Robert J. Hutter - 01 May 2024 Form 4 Insider Report for Nerdy Inc. (NRDY)

Role: Director
Issuer symbol: NRDY
Report date: 01 May 2024
Net transaction value: +$21,525
Form type: 4
Accepted by SEC: 03 May 2024, 17:15:48 UTC
Previous filing: 10 Oct 2023
Next filing: 04 Oct 2024
SEC filing: View on sec.gov
Reporting owner signature: /s/ Thomas Lynn, Attorney-in-Fact

Key filing fact

Robert J. Hutter filed Form 4 for Nerdy Inc. (NRDY) on 03 May 2024.

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: 03 May 2024, 17:15.

Change

Previous filing in this sequence was filed on 10 Oct 2023.
Current net transaction value: +$21,525.

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: +83,893
Change %
Price: $0.000000
Shares after: 83,893
Date: 01 May 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 83,893
Exercise price: $2.56
Footnotes: F1

NRDY transaction Derivative

Warrant (right to buy)

Award

Transaction value: $21,525
Shares: +12,025
Change %
Price: $1.79
Shares after: 12,025
Date: 01 May 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 12,025
Exercise price: $2.56
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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