Form 4: NerdWallet VP Samuel Yount Sells 5,000 Shares of Class A Common Stock
SEC Form 4 Filing
Samuel Yount, VP and General Manager at NerdWallet, sold 5,000 shares of Class A Common Stock at an average price of $12.01 on August 19, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 19, 2024, Samuel Yount, a VP and General Manager at NerdWallet, sold 5,000 shares of Class A Common Stock.
- The shares were sold at a weighted average price of $12.01, with individual transactions ranging from $12.00 to $12.01.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2024.
- Following the transaction, Yount directly owns 5,000 shares and indirectly owns 2,329,471 shares through The Yount Family Revocable Trust, where he serves as trustee.
- The indirect holdings include 512,508 Restricted Stock Units (RSUs) payable solely in Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a Rule 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They do not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 2/20/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 08/19/2024 | Date of transaction (sale of shares) |
| 08/21/2024 | Date of signature on the Form 4 filing |
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