Form 4: NerdWallet Executive Kevin Yuann Reports Stock Transaction
SEC Form 4 Filing
Kevin Yuann, Chief Business Officer of NerdWallet, reports the disposal of shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 1, 2024, Kevin Yuann, the Chief Business Officer of NerdWallet, engaged in a transaction involving Class A Common Stock.
- Yuann disposed of 3,018 shares at a price of $16.91 to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Yuann beneficially owns 223,478 shares, which includes 54,357 Restricted Stock Units payable in Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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