NerdWallet (NRDS) CRO Sam Brian Mischner reports sizeable stock and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
NERDWALLET, INC. Chief Revenue Officer Sam Brian Mischner filed an initial ownership report showing direct holdings in both common stock and employee stock options. He directly owns 251,297 shares of Class A Common Stock, reflecting his current equity stake.
He also holds employee stock options covering 321,986 shares of Class A Common Stock with a $10.97 exercise price expiring on June 29, 2035, and options covering 180,608 shares with a $10.18 exercise price expiring on March 17, 2036. Footnotes state that each option grant vests 25% on the first anniversary of its vesting commencement date, then monthly over four years, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Mischner Sam Brian
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Employee Stock Options (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (right to buy) — 321,986 shares (Direct);
Class A Common Stock — 251,297 shares (Direct)
Footnotes (1)
- Represents Restricted Stock Units payable solely in Class A Common Stock of the Issuer. 25% of the shares subject to the option vest on the first anniversary measured from 6/30/25 the vesting commencement date ("VCD") and 1/48th of the total number of shares subject to the option vest monthly thereafter, such that 100% of the Shares subject to the option will be fully vested and exercisable on the fourth anniversary of the VCD, subject to Reporting Person's continuous service as of each vesting date. 25% of the shares subject to the option vest on the first anniversary measured from 3/18/26 the VCD and 1/48th of the total number of shares subject to the option vest monthly thereafter, such that 100% of the Shares subject to the option will be fully vested and exercisable on the fourth anniversary of the VCD, subject to Reporting Person's continuous service as of each vesting date
Key Figures
Direct Class A shares: 251,297 shares
Options underlying shares (grant 1): 321,986 shares at $10.97
Options underlying shares (grant 2): 180,608 shares at $10.18
+2 more
5 metrics
Direct Class A shares
251,297 shares
Directly owned Class A Common Stock reported on Form 3
Options underlying shares (grant 1)
321,986 shares at $10.97
Employee stock options, expiration June 29, 2035
Options underlying shares (grant 2)
180,608 shares at $10.18
Employee stock options, expiration March 17, 2036
Vesting schedule grant 1
25% after 1 year, then monthly to 4 years
Measured from June 30, 2025 vesting commencement date
Vesting schedule grant 2
25% after 1 year, then monthly to 4 years
Measured from March 18, 2026 vesting commencement date
Key Terms
Employee Stock Options (right to buy), Class A Common Stock, Restricted Stock Units, vesting commencement date, +1 more
5 terms
Employee Stock Options (right to buy) financial
"security_title: "Employee Stock Options (right to buy)" for derivative positions"
Class A Common Stock financial
"underlying_security_title and direct holding listed as "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.
Restricted Stock Units financial
"Footnote: "Represents Restricted Stock Units payable solely in Class A Common Stock""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting commencement date financial
"Footnotes reference "the vesting commencement date ("VCD")" for options"
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.
continuous service financial
"Footnotes condition vesting on the Reporting Person's "continuous service""
FAQ
What did NerdWallet (NRDS) disclose in Sam Brian Mischner’s Form 3 filing?
NerdWallet’s Chief Revenue Officer, Sam Brian Mischner, reported his initial equity ownership, including direct Class A Common Stock and employee stock options. The filing details share counts, option exercise prices, expiration dates, and vesting schedules tied to his continued service with the company.
What stock options did Sam Brian Mischner report in the NerdWallet (NRDS) Form 3?
He reported employee stock options over 321,986 shares at a $10.97 exercise price expiring June 29, 2035, and options over 180,608 shares at $10.18 expiring March 17, 2036, all referencing underlying Class A Common Stock.
How do Sam Brian Mischner’s NerdWallet (NRDS) stock options vest?
Each option grant vests 25% on the first anniversary of its vesting commencement date, then 1/48th of the total shares monthly. According to footnotes, full vesting occurs after four years, assuming Sam Brian Mischner remains in continuous service with NerdWallet.
Does the NerdWallet (NRDS) Form 3 show any recent stock purchases or sales by Sam Brian Mischner?
The Form 3 is an initial ownership report and lists Mischner’s existing holdings rather than new transactions. It shows his direct Class A Common Stock and option positions, with no explicit open-market purchases or sales indicated in the provided transaction summary.
What is the significance of the expiration dates on Sam Brian Mischner’s NerdWallet (NRDS) options?
The options expiring on June 29, 2035 and March 17, 2036 give a long window to exercise if vested. These dates define how long Mischner has the right to buy NerdWallet Class A shares at the stated exercise prices, subject to vesting.