STOCK TITAN

[Form 4] NerdWallet, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Tim Chao-Ming Chen, who serves as Chief Executive Officer, Director and a reported 10% owner of NerdWallet, Inc. (NRDS), reported transactions on a Form 4 dated 09/02/2025. The filing shows 15,310 shares of Class A Common Stock were disposed of under transaction code F at a price of $10.26 per share. The report states those shares were withheld by the issuer to satisfy tax withholding related to the vesting of restricted stock units (RSUs). After the reported transactions, Mr. Chen beneficially owns 588,596 shares, which include 136,327 RSUs payable solely in Class A Common Stock. The Form 4 is signed by an attorney-in-fact on behalf of Mr. Chen on 09/04/2025.

Tim Chao-Ming Chen, che ricopre i ruoli di Amministratore Delegato, membro del Consiglio e risulta possedere il 10% circa di NerdWallet, Inc. (NRDS), ha dichiarato operazioni in un Form 4 datato 02/09/2025. La comunicazione indica che 15.310 azioni di Class A Common Stock sono state alienate con il codice operazione F al prezzo di $10,26 per azione. Nel report si precisa che tali azioni sono state trattenute dall'emittente per il pagamento delle imposte relative alla maturazione di restricted stock units (RSU). Dopo le operazioni indicate, il Sig. Chen detiene beneficiariamente 588.596 azioni, comprensive di 136.327 RSU liquidabili esclusivamente in Class A Common Stock. Il Form 4 è firmato per procura a nome del Sig. Chen il 04/09/2025.

Tim Chao-Ming Chen, que se desempeña como Consejero Delegado, director y declarado propietario del 10% de NerdWallet, Inc. (NRDS), reportó transacciones en un Formulario 4 fechado el 02/09/2025. La presentación muestra que se dispusieron 15.310 acciones de Class A Common Stock bajo el código de transacción F a un precio de $10,26 por acción. El informe indica que esas acciones fueron retenidas por el emisor para cubrir la retención de impuestos relacionada con la consolidación de restricted stock units (RSU). Tras las transacciones informadas, el Sr. Chen posee beneficiariamente 588.596 acciones, que incluyen 136.327 RSU pagaderas únicamente en Class A Common Stock. El Formulario 4 está firmado por un apoderado en nombre del Sr. Chen el 04/09/2025.

팀 차오-밍 첸(Tim Chao-Ming Chen)는 최고경영자(CEO), 이사이며 NerdWallet, Inc. (NRDS)의 약 10% 보유자로 보고되어 있으며, 2025년 9월 2일자 Form 4에 거래를 보고했습니다. 해당 제출서류에 따르면 거래 코드 F로 15,310주의 Class A 보통주가 주당 $10.26에 처분된 것으로 나타납니다. 보고서에는 이 주식들이 제한주(RSU)의 취득에 따른 세금 원천징수 충당을 위해 발행사가 보류했다고 명시되어 있습니다. 보고된 거래 이후 첸 씨는 588,596주를 실질적으로 보유하고 있습니다. Form 4는 2025년 9월 4일 첸 씨를 대신한 대리인이 서명했습니다.

Tim Chao-Ming Chen, qui occupe les fonctions de Directeur Général, administrateur et détenteur déclaré d'environ 10% de NerdWallet, Inc. (NRDS), a déclaré des opérations dans un Form 4 daté du 02/09/2025. Le dépôt indique que 15 310 actions de Class A Common Stock ont été cédées sous le code de transaction F au prix de 10,26 $ par action. Le rapport précise que ces actions ont été retenues par l'émetteur pour couvrir la retenue d'impôt liée à la levée des restricted stock units (RSU). Après les transactions signalées, M. Chen détient bénéficiairement 588 596 actions, incluant 136 327 RSU payables uniquement en Class A Common Stock. Le Form 4 est signé par un mandataire au nom de M. Chen le 04/09/2025.

Tim Chao-Ming Chen, der als Chief Executive Officer, Direktor und als etwa 10%-Eigentümer von NerdWallet, Inc. (NRDS) geführt wird, meldete Transaktionen in einem Form 4 vom 02.09.2025. Die Einreichung zeigt, dass 15.310 Aktien der Class A Common Stock unter Transaktionscode F zu einem Preis von $10,26 pro Aktie veräußert wurden. Im Bericht heißt es, dass diese Aktien vom Emittenten einbehalten wurden, um die Steuerabzüge im Zusammenhang mit der Vesting von Restricted Stock Units (RSUs) zu erfüllen. Nach den gemeldeten Transaktionen besitzt Herr Chen wirtschaftlich 588.596 Aktien, darunter 136.327 RSUs, die ausschließlich in Class A Common Stock ausgezahlt werden. Das Form 4 wurde am 04.09.2025 von einem Bevollmächtigten im Namen von Herrn Chen unterzeichnet.

Positive
  • Substantial retained ownership: Reporting person continues to beneficially own 588,596 shares, reflecting significant alignment with shareholders
  • Transparency on compensation settlement: Filing explicitly states shares were withheld to satisfy tax obligations from RSU vesting
Negative
  • Disposition recorded: 15,310 Class A shares were disposed of at $10.26 per share (withheld for taxes)
  • Material portion of RSUs subject to future issuance: 136,327 RSUs payable solely in Class A Common Stock remain outstanding and may dilute over time

Insights

TL;DR: A routine tax-withholding disposition following RSU vesting; sizable residual ownership remains.

The Form 4 shows a disposition of 15,310 Class A shares at $10.26 identified as withheld to satisfy tax obligations from RSU vesting rather than an open-market sale decision by the reporting person. This mechanism is common when companies settle equity compensation and typically has limited informational content about changes in insider sentiment. The filing also discloses substantial remaining beneficial ownership of 588,596 shares, including 136,327 RSUs payable in Class A stock, which maintains the insider's economic alignment with shareholders.

TL;DR: Administrative equity settlement reported; no direct governance change or departure indicated.

The disclosure indicates the transaction code and an explanation that shares were withheld for tax withholding on vested RSUs. There is no indication of resignation, change in officer status, or additional derivative activity. From a governance standpoint this is a routine reporting item documenting compensation settlement and does not itself signal a governance or control shift.

Tim Chao-Ming Chen, che ricopre i ruoli di Amministratore Delegato, membro del Consiglio e risulta possedere il 10% circa di NerdWallet, Inc. (NRDS), ha dichiarato operazioni in un Form 4 datato 02/09/2025. La comunicazione indica che 15.310 azioni di Class A Common Stock sono state alienate con il codice operazione F al prezzo di $10,26 per azione. Nel report si precisa che tali azioni sono state trattenute dall'emittente per il pagamento delle imposte relative alla maturazione di restricted stock units (RSU). Dopo le operazioni indicate, il Sig. Chen detiene beneficiariamente 588.596 azioni, comprensive di 136.327 RSU liquidabili esclusivamente in Class A Common Stock. Il Form 4 è firmato per procura a nome del Sig. Chen il 04/09/2025.

Tim Chao-Ming Chen, que se desempeña como Consejero Delegado, director y declarado propietario del 10% de NerdWallet, Inc. (NRDS), reportó transacciones en un Formulario 4 fechado el 02/09/2025. La presentación muestra que se dispusieron 15.310 acciones de Class A Common Stock bajo el código de transacción F a un precio de $10,26 por acción. El informe indica que esas acciones fueron retenidas por el emisor para cubrir la retención de impuestos relacionada con la consolidación de restricted stock units (RSU). Tras las transacciones informadas, el Sr. Chen posee beneficiariamente 588.596 acciones, que incluyen 136.327 RSU pagaderas únicamente en Class A Common Stock. El Formulario 4 está firmado por un apoderado en nombre del Sr. Chen el 04/09/2025.

팀 차오-밍 첸(Tim Chao-Ming Chen)는 최고경영자(CEO), 이사이며 NerdWallet, Inc. (NRDS)의 약 10% 보유자로 보고되어 있으며, 2025년 9월 2일자 Form 4에 거래를 보고했습니다. 해당 제출서류에 따르면 거래 코드 F로 15,310주의 Class A 보통주가 주당 $10.26에 처분된 것으로 나타납니다. 보고서에는 이 주식들이 제한주(RSU)의 취득에 따른 세금 원천징수 충당을 위해 발행사가 보류했다고 명시되어 있습니다. 보고된 거래 이후 첸 씨는 588,596주를 실질적으로 보유하고 있습니다. Form 4는 2025년 9월 4일 첸 씨를 대신한 대리인이 서명했습니다.

Tim Chao-Ming Chen, qui occupe les fonctions de Directeur Général, administrateur et détenteur déclaré d'environ 10% de NerdWallet, Inc. (NRDS), a déclaré des opérations dans un Form 4 daté du 02/09/2025. Le dépôt indique que 15 310 actions de Class A Common Stock ont été cédées sous le code de transaction F au prix de 10,26 $ par action. Le rapport précise que ces actions ont été retenues par l'émetteur pour couvrir la retenue d'impôt liée à la levée des restricted stock units (RSU). Après les transactions signalées, M. Chen détient bénéficiairement 588 596 actions, incluant 136 327 RSU payables uniquement en Class A Common Stock. Le Form 4 est signé par un mandataire au nom de M. Chen le 04/09/2025.

Tim Chao-Ming Chen, der als Chief Executive Officer, Direktor und als etwa 10%-Eigentümer von NerdWallet, Inc. (NRDS) geführt wird, meldete Transaktionen in einem Form 4 vom 02.09.2025. Die Einreichung zeigt, dass 15.310 Aktien der Class A Common Stock unter Transaktionscode F zu einem Preis von $10,26 pro Aktie veräußert wurden. Im Bericht heißt es, dass diese Aktien vom Emittenten einbehalten wurden, um die Steuerabzüge im Zusammenhang mit der Vesting von Restricted Stock Units (RSUs) zu erfüllen. Nach den gemeldeten Transaktionen besitzt Herr Chen wirtschaftlich 588.596 Aktien, darunter 136.327 RSUs, die ausschließlich in Class A Common Stock ausgezahlt werden. Das Form 4 wurde am 04.09.2025 von einem Bevollmächtigten im Namen von Herrn Chen unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Chen Tim Chao-Ming

(Last) (First) (Middle)
C/O NERDWALLET, INC.
4150 N. DRINKWATER BLVD. , SUITE 200

(Street)
SCOTTSDALE AZ 85251

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NERDWALLET, INC. [ NRDS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/02/2025 F 15,310(1) D $10.26 588,596(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld by the Issuer to satisfy tax withholding obligation due to the vesting of Restricted Stock Units ("RSUs").
2. Includes 136,327 RSUs payable solely in the Class A Common Stock of the Issuer.
Remarks:
/s/ Bridgett Gatewood, Attorney-In-Fact for Tim Chao-Ming Chen 09/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the NerdWallet (NRDS) Form 4 report for Tim Chao-Ming Chen?

The Form 4 reports a disposition of 15,310 Class A shares on 09/02/2025 at a price of $10.26 per share, identified as shares withheld to satisfy tax withholding from RSU vesting.

How many NerdWallet (NRDS) shares does Tim Chao-Ming Chen beneficially own after the reported transaction?

After the reported transaction, Mr. Chen beneficially owns 588,596 shares, which includes 136,327 RSUs payable solely in Class A Common Stock.

Was the reported transaction an open-market sale or related to equity compensation?

The filing explains the 15,310-share disposition was due to shares withheld by the issuer to satisfy tax withholding related to the vesting of restricted stock units, not an open-market discretionary sale.

Who signed the Form 4 for Tim Chao-Ming Chen and when?

The Form 4 was signed by Bridgett Gatewood, Attorney-In-Fact for Tim Chao-Ming Chen on 09/04/2025.
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