Form 4: NerdWallet VP Samuel Yount Reports Stock Transactions

Samuel Yount, VP and General Manager of NerdWallet, reports the acquisition and disposal of Class A Common Stock, including shares withheld for tax obligations and sales under a 10b5-1 trading plan.

Summary

• On March 1, 2024, Samuel Yount, VP and General Manager of NerdWallet, had 1,050 shares of Class A Common Stock withheld by the issuer to cover tax obligations related to vesting Restricted Stock Units (RSUs) at a price of $16.91.
• Following this transaction, Mr. Yount beneficially owned 2,349,192 shares, including 515,550 Restricted Stock Units payable in Class A Common Stock.
• On March 5, 2024, Mr. Yount sold 1,335 shares of Class A Common Stock at a price of $16.71.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 31, 2023.
• After the sale, Mr. Yount's beneficial ownership decreased to 2,347,857 shares.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity, neither particularly positive nor negative.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor insider sentiment and potential alignment with company performance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• The tax withholding impacts Samuel Yount's personal finances.

Key Dates