Christopher C. Swenson - Apr 22, 2024 Form 4 Insider Report for Nerdy Inc. (NRDY)

Signature
/s/ Thomas Lynn, Attorney-in-Fact
Stock symbol
NRDY
Transactions as of
Apr 22, 2024
Transactions value $
-$75,900
Form type
4
Date filed
4/24/2024, 05:20 PM
Previous filing
Mar 20, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRDY Class A Common Stock Sale -$75.9K -30K -2.43% $2.53 1.2M Apr 22, 2024 Direct F1, 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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into for tax planning purposes. The shares were not sold as a result of any disagreement with the Company, and Mr. Swenson remains an officer of the Company.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.48 to $2.57, 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 Represents 452,650 shares of Class A Common Stock and 750,598 Restricted Stock Units.