Robert J. Hutter - 03 May 2023 Form 4 Insider Report for Nerdy Inc. (NRDY)

Role: Director
Signature: /s/ Thomas Lynn, Attorney-in-Fact
Issuer symbol: NRDY
Transactions as of: 03 May 2023
Net transaction value: +$17,499
Form type: 4
Filing time: 05 May 2023, 16:11:39 UTC
Previous filing: 11 May 2022
Next filing: 10 Oct 2023
SEC filing: View on sec.gov

Key filing fact

Robert J. Hutter filed Form 4 for Nerdy Inc. (NRDY) on 05 May 2023.

Key facts

This page summarizes Robert J. Hutter's Form 4 filing for Nerdy Inc. (NRDY).
2 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 05 May 2023, 16:11.

Change

Previous filing in this sequence was filed on 11 May 2022.
Current net transaction value: +$17,499.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

NRDY transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +71,497
Change %
Price: $0.000000
Shares after: 71,497
Date: 03 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 71,497
Exercise price: $3.00
Footnotes: F1

NRDY transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $17,499
Shares: +8,341
Change %
Price: $2.10
Shares after: 8,341
Date: 03 May 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 8,341
Exercise price: $3.00
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

Explanation of Responses:

Id	Content
F1	The stock options will vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of Nerdy Inc. stockholders.
F2	The number of options issued reflects the value of the reporting person's annual cash retainer and additional annual retainer for committee memberships for the Nerdy Inc. board of directors. The reporting person has elected to have all or a portion of their annual cash retainer and additional annual retainer for committee memberships paid in the form of equity in lieu of cash compensation.

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