4//SEC Filing
Pello Jason H. 4
Accession 0001628280-25-006458
CIK 0001819404other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 5:22 PM ET
Size
6.2 KB
Accession
0001628280-25-006458
Insider Transaction Report
Form 4
Nerdy Inc.NRDY
Pello Jason H.
Chief Financial Officer
Transactions
- Award
Performance Rights
2025-02-15+500,000→ 500,000 totalExp: 2028-02-15→ Class A Common Stock (500,000 underlying)
Footnotes (1)
- [F1]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.
Documents
Issuer
Nerdy Inc.
CIK 0001819404
Entity typeother
Related Parties
1- filerCIK 0001880176
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 5:22 PM ET
- Size
- 6.2 KB