[Form 4] Nerdy Inc. Insider Trading Activity
Nerdy Inc. Chief Operating Officer John Andrew Paszterko reported an open-market sale of 31,788 shares of Class A Common Stock at $0.93 per share.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Nerdy Inc. Chief Operating Officer John Andrew Paszterko reported an open-market sale of 31,788 shares of Class A Common Stock at $0.93 per share. According to the footnotes, these shares were automatically sold under the company’s sell-to-cover program to pay federal and state taxes from the vesting of 100,000 restricted stock units. After this tax-related sale, he holds 99,755 shares of Class A Common Stock and 1,050,000 restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 31,788 | $0.93 | $30K |
Footnotes (2)
- F1. Open market sale of shares to cover taxes due as a result of the vesting of 100,000 restricted stock units. All of the shares reported as disposed of in this Form 4 were automatically sold pursuant to the Issuer's sell-to-cover program to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs.
- F2. Represents 99,755 shares of Class A Common Stock and 1,050,000 restricted stock units.
Key Figures
Key Terms
restricted stock units financial
sell-to-cover program financial
tax withholding obligations financial
Class A Common Stock financial
open-market sale financial
FAQ
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What insider transaction did Nerdy Inc. (NRDY) disclose in this Form 4?
Was the Nerdy Inc. (NRDY) insider sale a discretionary trade or automatic?
AI-generated analysis. How Rhea-AI works. Not financial advice.