Form 4: Nerdy Inc. CEO Charles Cohn Reports Stock Purchase and Beneficial Ownership Changes

Nerdy Inc. CEO Charles K. Cohn reports purchasing 347,275 shares of Class A Common Stock at a weighted average price of $1.88 and updates his beneficial ownership.

Summary

• On June 13, 2024, Charles K. Cohn, CEO of Nerdy Inc., purchased 347,275 shares of Class A Common Stock at a weighted average price of $1.88.
• The shares were purchased in multiple transactions at prices ranging from $1.83 to $1.95.
• Following the reported transaction, Cohn directly owns 9,258,298 shares of Class A Common Stock.
• Cohn also indirectly owns shares through various trusts, including the Cohn Family Trust U/A/D 3/16/2017 (1,770,251 shares), Cohn Family Trust 5/24/18 (260,704 shares), Rarefied Air Capital LLC (10,855,579 shares), and Cohn Family Investments Trust dtd 5/24/18 (260,704 shares).
• Cohn holds Restricted Stock Units (RSUs) under the Nerdy Inc. 2021 Equity Incentive Plan, which vest upon achieving certain share price target milestones.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing primarily reports a stock purchase by the CEO, which could be interpreted as a positive signal, but it's a routine disclosure.

Positives

• The CEO's purchase of shares may signal confidence in the company's future prospects.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of RSUs is tied to achieving certain share price targets.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's stock.

Stakeholder Impact

• The stock purchase by the CEO could positively influence shareholder sentiment.

Key Dates