LAUR · Laureate Education, Inc.

The shares were sold by Snow Phipps Group, LLC, Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., Snow Phipps Group (RPV), L.P., and SPG Co-Investment, L.P., and beneficial ownership following the reported transaction includes 1,664,083 shares held directly by Wengen Alberta, Limited Partnership, whose general partner is Wengen Investments Limited. Each reporting person disclaims beneficial ownership of the securities to the extent it exceeds its pecuniary interest therein, if any, 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.

The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

This transaction was executed in multiple trades at prices ranging from $36.135 to $36.52 on September 2, 2026.

The shares were sold by Snow Phipps Group, LLC, Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., Snow Phipps Group (RPV), L.P., and SPG Co-Investment, L.P., and beneficial ownership following the reported transaction includes 1,664,083 shares held directly by Wengen Alberta, Limited Partnership, whose general partner is Wengen Investments Limited. Each reporting person disclaims beneficial ownership of the securities to the extent it exceeds its pecuniary interest therein, if any, 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.

The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

This transaction was executed in multiple trades at prices ranging from $38.01 to $38.21 on September 1, 2026.

The shares were sold by Snow Phipps Group, LLC, Snow Phipps Group (Offshore), L.P., Snow Phipps Group (B), L.P., Snow Phipps Group, L.P., Snow Phipps Group (RPV), L.P., and SPG Co-Investment, L.P., and beneficial ownership following the reported transaction includes 1,664,083 shares held directly by Wengen Alberta, Limited Partnership, whose general partner is Wengen Investments Limited. Each reporting person disclaims beneficial ownership of the securities to the extent it exceeds its pecuniary interest therein, if any, 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.

The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

This transaction was executed in multiple trades at prices ranging from $38.00 to $38.81 on August 31, 2026.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock in equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

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. Such RSUs are deferred pursuant to the Reporting Person's election under the Issuer's directors deferral plan and will settle in shares of common stock in equal annual installments on January 14, 2028, January 15, 2029 and January 15, 2030.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock on January 15, 2030.

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.

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. Such RSUs are deferred pursuant to the Reporting Person's election under the Issuer's directors deferral plan and will settle in shares of common stock in equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

Reflects a grant of 7,849 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. Such RSUs are deferred pursuant to the Reporting Person's election under the Issuer's directors deferral plan and will settle in shares of common stock on January 15, 2036.

The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein, if any. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by the Reporting Person of any securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.

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. Such RSUs are deferred pursuant to the Reporting Person's election under the Issuer's directors deferral plan and will settle in shares of common stock within 10 business days after the Reporting Person's departure from the Issuer's board.

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.

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.

Reflects a grant of 3,252 restricted stock units ("RSUs") as part of the 2026 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of the Issuer through the applicable vesting date: 598 RSUs will vest on June 30, 2026, 1,327 RSUs will vest on on September 30, 2026 and 1,327 RSUs will vest on December 31, 2026.

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.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock on January 15, 2030.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock in equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2025. The purpose of the sale is to cover taxes owed with respect to the vesting of performance share awards on March 15, 2026.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of performance share units previously reported as shares of Common Stock in Table I.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of performance share units previously reported as shares of Common Stock in Table I.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of performance share units previously reported as shares of Common Stock in Table I.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of performance share units previously reported as shares of Common Stock in Table I.

This transaction was executed in multiple trades at prices ranging from $33.315 to $34.28 on March 11, 2026. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The option vested in three installments on each of December 31, 2016, 2017 and 2018.

This transaction was executed in multiple trades at prices ranging from $34.34 to $34.35 on March 11, 2026. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Represents shares earned under performance share unit awards granted in 2023, 2024 and 2025 upon certification by the Compensation Committee that performance criteria was achieved for the year ended December 31, 2025.

Represents restricted stock units that will vest in three equal installments on each of December 31, 2026, 2027 and 2028, subject to the reporting person's continued employment through the applicable vesting dates.

Represents restricted stock units that will vest in three equal installments on each of December 31, 2026, 2027 and 2028, subject to the reporting person's continued employment through the applicable vesting dates.

Represents shares earned under performance share unit awards granted in 2023, 2024 and 2025 upon certification by the Compensation Committee that performance criteria was achieved for the year ended December 31, 2025.

Represents restricted stock units that will vest in three equal installments on each of December 31, 2026, 2027 and 2028, subject to the reporting person's continued employment through the applicable vesting dates.

Represents restricted stock units that will vest in three equal installments on each of December 31, 2026, 2027 and 2028, subject to the reporting person's continued employment through the applicable vesting dates.

Represents restricted stock units that will vest in three equal installments on each of December 31, 2026, 2027 and 2028, subject to the reporting person's continued employment through the applicable vesting dates.

Represents shares earned under performance share unit awards granted in 2023, 2024 and 2025 upon certification by the Compensation Committee that performance criteria was achieved for the year ended December 31, 2025.

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2025. The purpose of the sale is to cover taxes owed with respect to vesting of restricted stock unit awards on December 31, 2025.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock units previously reported as shares of Common Stock in Table I.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock units previously reported as shares of Common Stock in Table I.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock on January 15, 2030.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock units previously reported as shares of Common Stock in Table I.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock in substantially equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock units previously reported as shares of Common Stock in Table I.

The reporting person transferred 6,200 shares of Common Stock to the Munoz Charitable Giving Foundation, of which the reporting person is a director. The reporting person has voting and investment power over all securities owned by the foundation.

Represents shares withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of restricted stock units previously reported as shares of Common Stock in Table I.

The sales reported in this Form 4 were effected by the reporting person for estate planning purposes.

This transaction was executed in multiple trades at prices ranging from $30.30 to $30.31 on December 8, 2025. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock on January 15, 2030.

Reflects a grant of restricted stock units ("RSUs") in connection with the Reporting Person's elections to receive stock in lieu of cash compensation and to defer such RSUs pursuant to Laureate's directors deferral plan. The deferred RSUs, which are fully vested upon grant, will settle in shares of Laureate common stock in substantially equal annual installments on January 15, 2031, January 15, 2032 and January 14, 2033.

Reflects a grant of 1,415 shares of common stock and 5,733 restricted stock units ("RSUs") as part of the 2025 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc. through the applicable vesting date: 1,683 RSUs will vest on June 30, 2025, 2,025 RSUs will vest on September 30, 2025 and 2,025 RSUs will vest on December 31, 2025.

Reflects a grant of 1,415 shares of common stock and 5,733 restricted stock units ("RSUs") as part of the 2025 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc. through the applicable vesting date: 1,683 RSUs will vest on June 30, 2025, 2,025 RSUs will vest on September 30, 2025 and 2,025 RSUs will vest on December 31, 2025.

Reflects a grant of 1,415 shares of common stock and 5,733 restricted stock units ("RSUs") as part of the 2025 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc.: 1,683 RSUs vest on June 30, 2025, and 2,025 RSUs vest on each of September 30, 2025 and December 31, 2025.

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.

Reflects a grant of 1,415 shares of common stock and 5,733 restricted stock units ("RSUs") as part of the 2025 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc. through the applicable vesting date: 1,683 RSUs will vest on June 30, 2025, 2,025 RSUs will vest on September 30, 2025 and 2,025 RSUs will vest on December 31, 2025.

Reflects a grant of 1,415 shares of common stock and 5,733 restricted stock units ("RSUs") as part of the 2025 annual retainer for non-employee director service. The RSUs will vest as follows, provided that the Reporting Person continues to serve as a director of Laureate Education, Inc. through the applicable vesting date: 1,683 RSUs will vest on June 30, 2025, 2,025 RSUs will vest on September 30, 2025 and 2,025 RSUs will vest on December 31, 2025.