Charles K. Cohn - May 19, 2022 Form 4/A - Amendment Insider Report for Nerdy Inc. (NRDY)

Signature
/s/ Thomas Lynn, Attorney-in-Fact
Stock symbol
NRDY
Transactions as of
May 19, 2022
Transactions value $
$460,043
Form type
4/A - Amendment
Date filed
6/1/2022, 04:06 PM
Date Of Original Report
May 23, 2022
Previous filing
Mar 2, 2022
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRDY Class A Common Stock Purchase $403K +233K $1.73 233K May 19, 2022 Rarefied Air Capital LLC F1, F2, F3
transaction NRDY Class A Common Stock Purchase $57.2K +33.3K +14.29% $1.72 266K May 20, 2022 Rarefied Air Capital LLC F1, F3, F4
holding NRDY Class A Common Stock 111K May 19, 2022 By Cohn Family Investments Trust dtd 5/24/18
holding NRDY Class A Common Stock 111K May 19, 2022 By Cohn Family Trust 5/24/18
holding NRDY Class A Common Stock 9.26M May 19, 2022 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4, filed on May 23, 2022, is being amended by this Form 4 amendment solely to correct Box 3, Transaction Code, which was incorrectly selected as "A" instead of "P" in the originally filed Form 4.
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.695 to $1.750, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price at which the transactions were effected.
F3 Rarefied Air Capital LLC is owned by three trusts: Cohn Family Trust U/A/D 3/16/2017, The Cohn Family Investments Trust 05/24/18, and 2018 Cohn Family Trust U/A/D 5/24/2018.
F4 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.700 to $1.775, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price at which the transactions were effected.
F5 Represents Restricted Stock Units ("RSUs") issued under the Nerdy Inc. 2021 Equity Incentive Plan, as amended. Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs shall vest in seven equal tranches upon the Issuer achieving each of seven share price target milestones that occur at $18.00, $22.00, $26.00, $30.00, $34.00, $38.00, and $42.00 per share, measured, based on the average of our stock price over a consecutive 90 calendar-day period during the performance period. Any unvested RSUs shall expire on September 20, 2028.