filing Date:** 2026-5
**Character Count:** 20906
**Document Hash:** 476bbd039b31b21d15a3995a778eb4a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-239564.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001193125-26-239564

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260521

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Snow Phipps Group (Offshore), L.P.
- **CENTRAL INDEX KEY:** 0001696660

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020821

**BUSINESS ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 212-508-3330

**MAIL ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Snow Ian Kendell
- **CENTRAL INDEX KEY:** 0001406656

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020825

**MAIL ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10021
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Snow Phipps Group (RPV), L.P.
- **CENTRAL INDEX KEY:** 0001696654

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020820

**BUSINESS ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 212-508-3330

**MAIL ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Snow Phipps Group, LLC
- **CENTRAL INDEX KEY:** 0001698661

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020819

**BUSINESS ADDRESS:**
- **STREET 1:** 545 MADISON AVE., 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-508-3330

**MAIL ADDRESS:**
- **STREET 1:** 545 MADISON AVE., 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** SPG Co-Investment, L.P.
- **CENTRAL INDEX KEY:** 0001696702

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020823

**BUSINESS ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 212-508-3330

**MAIL ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Snow Phipps Group (B), L.P.
- **CENTRAL INDEX KEY:** 0001696783

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020822

**BUSINESS ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 212-508-3330

**MAIL ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Snow Phipps Group, L.P.
- **CENTRAL INDEX KEY:** 0001696790

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38002
- **FILM NUMBER:** 261020824

**BUSINESS ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
- **BUSINESS PHONE:** 212-508-3330

**MAIL ADDRESS:**
- **STREET 1:** 667 MADISON AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10065
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAUREATE EDUCATION, INC.
- **CENTRAL INDEX KEY:** 0000912766
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 521492296
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** PMB 1158, 1000 BRICKELL AVE., SUITE 715
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33131
- **BUSINESS PHONE:** 786-209-3368

**MAIL ADDRESS:**
- **STREET 1:** PMB 1158, 1000 BRICKELL AVE., SUITE 715
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33131

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SYLVAN LEARNING SYSTEMS INC
- **DATE OF NAME CHANGE:** 19930929

## Exhibit 99.1

<u>Exhibit 99.1</u>

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>Snow Phipps Group, L.P. |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported  |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

Snow Phipps Group, L.P.

---

| | |
|:---|:---|
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |
| Title: | Managing Member |

---

<u>May 26, 2026</u>

Date

------

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>SPG Co-Investment, L.P. |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported  |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

SPG Co-Investment, L.P.

---

| | |
|:---|:---|
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |
| Title: | Managing Member |

---

<u>May 26, 2026</u>

Date

------

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>Snow Phipps Group (B), L.P. |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

Snow Phipps Group (B), L.P.

---

| | |
|:---|:---|
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |
| Title: | Managing Member |

---

<u>May 26, 2026</u>

Date

------

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>Snow Phipps Group (Offshore), L.P. |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

Snow Phipps Group (Offshore), L.P.

---

| | |
|:---|:---|
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |
| Title: | Managing Member |

---

<u>May 26, 2026</u>

Date

------

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>Snow Phipps Group (RPV), L.P. |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

Snow Phipps Group (RPV), L.P.

---

| | |
|:---|:---|
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |
| Title: | Managing Member |

---

<u>May 26, 2026</u>

Date

------

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>Ian Snow |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

---

| | |
|:---|:---|
| Ian Snow | Ian Snow |
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |

---

<u>May 26, 2026</u>

Date

------

<u>Joint Filer Information</u>

---

| | |
|:---|:---|
| <br>Name of Joint Filer: | <br>Snow Phipps Group, LLC |
| Address of Joint Filer: | 545 Madison Avenue, 10th Floor |
|  | New York, NY 10022 |
| Relationship of Joint Filer to Issuer: | Director |
| Issuer Name and Ticker or Trading Symbol: | Laureate Education, Inc. [LAUR] |
| Date of Earliest Transaction Required to be Reported |  |
| (Month/Day/Year): | May 21, 2026 |
| Designated Filer: | Ian Kendell Snow |

---

**Signature:**

Snow Phipps Group, LLC

---

| | |
|:---|:---|
| /s/ Ian Snow | /s/ Ian Snow |
| Name: | Ian Snow |
| Title: | Managing Member |

---

<u>May 26, 2026</u>

Date

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Snow Ian Kendell<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE<br>10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Snow Phipps Group, L.P.<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE, 10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>SPG Co-Investment, L.P.<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE, 10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Snow Phipps Group (B), L.P.<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE, 10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Snow Phipps Group (Offshore), L.P.<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE, 10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Snow Phipps Group (RPV), L.P.<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE, 10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Snow Phipps Group, LLC<br><sub>(Last) (First) (Middle)</sub><br>545 MADISON AVENUE, 10TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10022<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-05-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>LAUREATE EDUCATION, INC. [ LAUR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2026-05-21 |  | A |  | 5308<sup>(1)</sup> | A | $0.00 | 20413 | I | See footnote<sup>(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 2167553 | I | See footnote<sup>(3)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Reflects a grant of 5,308 restricted stock units ("RSUs") as part of the 2026 annual retainer for non-employee director service. The RSUs will vest ratably in equal installments on May 21, 2026 and at the end of each of the remaining calendar quarters of 2026, provided that the Reporting Person continues to serve as a director of the Issuer through the applicable vesting date.

(2) Snow Phipps Group, LLC, Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P ., and Snow Phipps Group (RPV), L.P. beneficially own such shares indirectly as a result of contractual arrangements with Mr. Snow. Mr. Snow disclaims beneficial ownership of the securities to the extent it exceeds his pecuniary interest therein and the inclusion of the securities in this report shall not be deemed to be an admission of beneficial ownership of the reported securities for the purposes of Section 16 of the Exchange Act or otherwise.

(3) Represents shares of Common Stock held directly by Wengen Alberta, Limited Partnership ("Wengen"), whose general partner is Wengen Investments Limited. Certain investors, including, but not limited to, certain investment funds and other persons affiliated with or managed by Sterling Fund Management, LLC, Cohen Private Ventures, LLC and Snow Phipps Group, LLC have interests in the Issuer through Wengen.

**Remarks:**
Exhibit 99.1 - Joint Filer Information and Signatures, incorporated herein by reference.

**Signature:** See Exhibit 99.1  
**Date:** 2026-05-26

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**