[Form 4] Nerdy Inc. Insider Trading Activity
Rhea-AI Filing Summary
Nerdy Inc. (NRDY) reported that its Chief Executive Officer, who is also a director and 10% owner, purchased Class A common stock. On 11/24/2025, an affiliated trust bought 238,749 Class A shares in open-market transactions at a weighted average price of $1.05 per share, with individual trades ranging from $1.01 to $1.10.
Following this transaction, the reporting person has large direct and indirect holdings across several family trusts and an entity called Rarefied Air Capital LLC. The filing also notes previously issued RSUs that vest in seven equal tranches only if Nerdy’s share price reaches milestones of $18.00, $22.00, $26.00, $30.00, $34.00, $38.00, and $42.00 per share over a 90-day average before expiring on September 20, 2028.
Positive
- None.
Negative
- None.
Insights
CEO/10% owner increased holdings via open-market buy and holds large, price-based RSUs with long-dated performance hurdles.
The filing shows the **CEO and 10% owner** of **Nerdy Inc.** bought **238,749 shares** of Class A Common Stock on
The filing also discloses **9,258,298 RSUs** held directly, granted under the 2021 Equity Incentive Plan. These RSUs vest in seven equal tranches only if share-price milestones are met at
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 238,749 | $1.05 | $251K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.01 to $1.10, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price at which the transactions were effected. Represents Restricted Stock Units ("RSUs") issued under the Nerdy Inc. 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs shall vest in seven equal tranches upon the Issuer achieving each of seven share price target milestones that occur at $18.00, $22.00, $26.00, $30.00, $34.00, $38.00, and $42.00 per share, measured, based on the average of our stock price over a consecutive 90 calendar-day period during the performance period. Any unvested RSUs shall expire on September 20, 2028. Rarefied Air Capital LLC is owned by three trusts: Cohn Family Trust U/A/D 3/16/2017, The Cohn Family Investments Trust 05/24/18, and 2018 Cohn Family Trust U/A/D 5/24/2018.
