Form 4: NerdWallet VP Samuel Yount Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Samuel Yount, VP and General Manager at NerdWallet, sold 6,309 shares of Class A Common Stock at a weighted average price of $16.165 per share on February 23, 2024, under a pre-arranged trading plan.
Summary
- On February 23, 2024, Samuel Yount, VP, General Manager of NerdWallet, sold 6,309 shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on October 31, 2023.
- The weighted average price for the shares sold was $16.165.
- The prices ranged from $15.86 to $16.63.
- Following the transaction, Yount beneficially owns 2,350,242 shares, including 518,592 Restricted Stock Units (RSUs).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 02/23/2024 | Date of the transaction (stock sale) |
| 02/27/2024 | Date of the Form 4 filing |
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