Form 4: Nerdy Inc. CFO Jason H. Pello Sells Shares to Cover Taxes After RSU Vesting

Nerdy Inc.'s CFO, Jason H. Pello, sold 81,381 shares of Class A Common Stock on February 18, 2025, at a price of $1.8 per share to cover taxes due from the vesting of restricted stock units.

Summary

• On February 18, 2025, Jason H. Pello, the Chief Financial Officer of Nerdy Inc., sold 81,381 shares of Class A Common Stock.
• The sale was executed on the open market at a price of $1.8 per share.
• This transaction was conducted to cover federal and state tax withholding obligations resulting from the vesting and settlement of 164,931 restricted stock units (RSUs).
• Following the transaction, Pello still beneficially owns 2,143,805 shares, including 845,679 shares of Class A Common Stock and 1,298,126 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard transaction for covering tax obligations related to vested stock.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price, but it's unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Nerdy Inc., NRDY, Jason H. Pello, CFO, Class A Common Stock, Restricted Stock Units, RSU, Form 4, SEC, Beneficial Ownership, Sell-to-Cover