Light Street Capital Management, Llc - Aug 20, 2022 Form 4 Insider Report for Nerdy Inc. (NRDY)

Role
10%+ Owner
Signature
Light Street Capital Management, LLC, By: /s/ Theo J. Robins, Chief Compliance Officer
Stock symbol
NRDY
Transactions as of
Aug 20, 2022
Transactions value $
-$17,500,000
Form type
4
Date filed
8/23/2022, 04:18 PM
Previous filing
Jul 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRDY Class A ordinary shares, par value $0.0001 per share Sale -$15.5M -4.44M -49.19% $3.50 4.59M Aug 20, 2022 See footnotes F1, F4
transaction NRDY Class A ordinary shares, par value $0.0001 per share Sale -$1.65M -473K -65.88% $3.50 245K Aug 20, 2022 See footnotes F2, F4
transaction NRDY Class A ordinary shares, par value $0.0001 per share Sale -$306K -87.3K -64.48% $3.50 48.1K Aug 20, 2022 See footnotes F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Light Street Capital Management, Llc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Class A ordinary shares ("Shares") are held directly for the account of Light Street Mercury Master Fund, L.P. ("Mercury"), and indirectly by Light Street Capital Management, LLC ("LSCM") and Glen Thomas Kacher ("Mr. Kacher").
F2 These Shares are held directly for the account of Light Street Tungsten Master Fund, L.P. ("Tungsten"), and indirectly by LSCM and Mr. Kacher.
F3 These Shares are held directly for the account of Light Street Halo, L.P. ("Halo"), and indirectly by LSCM and Mr. Kacher.
F4 LSCM serves as investment adviser and general partner to Mercury, Tungsten and Halo. Mr. Kacher is the Chief Investment Officer and Founder of LSCM. Each of LSCM, Mr. Kacher, Mercury, Tungsten and Halo disclaims beneficial ownership of the Shares reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.