Kevin Yuann - 01 Jun 2023 Form 4 Insider Report for NERDWALLET, INC. (NRDS)

Signature
/s/ Kathy Lee, Attorney-In-Fact for Kevin Yuann
Issuer symbol
NRDS
Transactions as of
01 Jun 2023
Transactions value $
-$51,786
Form type
4
Filing time
05 Jun 2023, 18:03:54 UTC
Previous filing
17 Mar 2023
Next filing
06 Sep 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 01 Jun 2023 Direct F1
transaction NRDS Class A Common Stock Sale -$25.6K -2.57K -1.08% $9.97 235K 02 Jun 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.