NerdWallet updates Form 3 option vesting details
NERDWALLET, INC. executive Sam Brian Mischner, Chief Revenue Officer, filed an amended Form 3 to correct the vesting schedule of an existing stock option grant.
Rhea-AI Filing Summary
NERDWALLET, INC. executive Sam Brian Mischner, Chief Revenue Officer, filed an amended Form 3 to correct the vesting schedule of an existing stock option grant. The option covers 180,608 shares of Class A common stock at an exercise price of $10.18 per share, expiring on March 17, 2036. The amended disclosure states that 1/48th of the shares vest on each monthly anniversary starting March 18, 2026, so all 180,608 shares are scheduled to be fully vested on the fourth anniversary of that vesting commencement date. The amendment does not report any new purchases, sales, or exercises, only the corrected vesting terms of the previously reported option holding.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mischner Sam Brian
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (right to buy) — 180,608 contracts (Direct)
Footnotes (1)
- F1. The original Form 3 filed on 4/03/2026 misreported the vesting schedule. The correct vesting schedule is that 1/48th of the shares subject to the option vest on each monthly anniversary measured from 3/18/2026, the vesting commencement date ("VCD"), such that 100% of the shares subject to the option will be fully vested on the fourth anniversary of the VCD, as indicated in this amended filing.
Key Figures
Underlying option shares: 180,608 shares
Exercise price: $10.18 per share
Option expiration: March 17, 2036
+1 more
4 metrics
Underlying option shares
180,608 shares
Employee stock options over Class A Common Stock
Exercise price
$10.18 per share
Employee Stock Options (right to buy)
Option expiration
March 17, 2036
Expiration date of employee stock options
Vesting pattern
1/48th monthly
From March 18, 2026 until fourth anniversary of vesting commencement date
Key Terms
Employee Stock Options (right to buy), vesting schedule, Class A Common Stock, vesting commencement date, +1 more
5 terms
Employee Stock Options (right to buy) financial
"security_title: Employee Stock Options (right to buy)"
vesting schedule financial
"misreported the vesting schedule. The correct vesting schedule is that 1/48th"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting commencement date financial
"measured from 3/18/2026, the vesting commencement date ("VCD")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Form 3 regulatory
"The original Form 3 filed on 4/03/2026 misreported the vesting schedule"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
What does the NerdWallet (NRDS) Form 3/A amendment report?
The Form 3/A for NerdWallet (NRDS) corrects the vesting schedule of an existing employee stock option. It clarifies how and when 180,608 option shares will vest, without reporting any new purchases, sales, or option exercises.
What is the vesting schedule for the NerdWallet CRO’s stock options?
The amended filing states that 1/48th of the shares vest on each monthly anniversary starting March 18, 2026. This monthly vesting continues so that 100% of the 180,608 shares will be fully vested on the fourth anniversary of that date.
Did the NerdWallet (NRDS) Form 3/A show any insider buying or selling?
The Form 3/A does not show any insider buying, selling, or exercising of options. It only updates the vesting schedule of an already reported employee stock option holding, leaving the share count and exercise price unchanged.
Who is the insider in the NerdWallet (NRDS) Form 3/A filing?
The insider is Sam Brian Mischner, NerdWallet’s Chief Revenue Officer. The amended Form 3 reflects his direct holding of an employee stock option award and corrects the vesting terms associated with that option grant.
What are the key terms of the NerdWallet CRO’s stock option grant?
The option grant covers 180,608 underlying shares of Class A common stock at a $10.18 exercise price. It expires on March 17, 2036 and vests monthly over four years, beginning March 18, 2026, according to the corrected schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
