Stuart Udell - May 3, 2023 Form 4 Insider Report for Nerdy Inc. (NRDY)

Role
Director
Signature
/s/ Thomas Lynn, Attorney-in-Fact
Stock symbol
NRDY
Transactions as of
May 3, 2023
Transactions value $
$39,000
Form type
4
Date filed
5/5/2023, 04:11 PM
Previous filing
Aug 8, 2022
Next filing
Sep 29, 2023

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRDY Stock Option (Right to Buy) Award $0 +71.5K $0.00 71.5K May 3, 2023 Class A Common Stock 71.5K $3.00 Direct F1
transaction NRDY Stock Option (Right to Buy) Award $39K +18.6K $2.10 18.6K May 3, 2023 Class A Common Stock 18.6K $3.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.