LAUREATE EDUCATION, INC. — Director's Dealing 2022

Apr 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAUREATE EDUCATION, INC. (LAUR)
CIK: 0000912766
Period of Report: 2022-04-15

Reporting Person: Snow Ian Kendell (Director, 10% Owner)
Reporting Person: SPG GP, LLC (Director, 10% Owner)
Reporting Person: SPG Co-Investment, L.P. (Director, 10% Owner)
Reporting Person: Snow Phipps Group (Offshore), L.P. (Director, 10% Owner)
Reporting Person: Snow Phipps Group (RPV), L.P. (Director, 10% Owner)
Reporting Person: Snow Phipps Group, LLC (Director, 10% Owner)
Reporting Person: Snow Phipps Group, L.P. (Director, 10% Owner)
Reporting Person: Snow Phipps Group (B), L.P. (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-15	Common Stock	M	2819	—	Acquired	24241	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-15	Units in Deferred Compensation Plan	$	M	2819	Disposed		Common Stock (2819)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2841835	Indirect
Common Stock	2067501	Indirect

Footnotes

F1: Represents shares of Common Stock of Laureate Education, Inc. (the "Issuer") payable under the Issuer's Deferred Compensation Plan and issued to the Reporting Person in connection with the termination of such plan.

F2: 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.

F3: 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.

F4: Represents shares of Common Stock held directly by SPG GP, LLC, SPG Co-Investment, L.P., Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., Snow Phipps Group, LLC and Snow Phipps Group (RPV), L.P.