Kevin Yuann - Jun 1, 2023 Form 4 Insider Report for NERDWALLET, INC. (NRDS)

Role
Chief Business Officer
Signature
/s/ Kathy Lee, Attorney-In-Fact for Kevin Yuann
Stock symbol
NRDS
Transactions as of
Jun 1, 2023
Transactions value $
-$51,786
Form type
4
Date filed
6/5/2023, 06:03 PM
Previous filing
Mar 17, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRDS Class A Common Stock Tax liability -$26.2K -2.73K -1.14% $9.58 237K Jun 1, 2023 Direct F1
transaction NRDS Class A Common Stock Sale -$25.6K -2.57K -1.08% $9.97 235K Jun 2, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Shares withheld by the Issuer to satisfy tax withholding obligation due to the vesting of Restricted Stock Units ("RSUs").
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2022.
F3 Includes 78,023 Restricted Stock Units payable solely in the Class A Common Stock of the Issuer.