Nerdy Inc. (NRDY) director takes board retainers in new stock option awards
Rhea-AI Filing Summary
Nerdy Inc. director Robert J. Hutter received stock option awards in lieu of cash board fees. On April 30, 2026, he was granted options to acquire 34,677 shares of Class A Common Stock at an exercise price of $0.89 per share, with 276,612 options shown as held after this grant. He was also granted a separate option for 241,935 shares at the same $0.89 exercise price, with 241,935 options shown as held after that grant.
The footnotes state these awards reflect his annual cash retainer and additional committee retainers, which he elected to take entirely or partly in equity. The options vest on the earlier of one year from the grant date or the next annual stockholder meeting, making this a routine, compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hutter Robert J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 241,935 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 34,677 | $0.62 | $21K |
Holdings After Transaction:
Stock Option (Right to Buy) — 276,612 shares (Direct)
Footnotes (2)
- F1. The number of options issued reflects the value of the reporting person's annual cash retainer and additional annual retainer for committee memberships for the Nerdy Inc. board of directors. The reporting person has elected to have all or a part of their annual cash retainer and additional annual retainer for committee memberships paid in the form of equity in lieu of cash compensation.
- F2. The stock options will vest on the earlier of (i) the one year anniversary of the grant date or (ii) the next annual meeting of Nerdy Inc. stockholders.
Key Figures
Option grant 1 size: 34,677 options
Option grant 1 exercise price: $0.89 per share
Options held after grant 1: 276,612 options
+5 more
8 metrics
Option grant 1 size
34,677 options
Stock Option grant dated April 30, 2026
Option grant 1 exercise price
$0.89 per share
Exercise price for 34,677-share option grant
Options held after grant 1
276,612 options
Total options following first reported transaction
Option grant 2 size
241,935 options
Second Stock Option grant dated April 30, 2026
Option grant 2 exercise price
$0.89 per share
Exercise price for 241,935-share option grant
Options held after grant 2
241,935 options
Total options following second reported transaction
Vesting condition
Earlier of 1 year or next annual meeting
Vesting schedule for both option grants
Option expiration
April 30, 2036
Expiration date for both option grants
Key Terms
Stock Option (Right to Buy), annual cash retainer, additional annual retainer for committee memberships, equity in lieu of cash compensation, +2 more
6 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
annual cash retainer financial
"reflects the value of the reporting person's annual cash retainer"
additional annual retainer for committee memberships financial
"and additional annual retainer for committee memberships for the Nerdy Inc. board"
equity in lieu of cash compensation financial
"paid in the form of equity in lieu of cash compensation"
vest financial
"The stock options will vest on the earlier of"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Class A Common Stock financial
"underlying_security_title: 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Nerdy Inc. director Robert J. Hutter report on this Form 4 for NRDY?
Robert J. Hutter reported receiving two stock option grants as board compensation. These options give him the right to acquire Class A Common Stock instead of receiving his annual cash and committee retainers entirely in cash.
How many Nerdy Inc. stock options did Robert J. Hutter receive?
He received options for 34,677 shares of Class A Common Stock in one grant and 241,935 shares in a second grant. Each grant is separately reported with its own post-transaction option holdings figure on the filing.
What is the exercise price and term of Robert J. Hutter’s Nerdy Inc. options?
Both option grants carry an exercise price of $0.89 per share. They are shown with an expiration date of April 30, 2036 and an exercise date of April 30, 2027, giving a long-term window to exercise.
Why did Robert J. Hutter receive stock options instead of cash from Nerdy Inc.?
The filing states the option awards reflect his annual cash retainer and committee retainers for serving on Nerdy Inc.’s board. He elected to receive all or part of this board compensation in equity rather than cash.
When do Robert J. Hutter’s Nerdy Inc. stock options vest?
The options will vest on the earlier of one year after the grant date or the next annual meeting of Nerdy Inc. stockholders. This means vesting is tied to either time passage or the upcoming annual shareholder meeting.
Does this Nerdy Inc. Form 4 show any open-market buying or selling by Robert J. Hutter?
No open-market buying or selling is reported. The Form 4 only shows option grants classified as grant or award acquisitions. These are compensation-related derivative awards, not market purchases or sales of existing shares.