Nerdy CAO Kyle Callaway reports holdings
Kyle Callaway, Chief Accounting Officer of Nerdy Inc., reports direct beneficial ownership of 400,497 shares of Class A common stock, consisting of 241,014 shares and 159,483 restricted stock units.
Rhea-AI Filing Summary
Kyle Callaway, Chief Accounting Officer of Nerdy Inc., reports direct beneficial ownership of 400,497 shares of Class A common stock, consisting of 241,014 shares and 159,483 restricted stock units. He also holds a Stock Appreciation Right over 112,191 shares at an exercise price of $6.62 expiring 2031-01-20, and 81,800 performance rights that may convert into Class A shares subject to time- and performance-based vesting milestones.
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Callaway Kyle
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Rights F2 | -- | -- | -- |
| holding | Stock Appreciation Right F3 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Performance Rights — 81,800 contracts (Direct);
Stock Appreciation Right — 112,191 contracts (Direct);
Class A Common Stock — 400,497 shares (Direct)
Footnotes (3)
- F1. Represents 241,014 shares of Class A Common Stock and 159,483 restricted stock units.
- F2. Each performance right represents a contingent right to receive 1 share of Class A common stock. The rights are subject to time-based vesting (Time Vesting) and performance- based vesting (Performance Vesting) both of which must be satisfied before the associated rights will vest. The Time Vesting shall be satisfied over a three year period (Performance Period). In the event the Performance Vesting Milestones (Milestones) are not achieved on or prior to the last day of the Performance Period, the respective components of the rights will be forfeited. 50% of the rights shall satisfy the Performance Vesting upon the occurrence of Milestone 1, an average closing stock price of $3.24; and 50% of the rights shall satisfy the Performance Vesting upon the occurrence of Milestone 2, an average closing stock price of $4.86. Each milestone is calculated over any 20 day trading period during the Performance Period.
- F3. This Stock Appreciation Right represents the right to receive, upon exercise, an amount equal to the excess of the fair market value of one share of the Issuer's Class A common stock on the date of exercise over the exercise price set forth in this table, multiplied by the number of shares underlying the award set forth in this table.
Key Figures
Total Class A beneficial ownership: 400,497 shares
Class A shares: 241,014 shares
Restricted stock units: 159,483 units
+5 more
8 metrics
Total Class A beneficial ownership
400,497 shares
Direct beneficial ownership of Class A common stock including RSUs
Class A shares
241,014 shares
Portion of total Class A beneficial ownership held as shares
Restricted stock units
159,483 units
RSUs included within total Class A beneficial ownership
Stock Appreciation Right underlying shares
112,191 shares
Underlying Class A shares for SAR held directly
SAR exercise price
$6.62 per share
Exercise price for Stock Appreciation Right expiring 2031-01-20
Performance rights underlying shares
81,800 shares
Underlying Class A shares for performance rights expiring 2028-02-15
Milestone 1 stock price
$3.24
Average closing stock price required over any 20 trading days
Milestone 2 stock price
$4.86
Average closing stock price required over any 20 trading days
Key Terms
restricted stock units, Stock Appreciation Right, performance right, Performance Vesting, +1 more
5 terms
restricted stock units financial
"Represents 241,014 shares of Class A Common Stock and 159,483 restricted stock units."
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.
Stock Appreciation Right financial
"This Stock Appreciation Right represents the right to receive, upon exercise, an amount equal to the excess"
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
performance right financial
"Each performance right represents a contingent right to receive 1 share of Class A common stock."
Performance Vesting financial
"subject to time-based vesting (Time Vesting) and performance- based vesting (Performance Vesting)"
average closing stock price financial
"Milestone 1, an average closing stock price of $3.24; and 50% of the rights"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity stake does Nerdy Inc. (NRDY) Chief Accounting Officer Kyle Callaway report?
Kyle Callaway reports beneficial ownership of 400,497 Class A shares, made up of 241,014 shares plus 159,483 restricted stock units. He also holds additional derivative awards tied to Nerdy Inc.’s Class A common stock.
How many derivative awards linked to NRDY stock does Kyle Callaway hold?
Kyle Callaway holds a Stock Appreciation Right over 112,191 shares with a $6.62 exercise price and 81,800 performance rights, each representing a contingent right to receive one share of Class A common stock.
What are the vesting conditions for Kyle Callaway’s NRDY performance rights?
Each performance right converts to 1 Class A share only if time-based vesting over three years and performance milestones are met. Performance milestones require average closing prices of $3.24 and $4.86 over any 20 trading days in the period.
When do Kyle Callaway’s Nerdy Inc. stock appreciation rights and performance rights expire?
The Stock Appreciation Right linked to 112,191 shares expires on 2031-01-20. The performance rights tied to 81,800 shares expire on 2028-02-15, if vesting conditions are not satisfied by then.
How is the Stock Appreciation Right for NRDY structured for Kyle Callaway?
The Stock Appreciation Right pays the excess of fair market value over the $6.62 exercise price, multiplied by 112,191 underlying shares, upon exercise. It delivers value in relation to Nerdy Inc.’s Class A common stock price performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
