NerdWallet (NRDS) CAO has shares withheld to cover RSU tax obligation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NERDWALLET, INC. Chief Accounting Officer Nicholas Tatum reported a routine tax-withholding transaction related to equity compensation. The company withheld 3,263 shares of Class A Common Stock at $8.75 per share to cover taxes upon vesting of Restricted Stock Units. After this disposition, Tatum directly holds 72,456 shares, including 56,111 RSUs payable in Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tatum Nicholas
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,263 | $8.75 | $29K |
Holdings After Transaction:
Class A Common Stock — 72,456 shares (Direct, null)
Footnotes (1)
- Shares withheld by the Issuer to satisfy tax withholding obligation due to vesting of Restricted Stock Units ("RSUs"). Includes 56,111 RSUs payable solely in the Class A Common Stock of the Issuer.
Key Figures
Shares withheld for taxes: 3,263 shares
Withholding reference price: $8.75 per share
Shares held after transaction: 72,456 shares
+1 more
4 metrics
Shares withheld for taxes
3,263 shares
Tax-withholding disposition on RSU vesting
Withholding reference price
$8.75 per share
Value used for tax-withholding shares
Shares held after transaction
72,456 shares
Direct Class A holdings after tax withholding
Outstanding RSUs
56,111 RSUs
RSUs payable solely in Class A Common Stock
Key Terms
Restricted Stock Units ("RSUs"), tax withholding obligation, Class A Common Stock
3 terms
Restricted Stock Units ("RSUs") financial
"Shares withheld by the Issuer to satisfy tax withholding obligation due to vesting of Restricted Stock Units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligation financial
"Shares withheld by the Issuer to satisfy tax withholding obligation due to vesting of Restricted Stock Units ("RSUs")."
Class A Common Stock financial
"Includes 56,111 RSUs payable solely in the Class A Common Stock of the Issuer."
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.
FAQ
What insider transaction did NERDWALLET (NRDS) disclose for Nicholas Tatum?
NERDWALLET disclosed that Chief Accounting Officer Nicholas Tatum had 3,263 Class A shares withheld to cover taxes on vested RSUs. This Form 4 shows a tax-withholding disposition, not an open-market purchase or sale, and is part of routine equity compensation.
What do the 56,111 RSUs reported for NERDWALLET (NRDS) represent?
The 56,111 RSUs represent Restricted Stock Units granted to Nicholas Tatum that will settle in Class A Common Stock. They indicate additional potential shares he may receive over time, subject to vesting conditions, and are listed alongside his current direct share holdings.