4//SEC Filing
Udell Stuart 4
Accession 0001628280-23-033336
CIK 0001819404other
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 6:16 PM ET
Size
12.5 KB
Accession
0001628280-23-033336
Insider Transaction Report
Form 4
Nerdy Inc.NRDY
Udell Stuart
Director
Transactions
- Disposition to Issuer
Warrants to purchase
2023-09-28−551→ 0 total(indirect: By Trust)Exercise: $11.50From: 2021-10-09Exp: 2026-09-20→ Class B Common Stock (551 underlying) - Award
Class B Common Stock
2023-09-28+360→ 18,457 total(indirect: By Trust)→ Class A Common Stock (360 underlying) - Disposition to Issuer
Earnout Shares
2023-09-28−902→ 0 total(indirect: By Trust)→ Class B Common Stock (902 underlying) - Award
Class B Common Stock
2023-09-28+137→ 18,097 total(indirect: By Trust)→ Class A Common Stock (137 underlying)
Footnotes (3)
- [F1]On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 551 warrants for 137 shares of Class B Common Stock.
- [F2]On September 28, 2023, pursuant to the concurrent earnout transaction, the reporting person forfeited 542 shares of Class B Common Stock that were subject to forfeiture (the Earnout Shares), and removed the forfeiture restrictions on 360 Earnout Shares.
- [F3]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder and in accordance with the terms of the Second Amended and Restated Operating Agreement of Nerdy LLC.
Documents
Issuer
Nerdy Inc.
CIK 0001819404
Entity typeother
Related Parties
1- filerCIK 0001477740
Filing Metadata
- Form type
- 4
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 6:16 PM ET
- Size
- 12.5 KB